The British Departure from the European Union: The Impact of Brexit on the United Kingdom.

Abstract

A British departure from the European Union will certainly has an impact on the UK in many aspects. Given that the main arguments in favour of leaving the EU focus on economic interdependence, sovereignty and security, and immigration, this paper takes a closer look at what a Brexit would mean in those areas. This work explores the impact of Brexit on the United Kingdom and examines whether the UK would be able to extract a better deal from the EU as it chose to leave the Union. This research focuses on three major impacts of Brexit on the United Kingdom in the future: firstly, the impacts of a British leave from the EU on the UK economy; secondly, immigration after Brexit; and thirdly, the UK’s sovereignty after the British departure from the European Union. This paper finds out that the future of UK is uncertain and this uncertainty, which the UK government has said could last for long years, could have an impact on financial markets, investments, and the value of the pound that will affect employment and the wider economy.