Brexit Analysis: Economic, Social, and Political Consequences in UK

This report delves into the multifaceted implications of Brexit, examining the United Kingdom's withdrawal from the European Union. It explores the historical context of UK's membership, the process of leaving, and the subsequent effects on various sectors. The report analyzes the impact on agriculture, trade, and taxation, particularly focusing on the economic anxieties of individuals earning less than £26,000 and the political instability resulting from the decision. It also discusses the effects on minority ethnic groups, the challenges to parliamentary sovereignty, and the potential for future regret. The report concludes by summarizing the overall effects of Brexit, highlighting both positive and negative aspects, and emphasizing the long-term consequences for the UK.

Individual Report

TABLE OF CONTENTS
Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Brexit refers to the withdrawal of United Kingdom from the European Union after having 47
years of member state with European Union. United Kingdom is first country that left to
European Union (McGee, 2021). In this report discussed about UK join to EU, How UK left to
Brexit, Agro culture of United Kingdom, analyse why people panic who earn less than £26.000
and want to leave UK political and ethnic value, reasons why UK regret one day after Brexit, its
parliament sovereignty in the UK and opinions about UK will regret Brexit .
MAIN BODY
United Kingdom is a member of European Union and precursor of the European
communities that is principally European Economic Community from the 1973 until the year
2020. Foundation of European Economic Community, UK is an important neighbour and leading
in the membership state until the Brexit that is ended after 47 years of membership. The
accession of UK with the European Union is a collective agreement for the European coal and
steel community (ECSC), European Atomic Energy community (EAEC) and also with the
European Economic Community (EEC). All these are took place after 1973 and all this accession
treaty was signed in 1972 by Prime Minister Edward Heath and pursued these applications since
1950s to EEC. UK is the first country that establishes delegation with the ECSC in 1952 and also
first country that signed the association agreement with community in 1954. Parliament’s
European Communities Act 1972 was acted in the October of 1972 and instrument of UK’s is
ratification deposited and letting the membership of United Kingdom with the European
communities affected in 1973.
United Kingdom decided to leave the European Union after the elections held in December,
2019 and the parliament of British Parliament ratified with the withdrawal agreement and the
United Kingdom left to European Union on 31 December 2020. In that election where the
conservative who start the campaigned in the support of withdrawal that is revised agreement
that is led by Boris Johnson that won to the overall 80 seats and get success. After this election
United decided to left the European Union (Gudgin, and et.al., 2018) Withdrawal from European
Union is a legal and political process where member of European Union State ceases to the
Union member. As United Kingdom is an only member that left to the Brexit. This process is
begin when UK government triggered to the Article 50 and begins to withdraw from European
Union in 2017. This Withdrawal is schedule with Law to occur in 2019. With this law UK
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sought and granted by number of Article 50 until to the January 2020 by the parliament of
European. United Kingdom left Brexit after the membership of 47 years (Hardaker, 2018).
Treaty of European states that if any member wants to withdraw and left the European Union
with the accordance of their own requirements of constitutionals.
With the Withdrawal of UK with EU it is a biggest shakeup for British agriculture in 40
years and requires the regular monitoring and report to MP’s outlining with supply sources and
have expenditure on household on food and also build confidence to customers towards food
safety. Post the Brexit quarter of food in UK came from European Union and now the taxes is
imposed on the trade and the rates of this food items is get high and affect to the economy of
country. Other changes that affected with strong emphasis on agriculture soil that have risk for
overuse, erosion etc. and farmer receives the help to maintain the quality of soil and
improvement in movement of livestock in between the farms. After the Brexit it is power to
regulate the use of fertilizers and organic farming. Now the demands of Farmer in the UK is
increased and have demand to grew as much possible to improve their quality of life of people in
UK and sell them at low process as compare to other countries. Also key demand of farmers is to
undercut the imports to cheap from US and Asia by lowering to food safety and regulations of
animal welfare. Organic farmers are also concerned by go far enough to tackle climate and
countries ecological emergencies.
People of UK that earn less than £26,000 panic and want to leave UK as they have to pay
the taxes like Income tax that of £3900, national insurance of £2250 and employer National
income of £2610. If that people don’t pay those taxes than they have to pay more funds that are
available to pay higher wages and want to employ more people (MacClancy, 2019). Government
of UK have take £8765 every year to the person that have earn £26,000. People will feel thrilled
to earn £26000 a year. For this reason people panic and feel to leave UK as they have to pay lots
of taxes and they can’t secure their earning and have and not enough to spend on expenditure.
These affected to the people in earning of that much of amount to £26000 and pay that much of
taxes every year. Taxes they have to pay creates negative impact to them and they can’t spend
much on their expenditure from their earning so they want to leave United Kingdom and want to
settle in another country.
Political stability of United Kingdom affected with the exit of European Union
membership with UK. The policies, laws and rules are changed for countries after the Brexit and
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it creates a lot of impact on country’s population. As before the Brexit EU is a biggest trading
partner of country and knows different trading partners are to be identified for trade of different
materials in country. Political stability of UK is affected. After the Brexit major affect on United
Kingdom to their minority ethnic that affected negatively to their progression and their earnings
that remains to 16 percent to their counterparts (Smart, and Harrison, 2017). With the increasing
of popularity of far rights affected and arguable to open all the warms and discrimination against
the group of minority in United Kingdom.
Leaving to European Union is affected to United Kingdom in future and get regret as to
be a part of European Union it is affected to country in every aspects, as to be a part of European
Union imports and export between different members state is free and exempt from the tariffs
and barriers and now it is difficult for United Kingdom for trade with other countries without
paying tariffs and several barriers came during the trade. Pre- Brexit UK has status in worlds
biggest financial center and have financial firm based in UK have lose their pass porting rights
that helps them to work freely across many continents. Sovereignty To be with EU many peoples
of United Kingdom have employed and have jobs and after this lot of people get unemployed
and its challenging for UK to get employed to those people who are unemployed after Brexit. It
is claimed that around three million jobs would lost in Britain and it is the most challenging for
United Kingdom government. This directly affected to the economic condition of United
Kingdom and in future country regrets to leave the European Union and affected to their
economy and increases to unemployment rates in United Kingdom.
Great Britain is prepared to withdrawal from European Union and parliamentary
Sovereignty will restored of the UK as it is not a part of European Union and new laws,
regulations and rules are set by parliament Sovereignty of UK that help to grow the economy of
United Kingdom. After the Brexit parliament has to bind with its successors and become self
embracing that is totally opposite to EU laws (Schmidt, 2020). As from 47 years UK is
surrounded with EU laws and a heavy transition is take place in parliament and makes laws.
Parliamentary sovereignty is an principle of constitution of United Kingdom and that makes all
the legal authority in the United Kingdom. After Brexit all laws are change that helps to grow the
economy of United Kingdom. As UK will regret with the Brexit in future as it affected to its
economy a lot, with the withdrawal from European Union affects to the growth of country a lot.
As by leanving European Union where the members of European Union states will get exempt
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from barriers and tariffs of trade easily and can export or import of materials easily and now for
United Kingdom it is difficult to trade and have to pay high taxes for trade in countries and its
agro- culture also affected and it’s a great pressure on farmers to grow every food in the country
to protect from exports by paying high amount of tax for trade (Wellings, 2018).
CONCLUSION
From this report it inferred that Brexit affects a lot to United Kingdom, and the decisions of
leaving European Union is affected in both positive and negative aspects. People of United
Kingdom did a panic and want to leave UK those who earn £26,000 because they have to pay
high taxes and that affected to their living and not be able to do that much of expenditure. The
political stability of UK is affected and majorly minority ethnic affects with the Brexit. As in
future UK regrets to leave European Union because it affects to UK a lot.
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REFERENCES
Journals and books
Gudgin, G., and et.al., 2018. The macro-economic impact of Brexit: using the CBR macro-
economic model of the UK economy (UKMOD). Journal of Self-Governance and
Management Economics. 6(2). pp.7-49.
Hardaker, A., 2018. Is forestry really more profitable than upland farming? A historic and
present day farm level economic comparison of upland sheep farming and forestry in
the UK. Land Use Policy. 71. pp.98-120.
MacClancy, J., 2019. Before and beyond Brexit: political dimensions of UK lifestyle migration.
Journal of the Royal Anthropological Institute. 25(2). pp.368-389.
Schmidt, S.K., 2020. No match made in heaven. Parliamentary sovereignty, EU over-
constitutionalization and Brexit. Journal of European Public Policy. 27(5). pp.779-
794.
Smart, A. and Harrison, E., 2017. The under-representation of minority ethnic groups in UK
medical research. Ethnicity & health. 22(1). pp.65-82.
Wellings, B., 2018. Brexit and English identity. In The Routledge Handbook of the Politics of
Brexit (pp. 147-156). Routledge.
Online references
McGee, L., 2021. Five years after the Brexit vote, the United Kingdom is more divided than ever.
[Online]. Available through <https://edition.cnn.com/2021/06/23/uk/brexit-five-years-
on-analysis-intl-cmd/index.html>. [Accessed on 24 June, 2021].
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