To summarise, it has been noted that since the United Kingdom referendum to withdraw from the European Union, standard measures indicate a substantial increase in uncertainty. Moreover, it has been stated that Brexit has high probabilities of affecting not only the United Kingdom but also the rest of the EU economy through various transmission channels, for instance, uncertainty, trade, investment, as well as migration. In addition, it is evident that in the near term, the major effect of Brexit is heightened uncertainty, both political and economic. Accordingly, these issues are likely to slow investment growth and private consumption, as well as affect foreign trade, primarily in the United Kingdom; even though other EU Member States also are likely to be adversely affected by Brexit. Also, Brexit has caused unexpected exchange rate fluctuations, as well as financial market instability. As such, the depreciation of the sterling pound is likely to push up CPI inflation in the near term. Additionally, depending on the outcomes of any forthcoming negotiations, Brexit has chances of plummeting the competitiveness of the United Kingdom. The depreciating sterling pound is directly affecting the EU Member States through lowered demand for products and services, which has reduced exports. Furthermore, based on the intensity and length of the uncertainty shock, the impact on investment may result in recession in the UK. Besides, the heightened uncertainty can also influence consumption indirectly through its negative impact on employment creation and economic growth, which might reduce the growth of disposable incomes, and encourage families to increase their precautionary savings, and suspend purchases. Finally, in spite of the uncertainty brought about by Brexit, the previous commendable record of employment growth, improved levels of consumer confidence, and rising wages, still moderate inflation rates in the United Kingdom.