The Aftermath of Brexit
Ethan Tominey
Ethan Tominey
In October 2016, the Primeminister of England, Theresa May, officially announced her plan to leave the EU, on March 37, 2017, Brexit was passed with a close 51.9% voting yes and a 48.1% voting no. Since then, a lot of things have been happening and a lot of things have been affected by Brexit.
Will Gun stated, “[Brexit would affect] some jobs in certain countries that haveestablished relationships with England [and other parts of Britain].” In an article by Kimberly Amadeo, she states, “A constraint on immigration would hurt the UK’s labor force.” Will goes on to state, “For the past while, we [United States] have been pretty close allies to them so it might be a little more tense between us Because we don't really have as much support between us, but I can definitely say it won't change the fact that we're allies.” While some of this is true, in an article by Kimberly Amadeo, she states, “ A weak pound also makes U.S. exports to the U.K. more expensive. The United States has an $18.9 billion trade surplus with the U.K. In 2018, it exported $141 billion while importing $122 billion. Brexit could turn this surplus into a deficit if a weak pound makes U.K. imports more competitive.” This means that prices for importing and exporting to and from Britain would increase.
While Brexit affected the rest of the world’s economy, Brexit also hit Britain’s economy,
Tristian Hurst stated, “[The Pound] will probably deflate because [Britain] is leaving the EU, and it will cause them to lose the support that their economy had from the EU,” but in an article from The Guardian, the author states, “Core inflation, which strips out volatile fuel costs, stayed at 1.7%, only marginally below the Bank of England’s target of 2%.”
Tristian goes on to state, “I believe there will be a decrease in government funding for a small amount of time because the government has to recover from the sudden decline in economy.” to back this up, a blog post from GOV.UK states, “UK organisations might no longer receive funding from EU programmers if the UK leaves the EU without a deal.”
Not only did Brexit affect Britain’s economy, it also affected the citizens. James Virkler stated, “I do not think it will affect Education levels at all more than just that it will not be more intertwined with learning about other countries’ histories.”According to Laura Bridgestock’s article on the effects of Brexit on students, this is true. She states, “ EU students commencing studies in the 2018/19 or 2019/20 academic year, fees and financial aid will remain the same as before the Brexit vote, regardless of when the UK actually leaves the union.” James then stated, “[Healthcare] might get privatized like America you know, yeah we'll have privatized Healthcare, commercial Healthcare.” In an article by Jonathan Holmes, Beccy Baird, and Helen McKenna, one of the authors state, “ UK citizens may have to provide proof of residency, proof of current or previous employment, enter a social insurance scheme, or take out private insurance to access health care services in the European Union after Brexit.” This means that the free healthcare that was provided by the UK’s government will be amended or taken away from the citizens.
If you want to learn more about Brexit or how it is affecting everyone, be sure to visit Kingsfund.org.uk to learn more.
Will Gun stated, “[Brexit would affect] some jobs in certain countries that haveestablished relationships with England [and other parts of Britain].” In an article by Kimberly Amadeo, she states, “A constraint on immigration would hurt the UK’s labor force.” Will goes on to state, “For the past while, we [United States] have been pretty close allies to them so it might be a little more tense between us Because we don't really have as much support between us, but I can definitely say it won't change the fact that we're allies.” While some of this is true, in an article by Kimberly Amadeo, she states, “ A weak pound also makes U.S. exports to the U.K. more expensive. The United States has an $18.9 billion trade surplus with the U.K. In 2018, it exported $141 billion while importing $122 billion. Brexit could turn this surplus into a deficit if a weak pound makes U.K. imports more competitive.” This means that prices for importing and exporting to and from Britain would increase.
While Brexit affected the rest of the world’s economy, Brexit also hit Britain’s economy,
Tristian Hurst stated, “[The Pound] will probably deflate because [Britain] is leaving the EU, and it will cause them to lose the support that their economy had from the EU,” but in an article from The Guardian, the author states, “Core inflation, which strips out volatile fuel costs, stayed at 1.7%, only marginally below the Bank of England’s target of 2%.”
Tristian goes on to state, “I believe there will be a decrease in government funding for a small amount of time because the government has to recover from the sudden decline in economy.” to back this up, a blog post from GOV.UK states, “UK organisations might no longer receive funding from EU programmers if the UK leaves the EU without a deal.”
Not only did Brexit affect Britain’s economy, it also affected the citizens. James Virkler stated, “I do not think it will affect Education levels at all more than just that it will not be more intertwined with learning about other countries’ histories.”According to Laura Bridgestock’s article on the effects of Brexit on students, this is true. She states, “ EU students commencing studies in the 2018/19 or 2019/20 academic year, fees and financial aid will remain the same as before the Brexit vote, regardless of when the UK actually leaves the union.” James then stated, “[Healthcare] might get privatized like America you know, yeah we'll have privatized Healthcare, commercial Healthcare.” In an article by Jonathan Holmes, Beccy Baird, and Helen McKenna, one of the authors state, “ UK citizens may have to provide proof of residency, proof of current or previous employment, enter a social insurance scheme, or take out private insurance to access health care services in the European Union after Brexit.” This means that the free healthcare that was provided by the UK’s government will be amended or taken away from the citizens.
If you want to learn more about Brexit or how it is affecting everyone, be sure to visit Kingsfund.org.uk to learn more.
