About Brexit
2017: UK informed EU about its intension to leave the EU
Reason for voiting in favour of the Brexit
1.Chinese imprt shock people vote depending on the regions general economic situation regardless of their own affection 2.Impact of migration Most self-reported answer to vote fpr Brexit impact: negative attitude through the burden of Chinese imports the people have to face 3.Higher income inequality Free trade lead to wealth in gernal but some felt "left behind" 4.Lower real wage growth 2007-2015 negative 5.European Union People felt like the UK was ruled by Brussels and not by them UK sends Brussel 350 Million every week Could be invest in education, scientific research or new industries
Consequences of Brexit
Trade: Introduction of duties and tarrifs Countries with deeper ties, increades vulnerability Trade agreements UK will have to renegotiate many of these arrangements Some negotiations can take decades Labour: Agriculture, Fisheries will also be impacted Hospitiality sector depends on EU-nationals up to 23 % EU-Budget Brexit will leave a big hole in the EU-Budget London Loss of passporting rights with no transition period Incalculable Job losses Lower quality, higher prices services
