Economic Reasons for the Decision to Leave Britain from the European Economic Community

Abstract

Britain has been described as a strange partner, because it refused to integrate into the monetary union in its national currency. It is the reason for the difference in the economic cycles with the countries of the European Monetary Union, and after the success of the last referendum to exit the economic union by 52%. It turned out that the decision to leave the European Economic Community it has significant economic losses. The study aimed to know the economic results of the decision to exit Britain from the European Economic Community, assuming that there are positive effects of the decision to exit the European Economic Community. The results of the study are consistent with the results of previous studies and different with the hypothesis. The analytical side demonstrated by the graphs and the general trend line as well as the standard side showed that the results of the standard aspect of the monetary and real model showed its significance before the decision to exit better than the models after the exit decision