"BREXIT`S" ECONOMIC EFFECTS ON THE EUROPEAN UNION

For the recent while there have been many opinions and analysis of the Brexit. As the voting date set by the UK’s government nears, information emerges as to what the European Union’s future could look like with and without the United Kingdom as well as what UK will be like with and without the EU. This article presents yet another authors opinion and analysis on the consequences of a Brexit for European Union and the British public. It analysis historical aspects of UK joining the EU in the first place, macroeconomic consequences and possible future perspectives. It has been proven that a vote for Brexit will have dire consequences for the UK’s economy. The EU in this case will be less impacted since the migration of businesses from the British isles continental Europe will soften the blow.