te of resources is due to the inefficient agriculture policies between EU and UK. According to the records the EU, despite years of reform paid a high volume of its budget on agriculture in 2013 which was around 43%. If the UK leaves EU, then it will allow UK to make its own agriculture polies on its own terms and conditions and would not be subject to EU policies in future. Although, UK still have to make some amendments in the policies with other countries on issues such as fishing, environment and pollution.

United Kingdom will be able to cut of the European Union regulations once UK leaves the EU. Nevertheless, still to trade with EU in future the companies will need to match the standards of EU on environment, health and etc. It is also have been said that the biggest cost is not due to EU regulation but is because of the UK’s planning regulation which can also have beneficial social effects such as battery safety standards and reduction in excess energy use.

Although there are many reasons for the decline in UK’s productivity and investment and one of them also includes the poor performance which led to the economy downfall. In any country, productivity is a key element for the economy to grow and therefore tax revenues. UK’s economy has not been much better since 2009 due to several reasons which can be determine due to global fall in productivity, low investments in technology, effects of fiscal austerity and low wage growth and mainly due to the uncertainty over Brexit issue.
In the coming years, there will be an impact on the UK’s economy due to Brexit. However, it also depends on the trading deals and policies UK will make in future to fight with such challenges.

The Royal Institute of British Architects (RIBA) proposed five challenges and five opportunities faced by UK after the referendum to leave EU. RIBA is an organisation which has made a policy document which offers solution to the UK government and focuses on how architecture’s contribution can help in the growth of the economy.

FIVE CHALLENGES:

1. As UK has one of the world class architectural sector, government must emphasize on the open market promotion, at home and abroad. It is easier to get finance for business especially for the small and medium size enterprises.
2. As architecture is a skill full and innovative profession so the government must ensure to maintain the creative sectors.
3. UK and EU should maintain and arrange mutual agreements for the Architects in