Many believed by leaving the European Union that Britain would turn into a catastrophe. Higher taxes, more austerity, and a loss of jobs were all expected after leaving the European Union. With Britain having to cut trade deals, they would have to use tariffs, which led to the price drop in the pound. This in turn would lead to a price drop in homes, which many would appreciate. Another benefit for Britain would be that the Bank of England considering raising the interest rate due to inflation. Although it would be more expensive to pay loans and mortgages, people that save would highly appreciate the interest raise. Another complaint from Britain was that they were being charged billion of pounds for memberships fees and were getting very little back. Basically, the initial step of leaving would hurt the economy for Britain, but as more time passes the economy will make …show more content…
By Britain leaving, it represented confidence in the principle of national self-determination and proved reform was possible. Many people believed that they were just showing there nativism by looking out of the country because of the large amount of terrorist attacks, but others defined it as racism because they wanted to deny people access based on their appearance or religion. I believe the United States does need a way to better track the terrorists so that all these attacks are not happening, but I don’t think that means all people of different cultures should be banned from the United States. Not all people are bad, but we do need to be on the lookout so that the United States can be as safe as possible for