What are the consequences of Brexit?

1. Prime Minister Cameron resigns. Prime Minister Cameron, who leads the entire Remain in Europe movement, is likely to resign as Prime Minister and Chairman of the Conservative Party if he loses the Brexit battle. It is expected that he will be dismissed. Replaced by European movement leader and former London Mayor Boris Johnson. 2. Split in the UK. It is reported that a large number of Remainers are from Scotland. If they fail to stay in the EU as they wish, the local chief minister Nicola Sturgeon will launch a second independence referendum, which will lead to the split of the UK. Northern Ireland may also be isolated by neighboring EU member Ireland, severely hampering cross-border trade. However, some Brexiteers pointed out that whether Scotland is independent or not has nothing to do with Brexit. Currently, the United Kingdom and Northern Ireland also have a bilateral agreement to ensure that cross-border trade with Ireland will not be affected by Brexit. 3. Parting ways with the EU Once Brexit is successful, it will go through two years of negotiations. The main point of debate has always been whether the UK can maintain ties with Europe after Brexit. European Commission President Juncker threatened that the UK will be treated as an "outsider" after Brexit and that the EU "will not bend the knee to the UK". The World Trade Organization also warned that it may take 10 years for the UK to return to the same level as today after Brexit. Considerable negotiating position. 4. Economic depression crisis. According to analysts at HSBC, market turmoil and unstable factors such as London's failure to maintain its status as an international financial center may lead to a depreciation of sterling by 15% to 20%, inflation of 5%, and increases in interest rates and labor costs. Ultimately, economic growth slowed by 1% to 1.5%. Thousands of jobs in London could be lost to Paris or Frankfurt. But the Brexit camp believes that the market will soon adapt and that the British economy will benefit from new trading partners and screened immigrants, and continue to remain a flexible and local economy. Other analysts said that taking into account the inherent advantages of the UK’s judicial system, language, time zone, and large number of technical talents, Brexit will not bring disaster to the UK indefinitely. 5. Sharp drop in immigrant population. Brexit may cause a sharp drop in the number of immigrants from EU countries, leading to manpower shortages in the local construction and service industries. Immigration is the top issue that local voters care about in the EU referendum, so the referendum is actually an immigration referendum. Once Brexit is successful, it will prompt the government to tighten restrictions on immigration. Excerpted from the Internet