Analysis of The Main Causes of Brexit and Its Potential Consequences

The prospect of the United Kingdom leaving the European Union is closer than it has ever been. The decision of British voters in a referendum, scheduled for 23(rd) June 2016, might initiate considerable changes in the European integration process and would influence the future of the entire EU. The main purpose of the current paper is to research important factors and implications of a potential Brexit. It analyses costs and benefits and selected arguments of both the pro-EU and the exit-EU campaigns. Building on this framework, this paper provides a SWOT analysis of Brexit. The final result depends on how Prime Minister David Cameron will be able to persuade Britons about the advantages of staying in the EU and of continuing as an EU member country, and also with respect to variables.