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Brexit: What were the better circumstances for the U.K. to leave the from E.U.? Explain on...

Brexit: What were the better circumstances for the U.K. to leave the from E.U.? Explain on 2 paragraphs-Provide 1 reference.

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Expert Solution

The UK decided to leave European Union that significantly affected the socio-economic perspectives of the entire European Union. It affected the micro economic scenario of the UK. UK failed to negotiate with a wide range of free trade opportunities with the European Union countries ("Official website of the European Union | European Union", 2020). The UK faces less red tape in their business dealings. The free trade opportunities almost stopped for the UK. However, there still better circumstances for the UK to leave from the EU.
The UK could have stopped free transit for tourism purpose and could have encouraged only free trade with the EU. It could have satisfied business demand of the UK without affecting its economic structure or increasing its migrant population. It could be considered as soft Brexit where the UK could still have gotten trade license to deal in the EU ("Official website of the European Union | European Union", 2020). Moreover, the UK could limit inward migration. Instead, the country could influence free trade trip.


Reference
Official website of the European Union | European Union. (2020).


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