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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.
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.
In the decade before the Brexit referendum there was a significant increase in migration from EU countries, as outlined by the Migration Observatory: 'Inflows of EU nationals migrating to the UK stood at 268,000 in 2014, up from 201,000 in 2013.
On 27 June 2016, a "Brexit unit" of civil servants were tasked with "intensive work on the issues that will need to be worked through in order to present options and advice to a new Prime Minister and a new Cabinet", [129] while on 14 July, David Davis was appointed to the newly created post of Secretary of State for Exiting the European Union ...
Part of a series of articles on Brexit Withdrawal of the United Kingdom from the European Union Glossary of terms Background European Communities Act 1975 EC membership referendum UK rebate Bruges speech No. No. No. Maastricht Rebels Black Wednesday European Union (Amendment) Act 2008 European Union Act 2011 UK opt-outs from EU legislation Euroscepticism in the UK UK opinion polling on EU ...
The European Commission is suing the UK for violating the terms of the post-Brexit deal, despite efforts by Sir Keir Starmer to repair links with the trade bloc. Britain had failed to comply with ...
Brexit has made touring in Europe “simply not economically viable” for many artists, a minister has admitted.. In a damning assessment of the impact on musicians of leaving the EU, Chris ...
Brexit caused the European Union to lose its second-largest economy, its third-most populous country, [298] and the second-largest net contributor to the EU budget. [ 299 ] The UK is no longer a shareholder in the European Investment Bank , where it had 16% of the shares. [ 300 ]