The article examines the potential economic effects on the United
Kingdom (UK) following its decision to leave the European Union (EU)
known as Brexit. The current article starts with analyzing the important
impact of the uncertainty caused by Brexit over the economy of the
United Kingdom. The key points of the Brexit agreement achieved
between the UK and the EU would be also explained. In the last part
economic forecasts related to the economy of the UK would be presented
and analyzed in order to better understand how large the economic
impact of Brexit could be. Research methods involving both qualitative
and quantitative data were mainly used to write the research article and
analyze its purpose. The Statistical analysis is introduced to prove the
impact of Brexit event on the economic performance of the United
Kingdom and also for measuring the effects caused by the uncertainty
during Brexit transition period on the behaviour of firms' investment
decision and the evolution of other variables. The practical importance of
the current article is related to its main subject; Brexit which is a
new form of desintegration and its impact on short and long term on the
United Kingdom's economic position. The results obtained could be also
used to predict the consequences of such decisions of desintegration on the
involved countries in future scenarios.
Citation:
Salih, A. (2021). The potential impacts of Brexit on the UK economy. ASERC Journal of Socio-Economic Studies, 4(1), 54-63. DOI:10.30546/2663-7251.2021.4.1.54