Britain is a country popularly rich for Royalty and Heritage. The economic growth is no less as it stands in 6^th position in comparison to the whole economy. On 1^st January 1973 Britain entered the European Union. EU is a collaboration of 28 European countries and the main objective of EU is to create a global economy where every country can freely trade. But on 23^rd June 2016, a historical change took place in the UK parliament where a referendum took place and by 51.9% where 17.41 million people voted to leave the EU. The event has been popularly known as Brexit as it is a conjoint word of “Britain” and “Exit”. It was on 31^st January 2020 Britain left EU due to many factors which has been discussed in this paper.

One decision of EU which was not welcomed by UK government was that each country should keep a fix number of refugees and the refugees should get proper facilities as of the citizens of UK. The problem can be divided among two broad headings. If we see from the government’s view it was observed that EU was exercising excessive control over Britain which was not justified. Another side of the story was that the people from agricultural sectors, lower group income people, and aged people feared that the immigrants would come and take over their jobs leading to larger unemployment. For instance, the unemployment rate witnessed a jump in 2021 that lasted for six months after it had been trending lower until 2020. While the GDP index showed an upward tendency until 2020 but fell during the COVID-19 period, total weekly earnings showed a steady rise over time.

The article further draws attention on the fact that what happened after the Brexit took place on 2020. The immediate effect was the fall of GDP by 2%. One added advantage which Britain had was a strong financial sector which supported Britain from falling into any immediate crises in the market.