There could be grave consequences for the UK economy in the long run after leaving the European Union (EU), as it stumbles from one political-economic crisis to another. Prime Minister, Theresa May has failed to garner the required support in parliament for a proposed deal, leaving the country on the verge of a no-deal Brexit. The situation has been complicated even further with the passage of several votes in the parliament in January. This article will discuss some key questions regarding the current state of Brexit, potential outcomes, and their respective impacts on Sri Lanka.
This article highlights the implications of Britain’s vote to leave the EU, following a tense referendum, not only in the UK but also in rest of the countries.