What did the UK lose after the Brexit vote?
The UK enjoyed various benefits as a member of the EU. The country was able to trade with other EU members without any duties or quotas. Also, the freedom of movement of people allowed the country to access affordable labor and other services. As such, Brexit has a significant impact on trade for both the EU and the UK. There specific sectors that will significantly be affected by this move such as processed foods, automobile, and electronic equipment industries. The UK’s service sector is also greatly affected by the move which is a negative impact since the industry contributes 80% of the country’s economy.