Impacts of Brexit on UK and EU

This study is concluded as the Brexit will have its impacts on UK and EU. It is concluded that UK will be affected politically and economically by the Brexit more than the EU. There are impacts of Brexit on UK in terms of politics and economy. The domestic politics of UK has been affected very much the Brexit since the referendum. The political parties have been divided and the parliament is also divided. Subsequently, there is a divide in British public.The UK’s economy has already been affected in a negative way. The FDI has been declined by 19%. UK’s currency value has been decreased. The growth in UK’s property market has also been affected and property prices declined. These are the immediate impacts of Brexit and there are certain potential impacts which will be tangible after Brexit. UK has to find new ways for trade tariffs after Brexit. The people’s opinion is necessary to end the chaos. Now, the people have better understanding of Brexit and UK. Remaining in the EU is a good option for UK to avoid the economic downfall and more serious issues like the Irish issue.