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  • Consequences From Hard Brexit

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    Sharwan Kumawat
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    A hard Brexit would negatively impact the UK economy by eliminating tariff-free trade with the EU, increasing export costs and weakening the British pound. It could also cause over 4,000 London real estate jobs to be lost and property prices to drop drastically. Additionally, the UK would no longer be able to bid on public contracts in the EU, further harming the economy and banking sector as costs of goods like phones and flights increase.

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    Hard Brexit

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    Consequences from Hard Brexit

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    A hard Brexit would negatively impact the UK economy by eliminating tariff-free trade with the EU, increasing export costs and weakening the British pound. It could also cause over 4,000 London real estate jobs to be lost and property prices to drop drastically. Additionally, the UK would no longer be able to bid on public contracts in the EU, further harming the economy and banking sector as costs of goods like phones and flights increase.

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    6 views1 page

    Consequences From Hard Brexit

    Uploaded by

    Sharwan Kumawat
    A hard Brexit would negatively impact the UK economy by eliminating tariff-free trade with the EU, increasing export costs and weakening the British pound. It could also cause over 4,000 London real estate jobs to be lost and property prices to drop drastically. Additionally, the UK would no longer be able to bid on public contracts in the EU, further harming the economy and banking sector as costs of goods like phones and flights increase.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Consequences from Hard Brexit

    There are many consequences from hard brexit which is when UK left not only Europe but also their single

    markets and customs union. The consequences are as follows:

     Due to hard brexit status United Kingdom would no longer have a tariff free trade status which they had

    previously In Europe. Due to this export costs of sending products from UK to Europe would increase

    which will make the UK products more expensive and will In turn weaken the UK pound which would

    have a negative impact on the country.

     This will have a positive impact on Europe because of the decrease in exports from UK they would have

    to increase their domestic production to meet the demands and because of which their imports would

    increase, the revenue generated by the country would also increase. The GDP of the country would

    increase which is a positive sign for UK [ CITATION Fin19 \l 1033 ]

     Hard Brexit would have a very serious impact on UK as London is their financial capital and most of

    the people consider London as the English-speaking entry to the European Union economy. Because of

    this more than four thousand real estate agents could lose their job and the prices of the properties in

    London would drop drastically. The prices have decreased in the last two years which is an indication of

    what is going to happen. Another significant impact on UK countries would be that they would not be

    able to place bids on any public contracts in any European Union zone which would be a huge setback

    on United Kingdom in relation to their economy and their banking sector and due to this Hard Brexit

    deal the cost of mobile phones and airfares would also increase[ CITATION Chr19 \l 1033 ].

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