The United Kingdom Of The European Union

Britain wasn’t the member of those 6 European states who signed the Treaty of Rome in 1957, and joined the European Community formed in 1967 only in 1973. So Britain missed the chance to have an

On June 23rd 2016 the United Kingdom voted to leave the European Union. This referendum is one of the most significant votes of a generation and will have substantial political and economic consequences for the UK and the wider world. Since the result of the vote, very little information regarding the terms of Brexit has been disclosed by the UK government. This has caused considerable economic instability, resulting in fluctuating currency markets and significant drops in consumer and investor confidence. Despite the general consensus that Brexit will have a negative impact on the UK economy in the long term there may be some benefits for the financial sector, such as a decrease in the stringent financial regulation that

On June 23, 2016, a major decision was announced to the world that would send ripples of ambiguity with regards to the future of Britain and how their role globally would affect financial markets: The Brexit. The Brexit is perhaps one of the most monumental, nationalistic and financially influential choices the world has seen within the past decade. As Britain moves closer to individualizing itself from other European countries, the future of financial institutions and markets comes into question as it becomes filled with uncertainty and potential volatility. A look at the importance of Britain in the European Union (EU), the reasons why Britain made the profound choice to exit, and the influences the Brexit will have overall, can give insight as to what expectations financial institutions can possibly have in the upcoming future. Though financial institutions will adjust accordingly to the upcoming and current instability, it’s ultimately the market that will figure itself out and gravitate upcoming volatility towards the mean.

The United Kingdom joined the European Union in 1973 for improved economic stability and to establish themselves as a European power. During World War II the United Kingdom had grown economically, however after the war, the UK nationalized many core industries such as health care and it negatively affected the economy (Coricelli). In joining the European Union, the United Kingdom hoped for investment opportunities in machinery and stability in the economy through jobs and trading partners (Coricelli). Since joining, the United Kingdom has had a strong foothold inside the European Union. The UK holds 73 members in the European Parliament, 24 representatives on the European Economic and Social Committee, and as of 2015, the United Kingdom is

The United Kingdom ranked first in the amount of chocolate consumed per person in 2011, 11 kilograms per person, revealing the importance the chocolatier industry has. (Statista) A major player in the market is the Thorntons Company, opened by Joseph William Thornton in 1911 as a family business. (Thorntons, 100 Years of Thorntons) Currently, the company has a variety of products ranging from chocolate, toffee to fudge. The company is proud to announce that it “uses the finest cocoa beans to create divine dark, smooth milk and creamy white chocolate collections.” Thorntons has also become famous for its products targeting special events, such as Christmas baskets and chocolate Easter eggs. (Thortons, About Thorntons)

In the United Kingdom, it seems an ever-increasing proportion of the population are becoming eurosceptic. Euroscepticism in the UK is the distrust and scepticism of the relationship between the United Kingdom and the European Union and is considered a controversial and important concept in British Politics. This increase in Euroscepticism in the UK has contributed to an EU referendum on the 23rd June 2016, during which the United Kingdom will either decide to continue as a member state or to leave the European Union. Euroscepticism within the United Kingdom is an increasingly relevant topic. I am going to explore why Euroscepticism is on the rise in the United Kingdom and what those contributing factors are. Firstly, I will clarify the history of the relationship between the UK and the EU, and how Euroscepticism is not a new phenomenon. I will then explain what the contributing factors to rising Euroscepticism in the UK are in the following order; the importance of Britain’s sovereignty and independence, the Eurosceptic nature of the British media, increasing immigration issues and terrorism threats, and the rise of anti-European political parties.

The United Kingdom (UK) which commonly referred as the UK or sometimes Great Britain is a Sovereign State located in the arena of Europe (Gürüz, 2008). The United Kingdom is a constitutional Monarchy with a perfect and highly powerful parliamentary system of Governance. The United Kingdom (UK) is known as a highly developed country, and the most important country located within the region of the European region. It is known as the 4th largest economy of the world in terms of Nominal GDP and tenth largest economy of the world in terms of Purchasing Power Parity (PPP). The UK is considered as a high income economy with a constantly high level of Human Development Index (HDI) and high per capita income (Gürüz, 2008).

There is empirical evidence that the European Union did have legislative preparation for an emergency such as the current migrant crisis, however the question is; what is wrong with the European Union provisions? This chapter will chronological analyse the history of the provision for ‘migrants’ protection in Europe and where it has gone wrong in relation to the current ‘migrant’ crisis. It will also discuss the establishment of the European Union border protection Agency (FRONTEX) and its inability to cope with the current migrants’ influx.

Following United Kingdom membership to the European Union in 1973 alongside other European states, further economic integration of the states lead to the Maastricht agreement of 1992 . The central feature of the agreement was the incorporation of the European monetary union (EMU) the EMU was based on four financial principles of inflation, long-term interest rates, fiscal debt and deficit and exchange rate. The aim of the Union was to harmonise trade and economic relations across member states and as such the EMU imposed restriction on infrastructure investment through strict borrowing limits. As a member state Britain had to comply with the four criteria despite the pressure it placed on its public borrowing and financing of infrastructure. To meet its social responsibility the United Kingdom government started the private finance initiative.

One of the main objectives of the European Union (EU) is the establishment of the internal market, which shall consist of “area without internal frontiers in which the free movement of goods, persons, services and capital is ensured. The internal market is based upon a customs union achieved through the abolition of the imposition of customs duties and charges having an equivalent effect and the prohibition of discriminatory taxes on intra-EU imports. The internal market is enhanced by the provisions on free movement of workers, freedom of establishment, free movement of services, and free movement of capital. Whereas Articles 28 to 30 of the Treaty on the Functioning of the European Union (TFEU) provide for the establishment of an EU common external tariff and the elimination of customs duties, Articles 34 and 35 of the TFEU (with exceptions under Article 36) go further, and prohibit quantitative restrictions and measures having equivalent effect. Taken together, Articles 28 to 32 and 34 to 36 serve to ensure the free movement of goods within the EU and to facilitate the operation of the internal market.

It is true that the European Union is taking the steps to have the rebuilding of security against terrorism. The military forces have started to take the actions in order to cope with the increasing issue of terrorism. However, it is also true that the miss-conception has been formed regarding the image of Muslims in the Europe as they are being subjected to wrong treatments for the terrorist impressions as research reports that “…The Ministry of Defense decided to deploy 10,500 soldiers to sensitive areas, with nearly half of them assigned to the protection of the country 's 717 Jewish schools…”

Brexit is a an abbreviation of “ British Exit “ out of European union which refers to a referendum held in United Kingdom wherein all the eligible voters of UK were asked if they want UK to be part of the European Union or Leave the European Union. 51.9% voted to leave and 49.1% voted to remain in European Union.

The European Union (EU) is composed of twenty- eight European countries. Since its inception in the early 1990’s, the EU has moved major European countries towards economic cooperation. Lately, the fundamental and economical disparity of some of these countries, specifically Germany and France has caused dissent within the Union. The debate over fiscal policy, in particular, austerity implementation has left the two European powerhouses at odds on the best possible way to regain regional stability. This paper will seek to shed light on as to why these two countries have such differing views of austerity and to describe the issues that arise due to them.

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.

The European Union was formed after WW2 in the late 1940s. The main purpose behind the establishment of the European Union was to end the period of wars between neighbouring countries and unite all of Europe as one strong economy. The nations officially started joining the European Council in 1949. The initial six nations that acted as founding members for the European Union were Belgium, France, Germany, Italy, Luxembourg and Netherland (European Commision, 2014). Overtime, more nations joined in and united 28 countries till 2015. The additional countries that joined in included Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom (European Commision, 2015).