Reasons For Britain To Leave The EU

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Reason for Britain to leave the EU – POLITICAL and FINANACIAL

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 British has officially voted to move away from the EU. The market is in crisis after the revelation that the united kingdom is a broken nation.
On June 23, 2016, in a referendum organized by former Prime Minister David Cameron, 51.9% of the British chose to leave the EU (Wheeler, 5 September 2017) .Following the triggering of Article 50 of the Treaty on European Union on 29 March 2017, the United Kingdom and the other 27 Member States of the …show more content…

However, the Brexit will not materialize immediately since Article 50 of the Treaty of the Union provides for a two-year period (renewable) between the withdrawal request and its effectiveness. Thus, for at least 2 years, the United Kingdom will continue to be a member of the EU (and contribute € 4,930 million to its annual budget!). In this period, the modalities of the exit of the British Kingdom will have to be negotiated between European leaders. Then the trade agreements will be renegotiated, which could take up to 10 years warned the British government. Thus, the economic consequences of a Brexit on the British economy will depend on the outcome of these negotiations. Some studies, however, have sought to measure the long-term consequences for the British economy. Overall, they conclude that there are rather negative impacts on trade, GDP growth or per capita income (économiques, Créé le 30 juin 2016).

The end of the financial passport

For the financial players, the Brexit is a real challenge. Indeed, the City, the world's largest stock exchange, interacts mainly with the European Union, which accounts for 41% of exports of financial services, compared with 26% for the United States, 2% for China and Hong Kong. This represented £ 19.4 billion in 2013; an amount which, according to Capital Economics, could be divided by two sequel to the United

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