Suggestion And Recommendation

We observe that the decision of Britain leaving EU has always have a two-sided argument. With stagnation and sovereignty at stake some might claim that it is a right decision. But on the other hand, the various economic impacts ranging from effect on trade, labor and industries might be a contention for discourse. We estimate that the future of the Britain's economy is uncertain, but not looking bright. They might no longer be in relation with the 27 other countries that can boost their economy, and lend them money whenever it is needed. As of now, the UK could most likely try to negotiate an agreement that allows them access to the EU's single market without tariff and market barriers. In fact, we call this the Norway option, because it is the same deal that Norway has with the Union, even though they were never a part of it. In summary, Brexit might be highly risky decision on economic aspects for Britain. Finally, for greater interest of Great Britain, UK shouldn't leave the EU, or they can make a deal with EU and go for a soft exit agreement with the EU. Therefore, we recommend the following suggestions:

  1. UK should do some solid deals with EU so that no one is badly affected for long term.
  2. There should be a rethink of revised 2nd Referendum.
  3. They should carefully think about soft Brexit and take the decision more practically.
  4. Northern Ireland border should remain open.
  5. Single Market could be continued to compete the global market.
  6. UK should give the opportunity to skilled workers for their jobs and business incentives in UK.
  7. We suggest that the North-South Ministerial Council (NSMC) could have a role in finding a feasible solution to the deadlock over the Irish border. In fact, the new arrangements to deal with cross-border trade after Brexit could involve the NSMC.