Brexit Was a Huge Mistake — Four Reasons Brexit is Destroying the UK
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I once wanted to study in the United Kingdom. I applied to Oxford University and Edinburgh University after finishing my undergraduate degree at UBC Okanagan, in British Columbia, Canada. I was denied at Oxford but accepted to Edinburgh.
Ultimately, I decided to go to McGill University because the UK just left the European Union, meaning I would have to pay approximately $40,000 (Canadian) for the year at Edinburgh just for tuition.
Many others across the EU felt similarly. The past two years have seen a drastic drop of EU students to the UK. Everything from trade to investment have also been affected.
Brexit has gone horribly. Here are four fundamental reasons why. Isolationist policy seems to not be working out — and I’m here for it.
So, let’s get straight into the weeds.
Here are the four primary ways Brexit has not worked out for Boris Johnson, Rishi Sunak, and the rest of the proponents:
- Economic
- Political
- Social, and
- Legal.
I’ll discuss each in turn.
1. Economic Consequences
It is no secret that Brexit has caused significant economic uncertainty for both the UK and the EU, leading to a decline in investment, loss of jobs, and reduced trade.
The UK’s decision to leave the EU has correspondingly led to a decrease in economic growth and has caused significant damage to the UK’s economy.
2. Political Consequences
Secondly, Brexit has resulted in significant political instability, both in the UK and across Europe. The decision to leave the EU has led to a rise in nationalism and populism, which has had a negative impact on the stability of the region.
With a swift turnover of prime ministers, from Theresa May to Boris Johnson, Liz Truss, and now Rishi Sunak, no one seems to be able to deliver on the promises of Brexit. The conservatives in the UK have created quite the spectacle of themselves.