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Economic aspects of Brexit (Background (There are antecedents that…
Economic aspects of Brexit
Background
There are antecedents that question the relevance in the European Union (1975)
British producers are limited by EU regulations (SMEs)
EU Restrictive Laws
UK made payments to indebted European countries
United Kingdom was always distant from the EU
Never adopted the Euro
Their reason for joining was economic, not political or territorial
First 3 Years (Discussion)
No country had left before
They wanted to go for control and migration issues at the beginning
Soft Brexit, maintain a business or trade zone
Boris Johnson goes for hard Brexit
Speculations
Empresas tendrían barreras para abastecer el mercado europeo desde Reino Unido
Economic loss (drop in GDP) in Europe but more serious in the United Kingdom
International banks and companies would leave London
Exports and imports will be more expensive
Both lose (EU and UK)
Future
Agree new trade agreements
UK is now free to make trade deals with whoever it wants
United Kingdom will have to pay 50 million Euros
It will be negotiated all year (2020)
Omar Acevedo - A01174018