THE ECONOMIC CONSEQUENCES OF BREXIT ON UNITED KINGDOM IN THE POST-BREXIT ERA

Abstract

The study examined the economic consequences of Brexit on United Kingdom in the post-Brexit era. However, the withdrawal of the UK from the European Union presents challenges and opportunities for the UK. The study was aimed at examining the economic consequences of Brexit on United Kingdom in a post-Brexit era. The theoretical framework adopted for the study was the theory of inter-governmentalism. The theory assumed that states or governments are the central actors in international politics and they are rational actors. The study found that the decision of the United Kingdom to leave the European Union (EU) has had some significant economic consequences for the UK. These consequences have been felt in various aspects of the economy including trade and investment, migration and general economic growth etc. The study recommends the need for UK government to strengthen economic relations with other non-EU member states to help mitigate the impact of her withdrawal from EU. This is important owing to the fact that no nation is an island. Strengthening economic relations with other countries will help attract more economic opportunities to the country.