human
Explain to me the economic impacts of Brexit?
assistant
The economic impacts of Brexit are multi-faceted and complex. In the immediate aftermath of the referendum vote to leave the European Union, the British pound dropped significantly in value, leading to a fall in consumer spending and a decrease in the value of investments. Economic growth also suffered in the short-term. The effects of Brexit have also been felt in the UK's trade relations with other countries, as the UK has left the EU's single market and customs union. This has led to significant disruption to the movement of goods, people, and services between the UK and the EU. In addition, leaving the EU has meant the UK has had to renegotiate trade agreements, which has led to a significant decrease in exports to some countries, such as the US, Canada, and China. Furthermore, leaving the EU has meant that the UK is no longer entitled to the many economic benefits the EU provides, such as access to the single market and the EU's common agricultural policy subsidies. Overall, the economic impacts of Brexit are far-reaching and complex, and the full impacts may not be known for years to come.