A consequence of Britain leaving the EU would be that they would have to create a trade on all from so many different tariff lines, therefore covering its complete trade portfolio. Nearly 100percent of the United kingdoms trade would have to be negotiated When it comes to the Uk’s trade, they would need to negoatiate approximately all of it. Trade is one of the crucial things within the British economy, this is why everybody needs to make sure that they don’t underestimate the challenges that possibly come. Brexit would cause the Britain to lose preferential entry to other markets that are covered by 36 other trade agreements with fifty eight countries negotiated by the EU. The Britain could have then have to enforce higher traffis on imports from those countries and they would need levy their own surcharges on British exports. Another negative consequence of Brexit would be that the British do not have their own trade negotiators, as they have been relying on the EU to deal with trade matters for them and this has been happening for decades Consequently they would need to create one if Brexit happens. This would mean gearing up for negotiations that might end up taking years. It’s very hard and difficult to negotiate these trade agreements; as well as time consuming. Even if we Britain are ready to rapidly negotiate with other consumers, it doesn’t mean the other members will be in the position to trade with them. One of the lots of things which could have have a bad outcome for both the United kingdom and the EU is that trade will either be reduced or the price may increase between the two. Brexit can lessen other countries interest within the UK and could reduce investments from other parts of the EU.
Accountants in Reading Say- As a consequence of Brexit the UK could have difficulty to obtain any new investments, there are several things which Brexit will not have any affect on such as deep capital markets and the language. The economic effect of Brexit is not as obvious cut in any direction as most prior analyses have suggested. This can be affected by a variety of other decisions that are waiting to be made. The worst situation is that by about 2030, if the Britain haven’t managed to make a deal with the EU, the GPD will lower to about 2.2%, compared to if it stayed in the EU. The most excellent outcome is that by 2030, the Britain managed to make an agreement with the EU. As well as if it opens up approximately completely to trade with the rest of the world, Britain GDP would be approximately 1.6% higher than if it had remained within the EU. Brexit possibly cause roughly all of the Uk banking industry to lose access to the singles market and therefore major banks would have to consider relocating to get main access to the Euro market. There could be political opposition within the United kingdom itself as a outcome of Brexit.