“Brexit” and Its Influence on British Economy
Despite the fact that the decision of the withdrawal of the UK from the EU has been declared "final and irrevocable" by the British government, now there is still an active discussion about the correctness of this "fateful" step. Politicians and experts continue to fiercely argue about the consequences of the "Brexit" for the British, European and even world economy, and the media are throwing in new facts and arguments for different points of view. It is still not entirely clear to the general public how these processes will affect the everyday life of ordinary citizens of the EU, and international politics. However, after the exit, Britain's economic resources will be directed only to the needs of the British economy, and an unjustified outflow of resources to other European countries, will not weaken its budget.
The UK is one of the largest economies in the world, independent of investment and today many experts believe that after the Brexit from investment and unemployment spheres, banking industry and financial communications Britain will expect complexity. It was precisely the disagreement in the economy connected with a foreign policy that led to the distrust of British citizens towards the EU. The exit of the UK from the EU, from the economic side, will weak only the EU. The EU countries themselves will have to share the burden of responsibility for the economies of backward EU countries without the UK.
Great Britain also will not have to invest in EU projects, most of which are unreasonably expensive, and do not benefit Europeans in the rapidly changing modern world. With the taxpayers of Great Britain, the burden of maintaining two governments and supranational state institutions fueling the euro bureaucracy will be lifted. Moreover, the withdrawal of Great Britain from the EU will strengthen its competitiveness in the world market (Pettifor, 2016). After all, against the background of the union of the leftist governments of Italy, France, Greece, and flirting with Russia, and secretly sharing its expansionist sentiment, Germany; a transparent, responsible and militant to all expansionists Britain looks much more reliable partner in both foreign policy and economy.
From the side of economic and legal cooperation with the EU, supposed by analysts and experts, the collapse is unlikely. Except for some aspects that assume the items of expenditure from EU membership, those issues that consider the articles of joint incomes will remain unchanged. Based on the reality of mutual benefits, the agreements reached will be copied in the "copy-paste" system, and for a different demonstration, a memorandum will be drawn up between the EU and a special associate member. Moreover, in Europe, there are several advanced economies that continue to develop and grow stronger outside the EU, for example, Switzerland and Norway. It should be noted that this situation will also create an extraordinary precedent in the relationship between the EU and its associated partners (Pettifor, 2016). Successful domestic policy mechanisms for suppressing illegal migration, separatism, …
