A National Decision Influenced By The People And Approved By Government Essay

The issue of whether or not the United Kingdom should remain a member of the European Union has been debated heavily over the past decade, with the debate heating up even more from the current European Sovereign Debt Crisis. Recent polls of the UK population showed that around half of the UK’s citizens would vote to pull out of the EU if it went to referendum. However, after all of the economic, political, and social advantages of being a member of the EU are considered, it remains clear that leaving the EU is not in the UK’s best interest. Economically, it does not make sense for the UK

The public was bombarded with warnings about how they would be poorer if they voted to leave the EU but, in the end they weren’t convinced by what they were told and/or believed it was a risk worth taking . For the Confederation of British Industry, the International Monetary Fund, the Organization for Economic Cooperation and Development, the Institute for Fiscal Studies, there was an alphabet soup of experts lined up to say economic growth would be hobbled, unemployment would go up, the pound would plummet and British business would be left in a no man’s land outside the EU . Overall, since UK left the EU they will be able to profit more and help their people to get out of unemployment and rebuild their country.

What is Brexit? Brexit is the shorten way of referring to two words which are “British” and “Exit”. The situation that British exited from European Union. So, what is European Union? According to (Hunt,A. & Wheeler,B. 2016) The European Union - often known as the EU - is an economic and political partnership involving 28 European countries. The EU has a single market which is the agreement between the countries’ member in EU to allow goods, service, money or even people to move freely within the EU. The Single market was to create job employment, increase the trade and lower the prices. Even though, the European Union has many advantages but why British wanted to leave the Union? Because there are some disadvantages that had made British

As I had predicted, Britain has gotten into debt, and the taxes have been rising slowly. Though there haven’t been any protesting yet, I am sure there are soon because they are going to get higher. I can only hope that we farmers aren’t affected a lot.The crops haven’t been doing really good either. There hasn’t been a lot of rain and a lot of them have become dry. Times are definitely going downhill.

Literature review: In September 2017 Thomas Sampson from The London School of Economics and Political Science wrote a Literature on Brexit. The title of the literature was Brexit: The Economics of International Disintegration. In this literature review I will briefly summarise the literature wrote by Thomas Sampson.

To understand the existence of Brexit in the first place, we need to clarify the economic background and position of the

Due to globalization, stronger relationships, and ties between countries, many companies have become very integrated into the global economy. There is a lot of uncertainty around what will happen now that Britain has voted to leave the European Union. Brexit may complicate business for companies that have ties with Britain. On the other hand, some companies may benefit from Brexit. Some things surely to be affected in some way by Brexit are trade, foreign direct investment, and particular industries in the UK.

In this essay, I will argue that Brexit might help the UK to improve as the newly-obtained freedom after Brexit will give the government opportunity to drive the country according to its vision and goals. First, it can establish laws and regulations that are advantageous for them. Second, they will be able to cut down on their budget spending. Third, their economy might prosper by leaving the financially critical

On Thursday, June 23rd, 2016, the United Kingdom invoked Article 50 of the Treaty of the European Union and voted to whether or not to leave the European Union. This June 2016 referendum, which is most commonly known as “Brexit,” had the largest voter turnout in the United Kingdom since the 1992 General Election, roughly 33.5 million voters. The referendum resulted fifty-two percent in favor of leaving the European Union. The separation process is difficult. By just agreeing to the negotiations to separate from the European Union, there has been significant political and economic impacts affecting the United Kingdom and the rest of the world. The day following the vote that favored leaving the European Union, the Pound, Britain’s currency, went from $1.50 to $1.28, the lowest it’s been in over three decades (Kottasova). In an effort to not deal with the EU negotiations, David Cameron, the United Kingdom’s Prime Minister, resigned from his position on July 13th, effectively ending his six year holding on the position. Brexit is an example of when nationalism and frustration mix together and motivates a society to make a decision possible which was unforeseeable prior. It can be deduced that the three contributing factors to the success of the Brexit vote are Economics, Nationalism, and Political Elitism. Understanding the history of the relationships between the European Union, political parties in the United Kingdom, and the citizen of the United Kingdom.

On June 23rd, 2016 the United Kingdom held a referendum that would ultimately decide their economic and global relationships with the European Union, along with the rest of the world. Brexit, the highly known nickname of the phrase “Britain exiting” was vote to spate from their long standing union with the European Union. As a 52% of the UK passed Brexit it began to start controversy on whether they could or should operate by themselves. Immediately following that day, the price of gold spiked up by four percent. Even before the vote, uncertainty had already arose on the future of the European integration process if Brexit would to have been passed. As the outcome stands today, a majority of the UK approved the detachment of the European Union and would now begin to suffer blows to their economy in the short term, medium term and long term. One such impact that came rather quick was the drop in stocks. The exchange rates were a particular hit on large banks of the state. Though those two initial impacts recuperated in a week’s time, interest on government bonds 3 months or older conceived losses that would not be as easy to recover from as argued by Fichtner, Große Steffen, Hachula & Schlaak (2016) “evidence of this can be found in the prices of credit default swaps (CDS) for gilts, which have sharply increased compared to those of German government bonds” (p, 302). Another prediction leads to believe that government financing costs in particular are to rise in the medium

On the 23 June 2016, by the majority of the voting (51.9% vs. 48.9%), the people of the United Kingdom decided to leave the European Union in pursuit for control over their policies. This process is known as Brexit. For the UK, in order to legally leave the EU, they have to invoke Article 50 (The Lisbon Treaty; 2009.), which will start the separation process and gives the two sides two years to agree to the terms of the split. Article 50 has never been used before, so the consequences will be unknown.

The intensity of the emotional investment into the referendum should not deceive us, the choice offered obfuscated the true questions: how to fight “agreements” like TTIP which present a real threat to popular sovereignty, how to confront ecological catastrophes and economic imbalances which breed new poverty and migrations, etc. The choice of Brexit means a serious setback for these true struggles – suffice it to bear in mind what an important argument for Brexit was the “refugee threat.” The Brexit referendum is the ultimate proof that ideology (in the good

The uncertainty surrounding how the United Kingdom (UK) will exit the European Union (EU) has significantly impacted the business operations of all firms within the financial services sector who operate within the EU Market. This can be seen through the recent actions of the larger multinational banks, as many are alleged to be already be planning to relocate jobs outside of the UK while also developing corporate operations in other EU nations (Barbaglia, 2017; Callanan & Sidders, 2017; Martin & Finch, 2017; Treanor, 2017). There are fears amongst British financial services firms that a particularly harsh exit could see the UK be forced to operate under ‘third country’ status, which could place significant restrictions upon how these

The term European Union (EU) has come to be used to refer to an economic and political partnership involving 28 member states which are located primarily in Europe. British as one of the member in European have been benefits on economic, trade, and tourism etc. Recently, there have been noticeable increases in the argument on whether or not the British should remaining or leaving the European Union. This is due to the EU economic crisis appear and it brings series issues the European members. The bill that UK pay to EU is rising as UK economic improve and UK is become the net contributor to the EU. This essay will focus on economy reasons to identify and analyse the main problem that causes different opinion about UK leaving EU. To clearly analyse this, the structure are point out into four parts, first to evaluate those who approve of UK leaving the EU and then determine who will gain and loosing if British quit EU. Also, to view on the other side on who wish UK to remain in EU, as well as to giving detail discuss about who will be the winner or loser as UK remain in EU. Lastly, to summing up all those analyse and give personal suggestion on which gains and losses are likely to be most critical.

On 23rd of June 2016, a slight majority of citizens of the United Kingdom voted to leave the European Union. This historical event was called Brexit (abbreviation for British Exit), and the news has shaken the world, brought anxiety about the future of the United Kingdom. It will particularly influence international trade, due to the point that one of the most significant role of EU is encouraging free trade among its members. Also, trade contracts signed between EU and non-EU nations applied to all EU members, and UK has been largely benefited by them. The proportion of trade with EU are enormous: ranging from 38 percent to 49 percent for import, and 49 percent to 55 percent for export in 2015, respectively (HM Revenue and Customs, 2016). However, since UK will no longer be a member of the EU, she has to renegotiate with EU and also other nations. It is fairly possible that the UK will not be able to sustain its strong position in international society once it loses advantages of belonging to EU. This essay will demonstrate various influences Brexit will have on the UK’s international trade relations and effects on the business growth of each industry: primary, secondary, and tertiary.