One of the economic issues that have made headlines in the recent past is the June 2016 referendum in which the UK voted to leave the EU economic bloc. The arguments for the move have been diverse ranging from the fact that UK was contributing to the EU budget and was not getting reasonable returns from the same, to the fact that EU was more socialist which limited the ability by the UK to forge ahead with development projects (Dorling and Danny i3697). The debate has exposed various microeconomic principles in play especially regarding the impact Brexit would have ...
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