Introduction.January 1St ,1973 Is The Day The Uk Became

The European Parliament handles decisions, which would affect the countries, which are members of the EU; these issues include the environment, equal opportunities, transport, consumer rights, movement of the workers and goods, etc. Currently there are 72 members of the UK that get directly elected to become part of

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

The article talked about the pros and cons of limiting immigration into Britain. Through the controversial Brexit secession from the European Union, there has been a debate about limiting immigration. Currently there is a large ageing Britain population that will heavily influence the future of the economy. There is also a large industrial and scientific footprint in the economy. All of this can be tuned and swayed by the incoming immigrant population. The article discusses how by increasing the immigrant population will benefit public finances such as health care through an increase in tax payers. The increase in immigration will also result in a higher industrial workforce as well as access to foreign professionals in fields of research.

The UK have been a part of the EU since 1973. Since the accession of the country in 1973, Europe has completely changed its nature. For years, Euro sceptics have been campaigning for a referendum on the membership on the UK in the EU.

The UK people decide to leave the EU (British exit, or Brexit) through a referendum on June 23, 2016. The stock market reacts negatively to the results of this Brexit referendum. The value of the pound immediately drops. The reasons behind this referendum are that during the EU membership, the citizens of the United Kingdom feel that the sovereignty of the state is not enforced, the issue of immigration and the amount of contribution to the EU budget which is not comparable to that returned by the British.

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

On the grounds of supervisory powers the European parliament scrutinized all of EU institutions, examining petitions of citizens of the European Union, questioning commission and council, and lastly observes the elections. The European parliament powers do not stop here as it has a budgetary role which grants them the right to approve the EU budget in long term.

There are several benefits that Britain has been enjoying as a member country of EU. Besides that, there have also been problems that Britain has been facing due to its membership in the EU and that are why the country is contemplating on its move of trying to distance itself or rather itself from the EU. The first benefit that has been enjoyed is employment. According to the current statistics, the EU has over three million people or jobs that directly rely on Britain 's membership of the EU. For instance, if trade and investments fell post-Brexit, the some of these jobs would be lost, and if it would have happened the opposite, then there would have been the creation of new jobs. Another reason is that Britain’s economy has been booming mostly because most of its biggest trading partners are the EU member state countries mainly German and France. More than fifty percent of the Britain’s export goes to the EU countries besides that, the country’s membership allows the traders to control how the trading rules are drawn up. Over 1.4 Britons have also been able to move and live abroad in the EU, furthermore, the driving license issued by the UK government in all the member states of the EU. The European Union (EU) has played a crucial role in the fighting of crime in England. This has because the European arrest warrants cut out the need for long and complicated extradition procedures and thus, this has allowed the criminals

The European budget is drafted and overseen by the European Commission. It must first be approved by the Council and then the Parliament before it can be passed. According to European Union policy, the budget must always be in balance. Unlike many countries, the EU budget cannot operate in a deficit. For example, according to the Congressional Budget Office, the United States of America currently has a budget deficit of 5 billion dollars and the public debt at the end of this fiscal year was 13.1 trillion dollars. On 12 December 2014, the 2015 budget was confirmed by the Council to be €145 billion. The European Parliament formally approved it on 17 December 2014. This budget is actually fairly small. It is “smaller, for example, than the annual budgets of Austria or Belgium…which is only about 1% of the annual wealth of the entire EU” (EU Budget at a Glance, 3). To put this number into perspective, there are over five million people in the European Union and in 2013 individual citizens “contributed on average only around 80 euro cents a day towards the EU budget. That’s less than half the price of a cup of coffee in many places in Europe” (EU Budget at a Glance, 3). Ninety-four percent of

Brexit could alter the dynamics of the relationship with the rest of the world as the EU is one of the world’s largest markets comprising of £11 billion worth of trade stemming from its advanced technologies and highly skilled & educated workforce (Baldwin and Lopez-Gonzalez, 2015).

On June 23, 2016, the famous referendum vote to determine if the United Kingdom should remain part of the European Union or leave was held. A large turnout of over thirty million individuals cast their vote, representing more than 71 percent of legal voters. Those in favor of the British exit, also known by its nickname Brexit, won with a 52 percent majority vote. England and Whales represented the majority that supported Brexit, while Scotland and Northern Ireland leaned strongly towards remaining with the European Union. The completion of the referendum called for the United Kingdom to invoke Article 50 of the Lisbon Treaty . This gives the United Kingdom the right to legally withdraw from the European Union, following their own nation’s requirements to put the process into action (Hunt and Wheeler).

European Union is largely an economic union of 28 countries of Europe and UK was also a member of the European Union. The Membership fees paid by UK were £350 million per week.

There are also chief drawbacks between the European Union and euro politically and economically. A risk that is involved in adopting the euro is that the monetary policy focus on the euro area. Once the euro has been adopted, the adjustments to the economic problems changes in a competitive position that need to be made via domestically and then set short term interest rates in the exchange rate. Some differences between countries will always exist so as long the markets are free to adjust to the changing of the economic conditions, country differentials should largely be of a transitory nature. The Monetary Union challenges the whole country when is relate it to individual citizens that have to adapt to a whole new monetary reference system. While this take time for older generations, who are used to what is cheap and expensive in the terms o f the old currency; its outstanding how fast the changeover goes to the younger generations. To conclude, a key challenge for all countries in the European Union lies in an open and transparent debate with the general public on the implications of euro are participation and also the necessary steps to the toward goal. Surveys show that there is a diminutive of citizens in the European Union Member States believe that adopting the euro will have a cocksure consequences for their countries. A small portion of people feel happy about the prospect of a future changeover.

The Union’s functions are spreading from purely economic and monetary up to the social and security matters; it has become an integral part of government for almost each European country.

The United Kingdom is an island nation off the western coast of Europe, comprised of the four nations of England, Wales, Scotland, and Northern Ireland. With a total population of 64.4 million people over nearly 242,000 sq. kilometers, the United Kingdom (commonly shortened to the UK) is the fourth most densely populated country in Europe. The majority of the population is centered around a few cores, most notably the capital of London. Other major population centers include Manchester, Birmingham, Glasgow, and Liverpool. (All facts and figures in the above paragraph are from the United States Central Intelligence Agency.)