Global Banking College ECO4012: Brexit's Impact on UK Living Standards

This report provides a comprehensive macroeconomic analysis of Brexit's impact on the living standards of the United Kingdom. It begins with an introduction to the European Union and the context surrounding the Brexit referendum, highlighting key events and motivations. The main body of the report delves into economic policy analysis, outlining and evaluating both the favorable and unfavorable impacts of Brexit on UK living standards. It examines factors such as trade deals, immigration, monetary issues, and the effects on employment and economic growth. The report discusses the advantages of Brexit, such as increased trade freedom and reduced membership fees, alongside disadvantages like trade disruptions and unemployment. The analysis includes the transition period, post-Brexit trade deals, and the overall consequences of Brexit on the UK economy. The report concludes with recommendations and a summary of the findings, providing a detailed overview of the complex economic implications of Brexit on the UK.