How Does Brexit Impact On The UK

Managing the negative effects of Brexit

Does the Brexit vote impact on the United Kingdom (UK) positively, and how should the UK deal with Brexit from here on out? From observing the immediate ramifications Brexit will have on UK’s trade status, and many other issues, one can determine that England will not be better off outside of the EU. The UK does not even know, if they will be ostracized by EU, or of the international ramifications of their decision. The three main justifications of the “leave” campaign (the people pushing Brexit) were retaining national sovereignty, halting immigration, and not contributing to the EU. Even though these issue areas are important to some, the ramifications Brexit would have on UK's trade ability

A trade deal like Norway’s entails that the UK would be able to trade freely with the EU but not participate in its political institutions. However, there are many stipulations that would come along with a potential deal that could be hard for the UK to swallow. UK companies would have to prove that their goods are eligible as manufactured in the UK, which is an arduous process due to global supply chains. Moreover, when the Swiss, who are in a trade coalition with Norway, attempted to limit immigration in 2014 the EU responded with the threat of ceasing all their trading rights. Free movement across borders is a strong value of the EU’s, which also happened to be something the “leave” campaign campaigned against. The UK will now be able to close its border if it chooses, but the EU mandated immigration in the UK wasn’t causing any problems. Many people correlate increased immigration with violence and job loss, however studies in the UK indicated no increase of either since 2004. Regardless, with the requirements of reaching a Norway-esque deal being highly unlikely for the UK to meet considering many voted for Brexit solely based off immigration, a trade deal with the EU would not be ready by the time the UK formally seceded. This would result in tariffs being imposed upon UK companies, and reduce manufacturers interests of producing in the