Once Brexit has successfully gone through, the UK will no longer have to pay for membership to the EU. This is at home and abroad, given that UK companies will no longer have to follow EU mandates.Ĭost of EU membership has remained a sore point for many British nationals with regards to EU membership. There’s no longer any requirement to pursue deportation via the European legal process.Ħ UK companies will enjoy improved opportunity With reforged immigration laws, it makes it a simpler process for the UK to deport individuals with a known criminal history. What’s more, the workplace environment in the UK will enjoy fewer regulations and reduced red tape. This has already occurred, because a large number of EU nationals have already departed the UK. The UK will enjoy higher employment of its own nationals and higher wages. That, in fact, remains to be seen, particularly over the short term.
It has been said that the UK will enjoy lower costs (for example, in supermarkets) once Brexit has gone through. For example, the UK can set rules for value-added tax (VAT) which are currently set at 20 percent. The UK will be in a position to establish self-regulated trade regulations. The UK, after departing from the EU, will then be in a position to trade internationally and on an independent basis.Ģ Costs involved with trade regulations will be no more That said, here is a summary of some of the (potential) advantages and disadvantages of Brexit.
#LOOKS TO DUE TO BREXIT LIMITATIONS FULL#
And no one will know the full extent until Brexit has, in fact, been finalised. Now, when it comes to advantages and disadvantages of Brexit, do be aware that no one knows the full extent of this. While many would argue that departing from the EU will come with countless opportunities, there are many others that would clearly state that it’s a huge mistake and there are countless disadvantages. The UK first joined the EEC, as the EU was previously named, in 1973, after suffering two vetoes by the French in ’63 and ’67. In June of 2016, the majority of the British populace (though not the majority of the Irish or the Scottish – both countries overwhelmingly voted to remain in the EU) voted for Brexit… i.e.
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