Search results
Results from the WOW.Com Content Network
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 particular, there was a broad consensus among economists and in the economic literature that Brexit would likely reduce the UK's real per capita income in the medium and long term, and that the Brexit referendum itself would damage the economy.
For premium support please call: 800-290-4726 more ways to reach us
Following David Cameron's announcement of an EU referendum, in July 2013 the Institute of Economic Affairs (IEA) announced the "Brexit Prize", a competition to find the best plan for a UK exit from the European Union, and declared that a departure was a "real possibility" following the 2015 general election. [237]
In particular, there is a broad consensus among economists and in the economic literature that Brexit will likely reduce the UK's real per capita income in the medium and long term, and that the Brexit referendum itself damaged the economy.
The government plans to change the legal definition of wine following Brexit, to reflect demand for low-alcohol versions of the drink. It means low and alcohol-free versions have to be sold as a ...
A portmanteau of "British" and "return"; used by opponents of Brexit to describe a potential reversal of the referendum and rejoining of the EU at some point in the future. [14] Brexit Brexit (like its early variant, Brixit) [15] is a portmanteau of "British" and "exit". Grammatically, it has been called a complex nominal. [16]