Such a remarkable event as Brexit sparks a lot of discussions. Some pundits assess its possible influence and some are keen to calculate possible losses of both sides. Specialists at Civitas think-tank concluded that companies of the European Union would lose 8 billion pounds more than their Britain’s business counterparts.
The specialists name the following factors. For example, EU companies could face 12.9 billion pounds in tariffs on goods coming to the UK, while UK firms would face 5.2 billion pounds in tariffs on goods being sold to the EU. In general, the British sentiment seems more optimistic than in the EU. According to the UK transport secretary, Chris Grayling, “Nobody in continental Europe benefits from a reduction in the ability to trade with the United Kingdom.” The official added, “This is why I have always been convinced that we will have tariff-free trade, we will have sensible trading arrangements, because it is in both of our interests that should happen.”
However, in reality the situation is not as rosy as British officials would like it to be. The Largest global banks plan to leave the country the next year. For the first time since 2009 the UK exited the top five countries attractive for investments. The Brexit would cost the country’s economy from 38 to 66 billion pounds a year for 15 years.
