Consequences of Brexit
According to the European Movement International these things can be clarified as the Consequences of Brexit. Economic Interdependence The UK is more economically dependent on the EU than vice versa; 12.6% of UK GDP is linked to exports to the EU, compared to only 3.1% of GDP generated from exports to the UK among the other 27 Member States. Overall, 60% of total UK trade is covered by EU membership and the preferential access it grants to 53 markets outside the EU. If TTIP and other currently negotiated trade deals succeed this could increase to 85%. In total, the seven most affected industries (financial services, automobile, chemicals/pharmaceuticals aerospace, machinery, food/beverages/tobacco, and professional services) employ 20.79% of the UK labour force. Another measure of EU-UK inter dependency is the 1.4 to 1.8 million UK nationals that live in other parts of the EU on a permanent basis. A trade-off between economic well-being and Immigration Estimates for