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Brexit Referendum - Boon or Bane?

June 2016, 10
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"Should the United Kingdom remain a member of the European Union or leave the European Union?"  Brexit – EU’s abbreviation for Britain Exit, is likely to happen after elections due on 23rd of June. The biggest concern is the effect this can have on the economy of Britain, the EU, and the world.

An emergency budget, following Brexit, would lead to the decrease in public expenditure and increase in taxes. 

As the unemployment rate is 5.1%, the intake of the number of candidates overseas will reduce drastically.

Stocks in British companies will drop whereas bonds will rise. British pound sterling will plunge further. Britain’s exporters might not have the same privileges in the European market if they leave the EU. This could result in businesses relocating to other European Union countries.

However, Brexit would result in a complete power of the country, without the influence the EU in the legislature, regaining complete sovereignty.

Prime Minster of Britain, David Cameron stated: "It is time for the British people to have their say. It is time to settle this European question in British politics."

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