General Discussion
In reply to the discussion: I can't help but think all of the angst over the UK/EU referendum is a bit overblown [View all]Recursion
(56,582 posts)1. Immigration will drop. This will hurt the entire British economy.
2. UK will have to come to the EU, the US, and really every single country in the world, bowler hat in hand, asking for a new trade agreement, and every one of us will know that they have a 2-year time limit on the negotiations, and they haven't had a trade representative or trade negotiation staff in decades so they'll be staffing that from scratch. How advantageous to the UK do you think those trade deals will wind up being?
3. Finance is a huge part of their economy and they're going to lose a lot to Frankfurt and/or Amsterdam.
Several more come to mind. Basically, despite what people scream online, trade is really, really good for the economy, and this makes trade harder.