The British pound has decreased over the last years since Brexit was voted in. Since the EU referendum in 2016 the value of the pound has decrease by 12% against the Euro, and also 5% against the American Dollar. This is bad for English residents because it means that they can get less for their money now. The IMF (International Monetary Fund) has said back in February 2016 the pound was “Moderately” overvalued by 5% to 15%. The bank of England agreed with the IMF that the pound was over valued.

Having  a weaker pound will mean that people who are abroad who buy products from the UK will be cheaper for them, and more expensive for people in the UK wanting to buy products from abroad.

If the UK don’t agree a new deal to the one that they have in place then it will result in a loss of at least £4.3 Billion per year. It will mean that if the UK businesses want to gain a competitive edge by lowering prices, it will result in them receiving a lower amount of profits.

Ever since brexit was agreed the number of migrants looking for jobs outside the UK has spiked up. The UK’s employment rate has increased by 6.5% due to recession. This number equates to around 500,000.

Leaving the EU will enable the UK to start up trade deals all around the world. Countries such as China and Australia are already to pursue new trade deals with the UK.

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Good company in a journey makes the way seem shorter. — Izaak Walton