How The United Kingdom ( Uk ) Could Exit The European Union ( Eu ) Essay

With reference to organisations or industries that you know, to what extent do you think that recent changes in the UK economy will have inevitably damaged the long-term profits of businesses that operate in this country? (40 marks)

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 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,

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.

Although the British voted for leaving European Union, Brexit would adversely affect the British economy in the fields of trading and foreign direct investment.

With Britain’s vote to no longer remain the EU, its economy could take a dangerous hit and weaken considerably. Emma Charlton and John Robison, journalists for Businessweek, claim that “voting to leave the European Union would dramatically increase the UK’s chances of” (Charlton and Robinson) recession because of the risk that it places on the economy. Their prediction points out how much of a threat leaving is to Britain because of the consequences that it will bring to jobs, growth, and investment. Lukanyo Mnyanda and Lucy Meakin, journalists of Businessweek, point out how parts of Britain’s economy have already been hurt by the decision, with the "[pound] sterling earlier [reaching] $1.3229, the lowest since 1985...[weakening] 6.2 percent to 81.27 pence per euro, for the biggest decline on record" (Mnyanda and Meakin). This decrease in the value of the pound is dangerous because a weaker pound will make UK imports, like clothes and diesel, become more expensive because they require a larger value of pound in order to be

This decision has not only affected Britain’s economy but also global economy. The impact in UK markets has been considerable, as Dr. Andrei Nikiforov (August 4th, 2016) stated “Because of this unexpected slowdown in economic activity, the first obvious casualty of the Brexit vote was the British pound, which significantly depreciated against other major currencies.” he bases this statement because right after the vote, the pound (Britain’s currency) dropped its value to the lowest in the last 30 years.

Early this year the United Kingdom held a referendum to decide whether to leave or stay apart of the European Union. This event is called the “Brexit” (Britain exiting the European Union), but even though the acronym only includes Britain it means the entirety of the United Kingdom. In the referendum, most of England and Whales voted to leave while Northern Ireland and Scotland voted to stay. Ultimately the United Kingdom’s vote was won in favor of leaving the EU with a 51.9% vote to stay and a 48.1% vote to leave (BBC News). Now the question is what does this mean for the UK and how will this impact its economy in the future? It may be too early to tell how this will play out, but for us to identify what is happening now we must thoroughly and truly understand the reasons for this Brexit in the first place.

After the United Kingdom’s (UK) decision to leave the European Union (EU) there has been numerous questions and uncertainty of how this will impact the British economy and its trade market. By enlarge the majority of large businesses argue that it will have a negative impact and consequently have backed out of protentional new investments in the UK because of this uncertainty. An example of this is Lloyd’s of London who have axed plans for a new sharing worth potentially 9 billion pounds due to post- Brexit instability. This may also be the case for many large businesses until the leave is complete and the economy is once again stable. However, it can also be argued that Brexit may very well lead to new trade opportunities outside of

Brexit, Britain’s exit from Europe. On Thursday the 23rd of June 2016, Britain voted in favour of leaving the European Union and standing alone for the first time since 1973. Many predictions and economic forecasts were made pre referendum, but to what extent were these scaremongering tactics or how accurate were they? I intend to examine the economic impact of Brexit, so far, on the UK economy and whether it is ethically correct for politicians to predict the future without sufficient evidence to their claims.

This subject is good topic to analyse as it has impacted many of u, and therefore foresee how the future of UK economy looks like for 2017, by extracting economist’s predictions and looking at actual data, to predict the forecast of 2017. Due to the expectation that lower migration, trade and capital flows would take a toll, the IMF said it has also revised

The decision by the United Kingdom to leave the European Union this last June will surely be a pivotal moment in political history. It was both a rejection of the EU and in some ways the broader global community. The result of this referendum seems to be striking for two particular reasons. First, few observers of politics – casual and professionals alike – did not seriously anticipate the success of the leave campaign. While only anecdotal, my colleagues and I were in the United Kingdom about a week in advance of the vote, and the consensus seemed to be that there would be a remain victory – albeit small. Late into the early morning hours of June 24th we realized that the conventional wisdom was no longer conventional. Secondly, it was unexpected because of the insidiousness of exclusionary and sometimes outright racist rhetoric that the Leave campaign espoused. That is not to say that all those who supported the leave campaign are racists – but there is an undeniable motivation of xenophobia also behind some actors regarding the desire to turn inwards.

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

The United Kingdom has demonstrated good economic resilience with effective rule of law, an open trading environment, and a well-developed financial sector (“United Kingdom,” n.d). It has been a growing economy over the years and continues to stay stable. A country who has been consistent with economic growth can bring plenty of opportunities and challenges too. Firms in the United Kingdoms have faced a few uncertainties this year. In a survey of 1,000 companies, they found that thirty-two percent of the surveyed to expect the economy to pose the biggest risk to their business this year which also give a political uncertainty due to a referendum on the United Kingdom membership of the European Union (Cancian, 2016). Even though it was not a large percentage who were not

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.