Macroeconomic Affect On Uk From Long Term And Short Term Sides

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On June 23, 2016, the United Kingdom holds The Brexit vote. The situation for the "stay in Europe" camp won 17,410,742 votes, "off the European" camp won 16,141,241 million votes; calculate as a percentage of 51.9% to 49.1%. And it will be reaching an agreement after 2 years even the time may be extended. The European process has aroused strong concern in the world, the results have also been the uproar of the world, a variety of evaluation and attention has been following consistently. Obviously, British economy will be changed; whether it is long-term or short-term, and there must also exit some advantages and drawbacks back this time of leave European. This essay will analyse macroeconomic affect on the UK from long-term and short-term…show more content…
All expenditure on goods and services by households and by non-profit institutions serving households may be not able to afford this situation deeply, thus consumption goes down obviously for short-term macroeconomic affect.

Tourism is an important part of the British economy and the third largest job creation industry in the country. On the UK’s tourism side, after 28 days of the referendum, the British airline flight booked than the same period last year increased by 4.3%. The increase from Hong Kong is 30.1%, 9.2% from the United States, and 5% from Europe. But, as the purchasing power of sterling fall, any imported items will be more expensive. In Britain, the prices of petroleum and food will rise further. British holidaymakers and travelers will feel the pressure slightly—they have to carry more pounds abroad. That must bring tourism profit to UK after Brexit in short-term economic.
Beside that, after Brexit, the number of investment (a large number of multinational companies) form overseas may be reconsidered in the UK investment scale, or even withdraw from the United Kingdom. International business and capital are favored by the United Kingdom that not only the market of 65 million people in the UK, but also has 500 million people in the EU market, the British and other EU member states close economic exchanges as well as. Brexit let British these advantages disappeared; the international manufacturers may relate to
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