BREXIT; A REVIEW OF THE RESULTS FOR UNITED KINGDOM AND EUROPEAN UNION

It has been expected that with the referendum made in the second quarter of 2016 in the United Kingdom having a result of exiting from European Union, not in the short-term but in the mid and long term, there would be serious implications for both U.K and E.U. According to the E.U legislation, the results of the negotiations which are planned to start in two-year period after the referandum, presents great importance when the U.K’s key role especially in financial area. London is a seious financial and commercial center in the world and as a result of the big companies allocating their resources to the other countries in E.U with the Brexit process, U.K being loser seems inevitable. The potantial difficulties being experienced in the transition period lead to increase in uncertainty and stress. Between financial markets of U.K and E.U, there is a strong relationship which especially creates superiority for U.K and Brexit process will bring costly and problemeatic period. In this study, the politic and economic issues which the Brexit process will create and the major terms will be evaluated by making a general analysis