In 2016 world has seen various
shocking events. Starting from the turkey coup
to Syria war to US presidential election, they have influenced the life of the people all over the world and policy
makers of various countries compel to change their strategies based on these
events. But undoubtedly one of the biggest news which shook people all over the
world is the News on UK exit from the
European Union. Since the inception of European Union Britain used to be
one of the major players in this league and thus they used to be the hub of
business and economic affairs for the EU as well. Not only that, some of the
other countries of the EU used to depend on them heavily as well. But with the
voting result from the UK public, the
scenario has changed drastically and Brexit is no more a dream for the English
it is now a fact and which will be effective within a few years of time.
Effects of the Brexit
As soon as the news of Brexit come into being not only the countries and business
conglomerates hard hit due to this fact but even other countries who are not
from this cartel also faced a lot of trouble as well. Earlier when you need to
do any business in the European Union then you can do that simply by setting up
an office in the UK but now with the News
on Brexit things are getting more difficult and critical for them. As the
UK will no longer be part of the union so now the companies have to maintain a separate office for both EU and the UK too. It will increase their
operating cost by manifold and thus they can even experience a decrease in
profit as well.
To read more news on brexit, News on UK exit from the European Union, visit the Fair Observer. or XReporters.
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