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What is the advantage and disadvantage for uk leave eu in short term and long term?

What is the advantage and disadvantage for uk leave eu in short term and long term?
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Answer #1

After discussions and several oppositions from senior figures, UK has announced to leave the EU in March 2019.

Advantages and disadvantages of UK leaving EU:

Membership costs:

UK will save the contributions for membership fee. UK contributes in billion pounds towards this costs. Leaving UK will save this contribution for UK.

Outstanding Bills:

Before leaving EU, UK has to settle the outstanding bills.

Losing Trade:

Because of Brexit, UK may lose trade and loses GDP.

Financial status:

UK may lose its status as one of the largest financial centres.

VAT burden:

UK companies have to face VAT burden after Brexit.

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