Brexit is not likely to happen

Britain will hold a public election to decide whether Britain will leave or stay in the EU. The rest of the EU is the largest trade partner of Britain. Leaving the EU could increase the costs of imports and exports. The decrease in imports and exports could affect the domestic economy and may lead to an increase in unemployment. Moreover, many EU workers in the UK have to rethink their job stability. They may need to require work visas in order to be eligible to work in the UK. However, some of them do not meet the minimum requirement for work visas. The jobs that become available because of their leaving could help more British people get jobs; but it may raise the costs of employing local people, as some workers from the poorer part of the EU are willing to work with relatively low wages. In general, Brexit could have negative effects on the economy and the labour market, though Britain could release some pressure from its government finance as it no longer needs to support other EU countries which have very difficult economic problems.