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What are the economic consequences of Brexit?
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The economic consequences of Brexit are likely to be significant. One potential consequence is the potential disruption to trade and investment between the United Kingdom and the European Union. The UK's access to the single market and the customs union may be seriously affected, leading to increased costs for both importing and exporting goods and services. This could lead to rising prices for consumers in the UK and a potentially weaker economic outlook. In addition, regulations governing social, economic and environmental policies may no longer apply, leading to a less regulated market. This could have significant implications for business in terms of competition and innovation, as well as potentially less attractive conditions for firms seeking to invest in the UK.