Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

How UK Exit from EU Influence UK’s Economy

Authors
Xinyu Hu1, *, Yangziqian Guo2
1Warwick International Foundation Programme (IFP), The University of Warwick, Coventry, CV4 7AL, UK,
2Greater Atlanta Christian School, Norcross, GA 30093, USA.
*Corresponding author. Email: Brady09064427@sina.com
Corresponding Author
Xinyu Hu
Available Online 26 March 2022.
DOI
10.2991/aebmr.k.220307.340How to use a DOI?
Keywords
Brexit; UK Economy; Inflation
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.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.340How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Xinyu Hu
AU  - Yangziqian Guo
PY  - 2022
DA  - 2022/03/26
TI  - How UK Exit from EU Influence UK’s Economy
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2070
EP  - 2077
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.340
DO  - 10.2991/aebmr.k.220307.340
ID  - Hu2022
ER  -