Abstract
The study aims to explore the various impacts caused by Brexit on the UK economy. The study uses theoretical and qualitative methods for analysis. The Brexit referendum took place in 2016, and the event in 2020. This caused the UK GDP to decrease. The inflation increased sharply due to Brexit and other factors. Unemployment is rising in the countries as the country faces a labour shortage. The trade has decreased with the EU. The export performance of the UK has worsened. The exchange rate has depreciated as the pound has lost its value. The study makes several suggestions, such as greater trade negotiations with the EU, allowing immigration from other countries, strengthening international position, maintaining depreciated currency, and restoring the status of London as a global financial hub. These suggestions can help the UK achieve higher economic growth and recovery from a slowdown due to higher investment and trade flows.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
