Brexit is an abbreviation of the “British exit.” This word refers to the chances of withdrawing Britain from the European Union (EU). Below mentioned is the list of how Brexit could affect you:

Different ways of Brexit affection

1. Fruits and Vegetable quantity may change in your shopping basket:

Different variety of fresh fruits and vegetables which we see in the market comes from the EU. If we look at them in the ratio, then 30% of these fruits and vegetables are coming from there. So the very first thing is that these items can become scarce or much expensive in the future. There will not be a huge variety of these items, as well.

2. Price of Electricity and Gas can be increased:

The price of Electricity and Gas can go up as compared to the current prices. This is all because of a fall in the value of a pound against the Euro as well as a result of cutting out the ties with the energy markets of the EU. Brexit could leave the UK short in the energy.

3. Medication will become more expensive:

There is no doubt in it that fluctuation in medicine supplies does take place at regular intervals, but there are chances that Brexit could make all such shortages even worse.

4. Price of Importing goods from EU may get more expensive:

Being a member of the EU, there are firms in the UK that don’t pay extra duties or taxes on imported goods, but after a no-deal Brexit, new rules will be applied, and they will be the same for the UK as for rest of the world.

5. Price of Houses could also be affected:

The Brexit process is also causing a slowdown in the housing market and due to which price could become more of all the already available houses.

6. Students could face a period of uncertainty:

Students who are from the UK and studying in the EU and vice versa have huge chances that their studies and degrees could be affected, and it could also cause a delay.

7. Motorways could see extra delays:

Some of the ports and Motorways which are under-construction could be affected, and their construction could also be delayed due to the Brexit, and because of all this traffic will be affected greatly.

8. All the citizens of the EU should apply for a settles status:

The government of the UK made an agreement with the EU as well as with Iceland, Norway, and Switzerland that they will surely protect the rights of all the living people and families who are in the UK.

9. Extra measures to be taken while traveling to Europe:

While traveling to the EU, make sure to have your complete documents with you, or else it can be of many problems for you. Make sure to check your passport, visa, ticket and bank cards.

10. All the UK nationals living abroad must take extra precautions:

As a result of no deal, this would also make this thing sure that all the people living there would have continued access to education, healthcare, pension, along with other services.

Summary of Brexit Could Affect You

In that article, there is a comprehensive discussion on the Brexit that will become the reason of affecting us. If we look at them in the ratio, then 30% of these fruits and vegetables are coming from there. The price of Electricity and Gas can go up as compared to the current prices. There are chances that Brexit could make all such shortages even worse Brexit process is also causing a slowdown in the housing market and due to which price could become more of all the already available houses.

References of Brexit Could Affect You

Darvas, Z. (2019) ‘EU budget implications of a no-deal Brexit’, Bruegel Blog, forthcoming

Darvas, Z., K. Efstathiou and I. Goncalves Raposo (2017) ‘Divorce settlement or leaving the club? A breakdown of the Brexit bill’, Working Paper 03/2017, Bruegel

European Commission (2018) ‘Preparing for the withdrawal of the United Kingdom from the European Union on 30 March 2019: a Contingency Action Plan’, Communication COM(2018) 880 final

German Council of Economic Experts (2018) Annual Report 2018-19/Jahresgutachten 2018-19, Sachverständigenrat