Brexit Analysis: The Cost

Brexit keeps meaning Brexit, and as the negotiations continue we are starting to see the costs of our pending departure from the EU. So for this Installment of Brexit Analysis, We will be looking at the cost of leaving the EU. Not just monetary cost but other factors

Trading

During the campaign, Vote Leave told the population that we would be making new trade deals with the EU and the world. Although nothing has come about so far, the future doesn’t look so good for the UK, as negotiations have stalled and we’ve yet to cement any deals with any countries.

Our Working relationship with Europol  

In light of our current position in the negotiations, The UK could be removed from the European Agency for Law Enforcement Cooperation or Europol. Michel Barnier, the chief negotiator for the EU has accused the UK of “abandoning the defence of Europe at a time when it should be standing “shoulder to shoulder” with its neighbours in the EU. Despite this, the UK wishes to retain membership of Europol, even though at this time the relationship is starting to become damaged.

The Cost 
As the UK is leaving the EU, we have to pay some sort of fee to leave, the fee will more than likely cover budgets post-Brexit, the currently reported amount we could be paying to the EU could be €55 billion or approximately £48 Billion. which is completely over the “£350 million we spend a week on the EU”

With all that in mind, What is the real cost of leaving?  Tell me what you think in the comments below.
For Journaling Thoughts, I’m Jordan Dodds

Sources: BBC news The Independent, CNN money, and The Guardian

Author: Jordan Dodds

Lead Author and Owner of Journaling Thoughts, Journalism Student at Sunderland University follow on twitter @its_jordandodds