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How Brexit affect the EU and

Worldwide

By Carisma Wajid

The impact that Brexit will have on limited access to highly skilled
the European Union is that it could European force. This could create
potentially change the economical and inflation and lower the standards of
social even could have a long term living. Under all circumstances, Brexit
effect on political changes. For will make Britain poorer compared
economic impact for the UK leaving with remaining in the EU.
the Brexit is that the European Union
For the rest of the world, the EU
could lose an important aspect of
would lose an influential also this
marketing and trading across the
would shift the balance of those in
world, therefore the pound value
control and power. This could also
would decrease and lead to a loss.
lead to competition and result in
This resulted in imports becoming
putting pressure on the policies.
more expensive. This could have a
While the UK is free to trade deals, it
detrimental effect on Britain's future
would have less support and be a
and could have a severe impact on the
lower priority than the EU for other
export industry as they start to
countries.
collapse. If we have to spend more
money on goods while salaries fail to In addition, the EU would lose
keep up with the rising prices we will money if the UK left, as a member of
suffer as a nation at some point. the countries have to pay a percentage
of their gross national income, and
Brexit has a huge impact on the risk
furthermore, UK is an economic
of losing some of its negotiation
powerhouse and for this, it
power, Brexit reduces the investment
contributes to the EU income, as for
from the remaining of EU.
EU losing money it would have a
Furthermore, this could affect the
consequence on their financial
economics as the economies could
service. As in 2016, the UK left the
slow down if consumers and
EU, it resulted in a bad outcome of
businesses imports are decreased. A
the investments and lead to loss of
reduction in investment leads to an
business deals. Additionally, this
increase in unemployment. There is

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