Originally Posted by
Tonus
Apologize if this has already been covered in the previous 480 pages, but why is this a big deal? I mean US stock markets fell like 3% Friday, its worst day since 2011!
From what I can tell the withdrawal means:
1. Britain can now tighten its immigration restrictions.
2. Potentially renegotiate trade agreements, my assumption is they won't because they're so tightly integrated already.
3. Doesn't have to contribute to the EU anymore, which is basically a net wash because they get a fair amount back in benefits.
So really, the only impact is on immigration, and currently net immigration was only positive 300k last year (.5% of the population), and half of all immigrants already came from outside the EU, so even that impact seems small.
What am I missing?