CONSEQUENCES OF BREXIT FOR THE PROSPECTS OF THE UK-EU RELATIONS

  • M. V. Fesenko of the Institute of World History of the National Academy of Sciences of Ukraine
  • V. V. Mukha National Academy for Public Administration under the President of Ukraine

Abstract

The article analyzes the main consequences of Brexit for socio-economic and political development of the UK and the EU. The issues of British identity, security, migration crisis, as well as the financial and economic crisis have turned to be the key factors that have, in some ways, led to the Brexit referendum and its results. Brexit means a crisis of a single European identity, European integrity and unity. The United Kingdom joined the EEC and then the EU on special terms, which it consistently defended in the future, staying away from most of integration processes. Brexit has political and socio-economic consequences for the development of both the UK and the EU. A drop in GDP and in the pound sterling rate, rising unemployment, the outflow of migrants, real estate crash may be the possible consequences of Brexit. A further fragmentation within Britain itself can also be the consequence of Brexit. In London today, there are many contradictions in relations with Scotland, Wales and Northern Ireland, and the unity of the autonomous regions of Great Britain may be threatened by the strengthening of nationalist movement there. Today, Brexit is considered to be an irrational event that occurred due to a combination of factors and circumstances. Britain is the only country where the ruling party raised the question of EU membership. In other EU countries, similar proposals do not come from the majority parties, but from the semi-marginal far-right ones. Brexit has revealed a deep rift in British society on regional, age, social, educational and in general on a class basis. Negotiations on the terms of
Actual problems of international relations. Release 146. 2021
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Brexit were tough and the possibility of Brexit without an agreement was not ruled out. With the exit of the UK, the EU loses its second union economy and the EU budget revenues will be significantly reduced. The rupture of economic ties with the UK will have a mirror effect on EU countries and their businesses. Key words: Brexit, EU, Great Britain, Referendum, Economy, Politics, Law, Eurozone.

Author Biographies

M. V. Fesenko , of the Institute of World History of the National Academy of Sciences of Ukraine

 Doctor of Political Sciences, Senior Research Fellow, Leading Research Fellow 

V. V. Mukha , National Academy for Public Administration under the President of Ukraine

PhD Student 

Published
2021-07-09