What impact will Brexit have on the UK?

Brexit from the EU will undoubtedly be beneficial to the UK in the short term.

The UK can immediately save the ￡8 billion it pays to the EU finances every year. Those who support Britain's departure from the EU say that 90% of the British economy has nothing to do with trade with the EU, but is still restricted by EU regulations. Leaving the EU will free many small and medium-sized enterprises in the UK from the constraints of EU rules and regulations, and job opportunities may therefore be lost. increase.

Without its membership of the EU, the UK will be unable to rely on the EU to play an important role in European and world affairs, and its international status and influence will be greatly reduced.

In terms of trade, the UK and Europe have always been closely interdependent, with half of the trade volume coming from other European countries. Leaving the EU may affect the UK's trade relations with Europe, affecting London's status as an international financial center and a safe haven for capital. If a large amount of investment withdraws from the UK, the economic outlook may further deteriorate. Domestic business leaders in the UK, including Britain's richest man and Virgin Group chairman Richard Branson, have warned that the UK's attempts to renegotiate its relationship with the EU may create an uncertain future and harm the interests of the business community.

In addition, losing influence in Brussels, Berlin and Paris will make the UK even more outcast by Washington and marginalized in many transnational matters such as the environment, security and trade. The United States and other allies want the UK to remain within the EU, risking it becoming an isolated country once it leaves the bloc.