Brexit is a prevalent word preferred for soon-to-be pulling out of United Kingdom (UK) from the European Union (EU).
In accordance with the ballot held on June 23, 2016 in UK more than 50% of people entitled to vote in UK to leave the EU and remaining chosen UK to remain as the member of the EU.
Those who voted for UK to leave EU are called "Leavers" and others referred to as "Remainers".
Why UK wishes a divorce with EU?
Its's unlimited an ideology which supports "Let's take back control", arguing that Britain will be at liberty to emphasize on its will once not functioning through the EU in other words Britain will be self-controlled and there will be a significant reduction in immigration. Contrary to it the group of people not in favor of Brexit supposed that by engaging with the EU, Britain has more power than that it would after saying good-bye to EU.
What has happened to the UK Economy since the Brexit vote?
Ex-Prime Minister of UK numerous other high-ranking figures who are in the favor to stay in the EU Forecast an instant Economical and Financial crunches which is true to some extent as after the very next day of referendum pound felled down and remains around 10% lower against the dollar and 15% lesser against the Euro.
In due course, UK's growth has slowed so far in 2017, but somehow or the other economy is still escalating, inflation has climbed up but un employment has continued to drop.
Will I need visa to travel the EU?
Moreover UK's regime is having a desire to keep Visa-free travel to the UK for EU visitors after Brexit and expecting that this will be reciprocated. As a result of which UK inhabitants continue to travel EU countries for short period without authorities approval. However visitors from EU countries if wants to work, study or settle in the UK they would have to apply for the authorization.
Will immigration be cut?
Yes, the Leavers wanted to see a reduction in immigration which eventually will cause a trouble for UK.
Leavers gusto for Brexit let their attention to skip the major fact that migrants pay more tax comparatively the benefits they take.
Though, the UK has not really left the EU hitherto, but Europeans are already departing from Britain which in fact is not in the favor of the UK Economy.
Farhat Parveen is Digital Marketing Consultant associated with PNTGlobal.com, HQLinen.com.au, CottonAffairs.com, ATMS.com.pk, EssentialBeards.com