UK economy in immediate aftermath of Brexit

Last Modified: Sat Jun 25 2016 08:05:18 GMT+0530 (India Standard Time)
  • $350 billion
    This is how much the U.K. lost in eight hours after news of the Brexit broke, which, as Belgian MEP Guy Verhofstadt remarked Friday morning, “is a greater amount than they contributed to EU budget over last 15 years—including rebate.”
  • 6th
    The loss has transformed the country overnight from the fifth largest economy in the world to the sixth. It has been overtaken by France.
  • 1.2 million
    Britons living in EU countries will now either have to repatriate or cut individual work or residency visa arrangements with their hosts, i.e. Brexit will result in a new sort of migration headache.
  • 3 million
    non-British residents with EU citizenship will have to do likewise.