Britain after Brexit Group 10 by Jack Rizzotti

Britain after Brexit Group 10 by Jack Rizzotti https://padlet.com/jackrizzottimoscow/fvy3gf381ajhp72d What will the future bring? en-us 2021-09-07 12:40:21 UTC 2026-02-03 19:20:33 UTC hello@padlet.com Whither Post-Brexit Britain? 200-250 words jackrizzottimoscow https://padlet.com/jackrizzottimoscow/fvy3gf381ajhp72d/wish/1721718350 Brexit has shaken the British economy to its core. Will Britain ever recover? What will need to happen for Britain to gain the economic power it had before Brexit? Write your opinion using cited material. Then comment on three other students' posts, agreeing or disagreeing, and offering a supported argument. ]]> 2021-09-07 12:42:01 UTC https://padlet.com/jackrizzottimoscow/fvy3gf381ajhp72d/wish/1721718350 Post Brexit Britain will damage the British economy in the long run. Anton Jimenez https://padlet.com/jackrizzottimoscow/fvy3gf381ajhp72d/wish/1734250695 The unexpected turn that will be written down in history known as brexit has become one of the main topics of discussion in the recent years. Even though a lot of people found out that the unrestricted movement of migrants and foreigners to their country was damaging people's capability of obtaining a job, this also meant that there was more external capital that was circling in the economy.

Source B mentions that the UK membership to the European Union had an estimate cost of 13 billion pounds per year, their retract could save about 8 billion into reallocating into new resources and a larger opportunity cost. The second major point that was uneasy for the British people, is the jobs that Indian, Chinese or Asian people in general would take from their country, creating a negative externality.

Source A clarifies that the economical frictionless environment with the EU, could result in a failure. “…real output would be lower by 0.2 percent in the long run under the FTA scenario… (about 2.5 percent compared to the no-Brexit scenario)” having a negative impact on the development of new jobs and the reduction of potential investments in the long run.

Both arguments are strong, and have their serious impact one over the other. In my opinion the best development the UK could experience is to lower the restrictions to economical restrictions to the EU so that they can benefit from the external investment and a smart realocation of resourses that result in a goverment stimulus towards its own economy.

Source A: https://blogs.imf.org/2018/08/10/the-long-term-impact-of-brexit-on-the-european-union/#post/0

Source B: https://vittana.org/22-pros-and-cons-of-brexit]]> 2021-09-12 22:16:36 UTC https://padlet.com/jackrizzottimoscow/fvy3gf381ajhp72d/wish/1734250695 Post-Brexit British economy outlook Nikita_Trifonov https://padlet.com/jackrizzottimoscow/fvy3gf381ajhp72d/wish/1742029735 The UK withdrew from the European Union on January 31, 2020 after 47 years of membership. Thus,
it is no surprise that such event has risen a lot of debates since. Some people have spoken in support
of Brexit, while others expressed strong disapproval. So far, Brexit supporters have been too
optimistic as nowadays economy of the UK is on the decline. Anyway, this is not the final point for
the country so let’s discuss perspectives of British economy.
Brexit has affected different sectors of British economy. For instance, many large businesses like
Barclay’s or Bank of America have moved their headquarters to Dublin with the purpose to have an
entry point to the EU economy. This has led to reduction in investments in the UK and has depressed
economic growth in the country. In addition to that, many EU-born workers left Britain. This
complicated the task to find applicants for businesses that decided to stay in the UK. Consequences
of these events can be seen in British economy’s growth rate, which fell sharply in 2021 after the
end of the transition period. It is also worth mentioning that the British pound fell from $1.48 on the
day of the referendum to $1.36 the next day and has not recovered since, staying in the range of
$1.38-$1.40.
In my opinion, British government obtains power and resources to solve all these problems. It should
negotiate new trade agreements with countries outside the EU and lower trade restrictions with the
EU members in order to get back pre-Brexit trading volumes. This will help to bring back investments
to the country and will increase the demand for British pound. As a result of this, the national
currency rate will raise improving economic climate in the country.

Source: https://www.thebalance.com/brexit-consequences-4062999]]> 2021-09-15 07:56:15 UTC https://padlet.com/jackrizzottimoscow/fvy3gf381ajhp72d/wish/1742029735 Aftermath of Brexit (Aliya Allakhverdieva) aliya152004 https://padlet.com/jackrizzottimoscow/fvy3gf381ajhp72d/wish/1749501036 There is no doubt that Brexit became a cause of massive changes in the economy of both the UK and European Union. All possible consequences were even more reinforced by Covid restrictions. Now let us dig into more specific economic problems that were provoked by Brexit.

I presume there is no secret that Brexit affected the world in many different ways: politically, socially and especially economically. It is worth mentioning that even today newsletter never let people forget about courageous decision of Theresa May’s parliament. For instance, this month british CPI is 3.2%, which is nearly the highest record in the history of island. Today «The Guardian» made an announcement that UK trade with EU falls sharply. The value of goods exported to EU countries has decreased by 1.7 billion pounds since July 2018. Honda factory closed after making 3.7 million cars and BBC assumes that happened exactly because of Brexit. Overall, 61% of firms in the UK experienced at least one issue relating to Brexit. High-tech companies such as aerospace, are predicted to be hit hardest as their competitiveness in foreign markets declines. I used to listen to Times radio every day in winter and they discussed a huge problem about… fishing, as the UK always made a huge profit out of cathing fish on their side of the Channel. The details are still being discussed.

In conclusion, scientists believe that real Brexit consequences are only yet to be experienced. There is a huge list of problems caused by Britain decision.

]]> 2021-09-17 19:27:47 UTC https://padlet.com/jackrizzottimoscow/fvy3gf381ajhp72d/wish/1749501036 The consequences of Brexit. Qowo https://padlet.com/jackrizzottimoscow/fvy3gf381ajhp72d/wish/1749656580 I suppose that everyone knows that not a long time ago Britain made a serious decision and left the EU. Of course, it was very strong move, which affected Britain and Europe. Let's briefly discuss what problems occurred after this event.
We need to mention that consequences for public administrations, businesses and citizens were unavoidable.The new rules led to the fact that 17% of companies have ceased their export trade with Great Britain altogether, 22% intend to change to suppliers from other countries and a further 13% intend to replace imports using local suppliers. All these factors changed economic situation in Europe. Moreover, it influenced the political ares too as some countries lost the value of such relationship. But despite the formal agreements, relations have continued to be strained. London and Brussels have continued diplomatic representation, coronavirus vaccine export and above all, new arrangements for Northern Ireland.
From my point of view, there are many problems connected to Brexit. Anyway, Britain will be able to recover.To gain the power that was before there have to be less boundaries and more economic development inside the country.
https://www.thetimes.co.uk/article/a-brexit-headwind-the-uk-recovery-could-do-without-fl8php0d0]]> 2021-09-17 21:39:22 UTC https://padlet.com/jackrizzottimoscow/fvy3gf381ajhp72d/wish/1749656580 Brexit hit the UK economy hard. (Dmitry Zlobin) ZlobinDmitry https://padlet.com/jackrizzottimoscow/fvy3gf381ajhp72d/wish/1749657906 When talking about brexit, there are many opinions about its results. Some believe that it wents to the economy and development of the country for the benefit, and some that it was a wrong step. This topic is worth discussing.

In my opinion, this was the wrong decision to leave the European Union. First, it caused severe inflation. “We find that the Brexit vote increased CPI inflation by 1.7 percentage points in the year following the referendum.”

The next important factor was the outflow of global corporations from London. This happened due to the fact that foreign companies lost the advantages that England's participation in the European Union gave. “Following the Brexit referendum, many companies shifted assets, offices, or businesses operations out of Britain and to continental Europe. By the beginning of April 2019, banks had transferred more than US$1 trillion out of Britain, and asset management and insurance companies transferred US$130 billion out of Britain.” Many Britons have lost their jobs because their employers simply left. It also hit the British economy.

The third factor I would like to point out is the complication of trading. Previously, British entrepreneurs could easily sell their goods in the European Union, but now they have to pay huge duties and taxes. The transportation of goods has also become more complicated, because now the goods are subject to much more inspection and control than before.

In my opinion, it will take Britain many years to return to the previous level. Leaving the European Union set the country back many years. For Britain to regain its former economic strength, it is necessary to attract new investors to the country who will be strongly interested in strengthening England.

In conclusion, I would like to say that Britain can recover from the economic blow caused by Brexit. This will take a long time and a lot of effort, but it is possible.

Sources:

]]> 2021-09-17 21:40:51 UTC https://padlet.com/jackrizzottimoscow/fvy3gf381ajhp72d/wish/1749657906 Fedor krivenok. The consequences of Brexit fedya200327 https://padlet.com/jackrizzottimoscow/fvy3gf381ajhp72d/wish/1750314062 The United Kingdom left the European Union in 31/1/20. Britain's membership has lasted for 47 years since 1973.
Despite new additional exclusive conditions of Britain's membership in EU, which were agreed in 2016, 51.9% voted for leaving the European Union.
In my opinion, Britain is quite strong country and in future it will definitely recover. Also, the consequences aren't so huge. The most damaged parts of UK's export were seafood (80% decrease) and meat (50%). From the other side, for the first time quantity of tourists increased and it helped to steady some parts of UK's economy.
Moreover, Britain toughened the entry of foreign citizens. There are a lot of foreign companies in the UK and this new entry rule concerned them, especially their workers.
Moving onto the Britain's ecomomic power, I think that the only thing this country needs is to give more bonuses to the foreign companies (to become some kind like Singapore or the Silicone Valley).
In conclusion I want to ephasise that Brexit is one of the most significant things ever happend with the UK. Britain is a really strong country. So, in future it will definitely solve all the problems and become one of the strongest economy country again.]]> 2021-09-18 11:57:43 UTC https://padlet.com/jackrizzottimoscow/fvy3gf381ajhp72d/wish/1750314062