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[103] [104] According to John Armour, Professor of Law and Finance at Oxford University, "a 'soft' Brexit, whereby the UK leaves the EU but remains in the single market, would be a lower-risk option for the British financial industry than other Brexit options, because it would enable financial services firms to continue to rely on regulatory ...
The cost of Brexit is still being determined, but the government watchdog estimates that the economy will take a 15 per cent hit to trade in the long term, while experts suggest that the UK has ...
In the European Parliament, Brexit led to changes in group representation: Brexit gave 5 seats to the EPP and 3 seats to the ID, while 29 seats were lost by the NI (including Brexit party) 11 seats lost by the Renew Europe (LibDem) 7 seats losts by the green, and six seats lost by the alliance of socialists and democrats (S&D).
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.
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 ...
Former Conservative MP Anna Soubry and Shadow Justice Secretary David Lammy also suggested Brexit was a factor. On the other hand, Grant Shapps, the UK transport secretary, had said that driver shortage was a problem in Europe, and that Brexit had helped the UK to "provide a solution". [33] However, Shapps later admitted that Brexit had been "a ...
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." [127]
The calls come weeks after a top soprano warned in The Independent that Britain risks losing its entire classical music industry due to post-Brexit red tape blocking UK artists from touring in the EU.