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Voters in the United Kingdom have voted to leave the European Union. Here’s what implications Britain’s exit (or Brexit) from one of the world’s most powerful trading blocs will do to the British economy.

A national referendum was voted on June 23, 2016 to decide whether or not the United Kingdom should remain or leave the European Union. The EU functions as a single integrated economy for all European countries under this trading block. It also allows for a free movement of people within its member states which means that any EU citizen can live and work in any other EU country without a visa. And the UK’s high employment rate has drawn migrants from poorer countries in the EU like Poland or Lithuania.

Britain is Leaving the EU

The UK gets about about 500 people added to its population everyday. Since EU citizens have the freedom to live in any country they choose, leaving the EU is the only sure way to stem the flow of people.

UK Prime Minister David Cameron argued to stay in the EU. He negotiated new terms to the UK’s EU membership by offering reassurances for London’s financial industry and to restrict welfare payments to migrants. He said that a break-up from the EU will be an economic disaster for the UK. He said that a Brexit will create a decade long uncertainty for financial markets and investments in the country.

But a few days ago, millions of Britons have decided to leave the European Union, arguing that the EU has morphed from a free-trade zone into a super state that’s eating away Britain’s national sovereignty. Another reason why most Britons voted to leave the EU is that they resent migrants who came to “steal” their jobs. So now that Britain’s out, nobody really knows what’s going to happen to those EU migrants in the UK.

Analysts have called Britain’s exit from the EU as a huge blow to the dream of a United Europe.

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