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Question
Dear Pallas

What will be the Impact on UK Economy after UK has left the European Union?.

Thanks
Prashant

Answer
Thank you for your query.  I believe it will be positive.  The UK's economy,  in my opinion is quite independent from Europe.  The burden on new immigrants will be lighter and some people may have to leave.  All in all, the UK is not going to feel a shock. Remember that they are not part of the Euro and their fiscal policy is theirs.  This was a move that came as no surprise. Historically, most of these type of arrangements/common markets end up dissolved.  Let's wait and see. More may follow.

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Pallas21

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I will be happy to answer questions related to applied economics. i.e. economics applied to small businesses and on our day to day existence.

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over 25 years of experience in economics, both as an academic and in the field.

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