BREXIT: 5 Consequences That UK will Face after Leaving European Union
British exit from the European Union (BREXIT), meaning that in the coming months, British and European leaders will begin negotiating the terms of Britain's departure.
BREXIT will affect the British economy, immigration policy, and lots more. However, It will take years for the full consequences to be felt.Below are some of the most important changes UK can expect in the coming day.
1. The process of exiting European Union will take like a years time.
It will require the member state to notify the EU of its withdrawal and obliges the EU to then try to negotiate a withdrawal agreement with that state. Once Britain invokes Article 50, it will have a two-year window in which to negotiate a new treaty to replace the terms of EU membership.
2. Brexit will cause economic problems for Britain's.
The uncertainty about Britain’s future relationship with the EU (its largest trading partner) could push the UK into a recession. If the UK government falls, Britain’s prospects of negotiating a favorable deal with the EU could be weakened.
3. Significant uncertainty for migrants.
EU established the principle of free movement among EU countries. A citizen of one EU country has an unfettered right to live and work anywhere in the EU. Britain’s exit from the EU could change that profoundly. Its however not known if the British government will be continue the current arrangement.
4. Brexit could trigger a breakup of the UK.
UK is called "United" because it's made up of four "countries" — England, Wales, Scotland, and Northern Ireland. Polls have shown that people in Scotland broadly support remaining in the EU. Scots in particular have never been entirely satisfied with English domination, as shown by the 44 percent of Scottish people who voted to make Scotland an independent country in 2014.
5. The vote could tumble the British government.
The victory of the "Leave" campaign could fatally weaken Cameron’s standing within his own party. Cameron had vowed to continue in office even if voters rejected his stance on EU membership but that is not the case as at now after his resignation from office.
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