Reasons For Quit The European Union 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

Whether the United Kingdom decides to join the European single currency and replace the pound with the euro will have profound economic as well as political effects on the country so is a very important decision and has considerable variations in attitudes towards the topic, although the British public opinion has consistently opposed joining the euro. The euro is currency shared by 18 of the European Union's Member States. The euro was introduced in 1999 and automatically became the new official currency of 11 States, followed by another 7 countries joining to date. However, the UK negotiated an opt-out to from the Treaty meaning they don’t have to adopt the common currency as they fit a certain criteria [1]. Joining the European single currency can have major advantages for the UK, such as diminished uncertainty of exchange rate for businesses and the decreased need to pay transaction costs of changing currencies when abroad. It can also have disadvantages such as loss of domestic monetary policy and variable rate debt in the UK.

Considering that this is the first time anyone has left the EU since joining, even these experts can’t say for certain what will really happen in this period of uncertainty. If the EU wants to send a message to anyone else who is thinking about leaving, it’s going to come in the form of severe restrictions on the U.K. President of the the European Union Jean-Claude Juncker has already claimed “Britain will divide the European Union's 27 remaining members by making different promises to each country during its Brexit negotiations” (Eyesenck). If true, this could be disastrous for relations between countries in the EU and European countries in general. To combat this, plans to integrate the Eurozone, who are the countries that use the Euro as their form of currency, are underway as a way to unite that group of countries.

How likely is it that an integrated Europe will fall apart? What are the benefits and costs for Britain to leave the European Union?

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.

This report will look at the benefits and issues surrounding the UKs decision to remain as a member state of the European Union (E.U.). Along with the newly elected conservative government, came the announcement that a nationwide referendum would be held, by the end of 2017, in order to determine the British public’s stance on the issue of EU membership.

The UK will benefit the most from leaving the EU, as they will be able to rebuild their economy instead of being apart of the EU, which they’re wanted to leave since they’ve signed the treaty. Instead of being taken advantaged of, they will begin to keep their money that would’ve been spent on their membership. Its citizens hope that this extra money will be given back to them to help with unemployment and other services that they

The United Kingdom should not leave the EU because it would hurt trade, mess up it's own economy, and may tear apart the EU.

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

Due to Brexit London Stock Exchange crashed and it saw trillions of pounds wiped off from UK’s share market. The share market became volatile. The investors of UK’s share market decided to move their funds to other European share market in Germany and Ireland and France. As a result pound lost its exchange value for the first time in last 15

reason, the common citizens of Briton believe that exiting the EU is the only way they can solve their economic problems.

Whether the United Kingdom will eventually join the euro club is a matter of considerable importance for the future of European Union as well as that of the United Kingdom. The joining of the United Kingdom with its

The European Union was set up in 1958 by the Treaty of Rome, it was then known as the European Economic Community (ECC). It had six founder members of what was originally known as the ‘common market’. Before the U.K joined in 1973 our economic growth was significantly slower than these six founder countries. Joining the union gave the U.K the chance to grow along side these countries. There are now 27 EU members which has provided an increasingly large ‘home market’. Being a member of the EU has had many effects on the U.K and its businesses. Five main areas would be the economy, politics, law and legislation, labour mobility, and common agricultural policy.

The Leave campaigners have sought to create a bubble that Britain outside the EU will be a prosperous paradise at the center of the universe, free from pesky European countries. But Obama punctured their bubble by announcing that Britain outside the EU will be less powerful, less secure, and less prosperous, and it will have to wait for five to 10 years to sign a trade agreement with the United States. That was shattering for the Leave campaign.

The Leave campaigners have been trying to create a bubble that Britain outside the European Union will be a prosperous paradise at the center of universe, free from pesky European countries. But Obama punctured their bubble by telling the British that Britain outside the EU will be less powerful, less secure, and less prosperous and it will have to wait for five to 10 years to sign a trade agreement with the United States.