How UK Exit from EU Influence UK’s Economy

Abstract

After the UK officially leaves the European Union in 2021, some regulations have come into force, which has greatly impacted the UK economy. This study adopts a quantitative research method from six aspects: import, export, exchange rate, GDP, inflation, and unemployment rate. Conducted comparative analysis of the impact of Brexit on the British economy. The conclusion is that Brexit has brought different degrees of negative effects on the six levels of the British economy. In the short term, the UK's imports and exports decreased, the currency depreciated, the GDP declined, and the unemployment rate increased.