Context Analysis: Pre-Brexit

With diminishing control of what happens in Britain, the British people decided it was best to vacate the union. The British were dealing with the laws given by the European members who were not living and experiencing the country themselves. To provide an example of a ghastly law given to the British people, they, as part of the European Union, were only allowed to catch 20% of the fish swimming in British territorial waters. What this meant was that tens of thousands of jobs were lost and they were not able to use one of the most significant resources given to them, as Britain is surrounded by ocean. Nigel Farage, Leader of the UK Independence Party, says that his fellow Englishmen, “effectively gave away the ability to look after one of our greatest resources to a bureaucracy based in Brussels.” Because of the way the government was set up, “Not only could the voters not change anything, but the institutes themselves are incapable of reform.” With an already maimed government, the European Union was creating more problems than it was solving. The British people had enough of giving up their rights as British citizens so the European Commission could tell them how to live. Therefore, with problems like those arising from the Union and with no hope to resolve them, Britain filed for secession and pulled out of the union

The decision of the United Kingdom to leave the European Union has served in reshaping the way politics works in Europe. On June 3rd, 2016 a massive 30 million people came out to vote on the future of their countries. In the end, the vote to leave won 51.9% to 48.1%. Places like England and Wales both voted in favor of the exit, while Scotland and Northern Ireland voted overwhelmingly to stay in. While the long term effects of this decision obviously need time to be observed, the immediate economic impact has been somewhat mixed. The day after the vote was a cause for concern in that “the pound slumped after the referendum - and remains around 10% lower against the dollar and 15% down against the euro” (Wheeler 17). In contrast to this,

Immigration – the UK does not have enough control over its borders. Under the current EU’s fundamental right of free movement, any citizen of a member state is permitted to move and work in the UK without first obtaining a visa, and in some circumstances, access to benefits. Additionally, the migrant crisis that has found its way to the UK’s doorstep in Calais, France has created a cause for concern as migrants endlessly try to make it to UK soil and claim asylum. By leaving the EU, Brexiters argue, the UK government will have the power necessary to stop and control the migrant invasion.

Since 1973 when the British first joined the European Union their membership has been a controversial issue. When conservatives in the United Kingdom won the general election in 2015, their election manifesto promised to hold a referendum on whether or not the United Kingdom should stay or leave the European Union. The referendum also referred to as “Brexit” is scheduled to take place by the end of 2017. The United Kingdom initially joined the union to be part of the common market for the purpose of trade and to develop international relationships. The main argument for those who are pro Brexit is that being part of the European Union is too costly for the United Kingdom, that the EU has grown to large, has interfered to far into

So after the result of the referendum had been out, the first affect is the pound had fallen sharply, according to (Taub,A. 2016.) the pound is at its lowest valuation in seven years. Due to the (Hunt,A. & Wheeler,B. 2016) uncertainty rushing around, a British exit will likely result in a massive rebalancing of currencies. Investors will (and have already begun to) dive out of the British pound and into cash that's perceived as safe — the Swiss franc, the Japanese yen, the U.S. dollar. The changing direction of the investor and the fallen of the pound has spiked the value of Yen which has made Japan’s export being less competitive. Even the fallen of the pound can help the export business and attract more tourism to the country ,which due to the (bbc no name) The travel analytics firm ForwardKeys says flight bookings to the UK rose 7.1% after the vote. The import business still have to pay more for the fuel and material due to the costs which have increased 7.6%. Moreover, since 51% of goods and 45% of services of the British’s export are taken over by the EU. Losing access to the EU single market would mean less trade and less productivity growth which could (Chu,B.2016.)make

This report notes that the UK has the possibility of leaving the European Union (EU). The UK as a member of the EU has rights to get some good policies on trade. In the meanwhile, the UK also need to obligate the restrictions of businesses that published by the EU. The UK’s economic has correlation with the EU. Therefore leaving the EU (Brexit) might bring some changes on trade, employment, the regulations of businesses and the position of UK in the world. This report analyzes the positive impacts and negative impacts that might be brought to the businesses in the UK if UK decides to leave the EU.

The recent UK referendum sent shockwaves throughout the West and the wider world; few people had predicted that the British people would vote to leave the EU. So what led Brits to say a firm 'no thank you' to continued membership of the European Union? A look at surveys, statistics and anecdotal evidence may help us to solve this puzzle.

Apparently massive political decisions with far reaching socioeconomic repercussions should be made based on results from an indirect vote. Brexit was exactly that kind of decision, a whirlwind of policy and controversy. This summer past Englishmen and Englishwomen upsettingly voted to leave the EU. Both Kenneth Rogoff and Uri Friedman put in their two cents in the form of political articles regarding the outcome of the Brexit vote. Rogoff uses an aggressive narrative, making his opinion quite clear and concise whilst Friedman takes a more general approach, looking at more than one dimension of the Brexit vote. Friedman’s use of interdisciplinary sources and general opinions provide evidence for well supported arguments. The Rogoff article is without a doubt more succinct in writing, but with a set of underlying bias guiding the way, Friedman’s broader approach to writing makes his article an unbiased analysis of the Brexit vote. Rogoff’s aggressive writing style makes his argument very convincing, at the same time the Friedman

Brexit is a word use for saying the UK is leaving the EU, merging the words Britian and exit to get Brexit. This is the same way the Greek got its name Grexit when its

On 23 June, the UK will settle a question that 's been shaking close to the surface of British politics for a generation: should the country remain within the European Union, or leave the organisation and go it alone. Both sides insist that the outcome of the vote will settle the matter of Britain 's EU membership for the predictable future. The Conservative election victory last year started a manifesto pledge to hold an in/out referendum on Britain 's membership of the European Union by the end of 2017

At the end of June, Great Britain made the decision to leave the European Union. A referendum was held where more than 70 percent of the UK voted(more than 30 million people). It resulted in a 52 to 48 percent win for those in favor of leaving. When dividing the United Kingdom into its sovereign states the division can be seen clearly: England and Wales voted strongly for Brexit, while Northern Ireland and Scotland backed up staying in the EU. Following the decision to leave the European Union, Prime Minister David Cameron resigned his position and British politics went went into chaos. Although the economy was expected to drop it was able to withstand the effect of the decision. However, the pound has dropped to its lowest point in three decades, 1.28. As well as affecting the pound, Brexit has affected Great Britain socially in regards to immigration. In this new environment, some immigrants have reported that they have stopped speaking their native tongue in public. Mothers are worried about their children being bullied at school. Younger immigrants say they fear discrimination over jobs and educational opportunities. The negative effects of Brexit have already began to show as nativist sentiment increases and the pound continues to lose value. It is safe to say that this referendum will be marked in history as it continues to change Britain in the future.

In the most simplistic way possible ‘BREXIT’ as it is known is an abbreviation for “British Exit”, this terminology refers to the referendum which took place on the 23 June 2016. The outcome of this referendum was that the people of the UK unanimously voted to exit the EU (European Union). Even though this vote has already taken place, the duration of the required notice period means that the exit itself will likely not occur until 2019. [ ] The PM (Prime Minister) at the time of the vote, David Cameron, who of which supported the UK remaining in the EU, opted to step down from his post on July 13th in light of this result. This meant that the Home Secretary and leader of the Conservative Party Theresa May became Prime Minister with immediate effect.

The effect of the Brexit has already started effecting UK already. It would be a major negative shock to the UK economy, with economic fallout in the rest of the OECD, particularly other European countries. In some respects, Brexit would effect tax on GDP, imposing a persistent and rising cost on the economy that would not be incurred if the UK remained in the EU.

Brexit is a term commonly known as Britain exiting from European Union membership. The historic referendum on the UK and EU membership held on June 23, 2016. Although majority of Londoner wanted to stay with EU, 52 percent voters voted to support the leave campaign to leave European Union. Since World War two the world saw a rising trend of economic development and globalization in Europe. Brexit has ended this trend. Since United

It is precise that we begin by explaining the meaning of the term “Brexit”; it is a portmanteau of the words “Britain” and “Exit”, which was just one of the terms for the results of the 2016 referendum, the other one was “Bremain” (Britain and remain) which was a lot less promoted and controversial. For the 2016 referendum, 52% of the votes went for Britain leaving the European Union, in a poll with 72% of participation, a total of 33.577.342 votes, 17.410.742 for Brexit and 16.577.342 for Britain staying in the European Union (BBC World, 2016). England voted for Brexit, by 53.4% to 46.6%, as did Wales, with Leave getting 52.5% of the vote and Remain 47.5%. Scotland and Northern Ireland both backed staying in the EU. Scotland backed Remain by 62% to 38%, while 55.8% in Northern Ireland voted Remain and 44.2% Leave (Hunt and Wheeler, 2016).