Tuesday, July 5, 2016

Post Brexit Outcome & Adjustments Next

What happens next is a major question that the Brits face post-exit from the European Union. Instability and adjustment are the imperative that the economy may face. The pound sterling has already seen a downfall and banks easing regulations for lending subsequently.  This is after the Bank of England has infused about 150 pounds into the National economy.

After many years within the EU Britain decided to leave. This decision was due to immigration policies that the people of the UK did not favor. This was evident post-voting. Apart from economic uncertainty, there was significant political turmoil especially within the Conservative Party amidst those who favored separation. The major opposition, Labor Party experienced some trouble as well.    

Twenty-eight countries in Europe are tied to Article fifty after the departure procedure is confirmed there will be twenty-seven left. The UK will join Norway at the independent window. But only after the formality is commenced i.e letter to the European Council of intent to leave will the uncertainty evaporate. The effect so far has been catastrophic to some extent.            

In wake of Scotland's desire to remain within the EU things fell into the quagmire of total uncertainty since affirmative would be required from the Scottish Parliament albeit blocking cannot prevent the separation.     

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