Brexit: Your Free Essay Examples and Topics at EduZaurus.
So far the essay has focused on the consequences for the UK, nevertheless the implications of the Brexit referendum cannot be restricted to the UK (Charter, 2016). Prior to the referendum, it was feared that the Brexit could create a precedent for many other EU countries and catalyse the dissolution of the EU (Merritt, 2016). Fortunately, this has not happened yet, but there is an impending.
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The Treasury’s analysis suggests that Brexit would lead to a long-run fall in UK GDP of 3.8% under the Norway option, 6.2% under the Canada option and 7.5% under the WTO option. But how did the Whitehall mandarins calculate these numbers? And should we believe them? Roadmap to the Treasury analysis The Treasury studies the long-run effects of Brexit using a three-step process: Step 1: how.
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