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In 2016, the impact of Brexit on the European Union (EU) was expected to result in social and economic changes to the Union, but also longer term political and institutional shifts. The extent of these effects remain somewhat speculative until the precise terms of the United Kingdom 's post-Brexit relationship with the EU becomes clear.
Research group, Oxford Economics says that depending on the new trading relationship with the EU, the impact on the British economy would be between −0.1% and −3.8% by 2030, than if the UK had remained inside the EU. [7] The impacts would vary across sectors but the group said that construction and manufacturing would be the worst affected. [7]
Almost two in three Britons believe Brexit has damaged the UK economy, a new poll for The Independent has found.. Some 61 per cent of voters say quitting the EU has made Britain’s economy worse ...
The economic effects of Brexit were a major area of debate [1] during and after the referendum on UK membership of the European Union. The majority of economists believe that Brexit has harmed the UK's economy and reduced its real per capita income in the long term, and the referendum itself damaged the economy.
Church of Scotland - Rev Dr Richard Frazer, the Convener of the Church and Society Council, stated that "the Church of Scotland has spoken out consistently over the last 20 years in favour of our continued membership to the European Union – but it [Brexit] is the democratic decision of people living in the UK and we must honour that."
According to Wageningen Economic Research, if there was a "hard Brexit that banned EU fishermen from UK waters", British fishermen could catch more fish but the price of their fish would drop, while the resulting trade barriers would lead to higher seafood prices for consumers, because the UK imports most of its seafood.
African Affairs is a peer-reviewed academic journal published quarterly by Oxford University Press on behalf of the London-based Royal African Society. The journal covers any Africa-related topic: political, social, economic, environmental and historical. Each issue also includes a section of book reviews.
Some Brexit supporters viewed the EU as an economic opportunity for Britain. This contradicted the Remain campaign's warnings of a potential 'economic black hole'. [69] Those who saw economic opportunity tended to be sympathetic towards free market and free trade ideas, viewing the regulatory nature of the EU as imposing on personal market ...