A referendum held a year ago on Brexit did not plunge the British economy into a state of chaos. Negative effects only appeared this year in the form of a slight increase in inflation, and the weakening of the pound sterling played into the hands of local exporters. The future of the British economy depends largely on the terms of the deal between London and Brussels, experts say..

When after the announcement of the voting results it became clear that the majority of the British supported the country's withdrawal from the EU, panic began in the society, RIA Novosti notes.. Economists predicted the kingdom almost complete ruin, and financial institutions significantly reduced the forecasts for GDP growth in the UK. However, these predictions did not come true. According to most of the updated forecasts, in the Brexit process the growth of the country's economy will slow down, but no one is waiting for the catastrophe. It is expected that the GDP of the United Kingdom in 2017-2018. Will grow in the range of 1.5% -2%.

Economist Oxford Economics Martin Beck says that the negative predictions before the referendum were completely unjustified. "In this situation, it is unclear why the majority who voted for an exit from the EU in the interests of Britain should reduce their spending and consumption. In addition, the outcome of the referendum will not change anything until the final exit of Britain from the EU, "- said the expert.

In some respects, this outcome of the voting brought the British economy. Exporters received immediate benefit from the fall of the pound, which for the year fell by more than 7% - to $ 1.27 per pound.

At the same time, inflation in the country begins to accelerate. In May, the growth in consumer prices in annual terms in the UK was 2.9% against the forecast of 2.7%. This somewhat negates the benefit from the weakening of the national currency, since inflation reduces real incomes of the population.

A massive outflow of financial organizations from London to mainland Europe has not yet been observed. After the referendum, many banks gathered to change the location, especially after statements by Prime Minister Therese May that the United Kingdom would leave the single European market and the European Customs Union. However, despite the continuing anxiety in the City, companies are in no hurry to leave the British capital, until an agreement is concluded on Brexit terms between London and Brussels.

The authorities of the United Kingdom have repeatedly stated that they intend to retain London's status as an international financial center. For Britain, this is a matter of paramount importance, since the financial services sector, which employs about 2.2 million people, remains one of the most important components of the national economy. It annually brings about 71 billion pounds of taxes to the country's budget. According to financial experts, it is in the interests of both parties to provide a transition period with mutual access to each other's markets after the actual Brexit.

"Mutual access to the market and agreement on the transition period will help businesses avoid shocks and retain the opportunity to hire the brightest and best foreigners. We need a deal that will work both for Britain and for the 27 EU countries. We want the government to put the economy's needs in a priority, "said Catherine McGuinness, chairman of the London City Policy and Resources Committee.

A positive signal for the financial sector and the British economy was also the promise of Prime Minister Teresa May, sounded the day before, that the authorities of the state will not force citizens of EU countries to leave the kingdom after Brexit. At the same time, she warned that after Brexit all the controversial issues in the UK concerning the rights of citizens of the EU countries will be decided by the British courts and not by the European Court of Justice.

The referendum on the future stay of Great Britain in the EU was held exactly one year ago. For the withdrawal of the country from the union voted 51.9% of the British, against - 48.1%. The Brexit procedure was launched in March this year. The design of the "divorce" will take about two years.