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The word Brexit is a term which refers to Britain's exit from the European union after a referendum on 23rd of June 2016.

Britain got a new prime minister, Theresa May.

She was against Brexit during the referendum campaign but is now in favor of it because she says it is what the British people want.

However, there still are supporters and detractors of Britain's decision.

Being a member of the European Union ensures the so-called four freedoms: the movement of goods, services, people and money.

One of the reasons why britain decided to exit is because it wanted to control immigration.

Being part of the European Union meant it had to accept the free circulation of people without limiting it.

Foreign people represented an excessive weight for public services, transports and healthcare.

Now that Britain is out from the European Union, it can reinforce controls and protect more the country's security.

But the exit from the European Union also had its negative consequences.

First of all, Britain reduced commercial trade with European countries and commercial costs increased because there is free trade only among member nations.

This led to a decrease of productivity and damaged also European Union's commerce.

In addition, European countries have to deposit more money to brussels in order to compensate for previous British contribution.

The value of the pound fell the day after the referendum and prices of goods rised.

Brexit also has some potential long-term consequences, which would affect more than just the people living in the country.

It could be problematic for some industries and companies, because it could have an impact on regulations, trade and taxes.

Also, the European union might lose additional countries.

For example, some French politicians are pushing for a "Frexit".

Of course, the UK could also lose Scotland, which voted in favor of staying in the European Union, while Northern Ireland might want to break off in order to remain a part of the European Union.

I think these could be potential consequences which could be added to the ones already existing.