The Pros And Cons Of BREXIT

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 first reason why Britain shouldn't leave the EU is because it would hurt trade. A major benefit of the EU is the trade. Combined, all the countries in the EU have a large influence over world trade. This allows them to get more money for other EU countries.

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

Perhaps the greatest uncertainty associated with leaving the EU is that no country has ever done it before, so no one can predict the exact result. One of the biggest advantages of the EU is free trade between member nations, making it easier and cheaper for British companies to export their goods to Europe. However some economic researchers believe these savings outweigh the billions of pounds in membership fees Britain would save if it left the EU. The UK would also risk losing some of its negotiation power internationally by leaving the trading bloc, but it would be free to establish trade agreements with non-EU countries.

On the other hand, the pro-EU party hold opposite opinions relative to Eurosceptics party. On the political front, the European Union is based on the law. Briton protected by the EU employment laws and social protection. Once UK secede from the EU means that Briton no longer protected by the European Union law (BBC, 2015). Then, EU is an important trading partner to Britain, seceding from EU, Britain have to face trade barrier, which means UK have to pay the tariffs when import and export (BBC, 2015). Furthermore, with the international manufacturers transfer to the low-cost countries inside the EU, UK would lose a large number of employment opportunities.

First, by leaving European Union, Britain’s trading with other EU countries will be negatively affected. Being a member of the EU helped Britain in the reduction of trade costs with European countries. Members of European Union agreed on having no tariff barriers within them, which resulted in the creation of a Single Market inside Europe. The Single Market allows the member countries to trade in services and goods for free and without tariffs, which can positively benefit the countries. As a result of Brexit, Britain would no longer be in the EU’s Single Market, but would have to pay taxes on their exports to other European countries and the exports would face additional costs. As a consequence of rise in the costs of trade with European countries, the British export businesses would likely become less competitive in the EU

Therefore, in conclusion, having weighed up both sides of the arguments of both staying as part of the EU and to leave the EU, I would be in favour of Britain remaining within the European Union. When looking at the benefits for each side, the UK would benefit most in terms of employment, immigration, taxes, trade, and economically by remaining as part of the EU. As discussed earlier, the EU is the UK’s biggest trading partner and the largest single consumer market in the world, leaving it would certainly involve a level of risk. However, although withdrawal from the European Union could cause some disruption to the economy, it is most unlikely that export sales to EU markets would cease completely, and monetary policy can be relaxed, and over time flexible wages and prices would help to recover employment rates.

I reached this conclusion, as it is evident that there are many downsides to the leaving EU, such as political problems, and possible destabilization of certain countries. Also, the idea that the removal of the UK from Europe could cause another Scotland Referendum, which, if successful, may be the final straw, that collapses the British empire.

As part of the EU, the UK is in the single market, this enabling tariff- free trade between members. As you can see, from the table on the right some other countries have their own agreements and this can give an idea of what is to come for the UK.

many nation’s political leaders. Europe was in ruins following the war, and the funding received through the Marshall Plan was crucial in the recovery of Europe. Although Integration began following the war, it truly went in motion following the signing of the Treaty of Rome.

The leave EU campaigner’s side is telling people how much money UK could save when we leave, how UK could have the right to trade with other countries freely, and how the UK could have a more secure border. If the UK vote to get out of the EU, the truth is, no one really knows what will happen or what will not

Britain withdrawing the European Union has always been an ongoing discussion, one of the many goals pursued by some British political parties, along with groups of people and individuals. Leaving the European Union is a right that every country that is part of the Treaty on the European Union has (Article 50 of the treaty), and this is what the Conservative political parties that proposed the referendum are triggering to impulse a faster withdraw from the EU; specially the new prime minister Theresa May. There had been another referendum in 1975, but it resulted in

Any country who is considered as EU member will not have trade barrier such as non-tariff. UK could probably strike a quick deal with other membership of EU and easily to access to products from other European countries that are membership of European Union. If Brexit is completed, UK is losing numerous advantages of trading. In accordance with Prime Minister Theresa May, leaving the EU means it will take more time on the trade agreement, and the UK would have to operate under World Trade Organisation rules, which could mean customs checks and tariffs(BBC). This means that the trade barrier now exists. The UK would pay tariffs on goods and services to exported into the EU. Businesses need to pay taxes that are on products, which means they are making less

The first and the most unfavorable outcome of Brexit is that the UK would lose the trading agreements with its largest trading partner - European Union. The membership in this organization meant the decline of the transaction costs and fees on trading operations between the members of the union. In fact, European Union members have the free trade agreement, which means the free flow of goods and services between the countries. According to BBC (2016) Britain has the negative trading balance with the rest of the EU, which means that it exports more