Why Britain Should Leave The Eu

Despite the fact the social benefits of EU membership are often overshadowed by the economic and political aspects, the loss of these benefits would negatively impair the freedom of the UK people, and negatively impact UK businesses. The free movement of UK citizens throughout the EU to travel, to attend school, live, and retire. Businesses do not only benefit by having to follow one set of regulations, but also benefit from having a larger source of potential employees to chose from. The EU employment rate in the UK is 3.3%, while they make 4.5% of

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

Since 1973 when the British first joined the European Union their membership has been a controversial issue. When conservatives in the United Kingdom won the general election in 2015, their election manifesto promised to hold a referendum on whether or not the United Kingdom should stay or leave the European Union. The referendum also referred to as “Brexit” is scheduled to take place by the end of 2017. The United Kingdom initially joined the union to be part of the common market for the purpose of trade and to develop international relationships. The main argument for those who are pro Brexit is that being part of the European Union is too costly for the United Kingdom, that the EU has grown to large, has interfered to far into

While the contributions of all member-states in the EU have been important and appreciated, the UK has brought a lot to the table that many other countries couldn’t. For example, the UK’s influence and the weight of just its name. For hundreds of years the UK has been powerful and if it had something to say, the world would listen. When the UK joined the EU it was a monumental victory for the existing member parties, because it meant that a powerful country, that could bring credibility and importance to a coalition previously lacking in both areas, would be joining their ranks.

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

Leave campaigners believe that leaving the EU is most beneficial for England. Their conservative and old-fashioned views further reinforce their belief.

The European Union was established as an economic and political partnership between 28 European Countries (European Union, 2015). The UK has been stayed in the EU for over four decades from 1973 to now. In 1975, Labour Prime Minister Harold Wilson had ever held a referendum on Britain’s membership in the EU and the voting result is to stay in the European Community. Recently, the article (BBC NEWS, 2015) reported that the UK has a plan to hold the second referendum by the end of 2017 to decide whether or not the UK should stay in or leave the European Union. This might be a significant referendum that may bring lots of impacts on the UK’s economy.

There are various factors behind the possible leaving the EU. There is a growing concern among the Brexit when EU exists as a superpower and the status of Britain is threatened. Questions also arise as what benefit Britain

What kind of harm will Britain pulling out of the European Union cause to the equilibrium, even with them taking precautions?

The harsh truth is that our economy accounts for just 3% of the world economy and that figure shrinks every year. Despite the EU knocking down trade barriers, the 'NO ' camp claim that our poor trade with other countries are refraining us from economic prosperity. Again, this is false. UK sales to the BRICS nations was only 6.6% of our exports in 2012. This is paltry compared to the EU, who make up the majority of our exports. And no wonder, with free access to a market holding 500 million consumers, British businesses are taking full advantage of this. The nations that supposedly hold the key to our future don 't even want us to leave the EU. The Australia foreign minister commented that, "strong, active membership of the EU" contributes to the power of our economy. The USA President, Mr. Obama, recently said, "EU membership is necessary to keep UK 's global influence." And China, which is seen as the golden nation for us to export to, has briefed that they see Britain as, "an old European country only good for travel and study." Back home, our great businesses have talked out against leaving Europe one by one. A survey for CBI found 78% of our big employers reject leaving the EU. A separate survey found that 84% of small businesses wanted to stay in the single market. And large corporations such as Goldman Sachs, CitiGroup and JP Morgan have all said they 'd switch new business to central Europe. A

As well as this, the UK would be able to join organisations that they are currently unable to, such as the World Trade Organisation and The European Free Trade Association. However, it would be ill judged to assume that the UK would be able to dictate terms with the EU simply because it is running a trade deficit. Primarily, the EU buys half of Britain's exports whereas the UK accounts for little over 10 per cent of exports from the rest of the EU, so the UK would be in a weak position to negotiate the best terms by which to continue. Furthermore, it could be argued that the UK's access to many non-EU markets is thanks to its EU membership. On its own, the UK only accounts for 4% of global. Therefore, even trade that is not within the EU is at risk and the UK faces a potential significant reduction in trade that will likely cause a reduction in economic growth unless there is sharp growth in the domestic market. Also, although gaining membership to other bodies might be of some help, joining the World Trade Orginisation would be a purely cosmetic move, as it has 161 member states meaning that the UK would not have that much clout, whilst EFTA is essentially governed by EU regulation as all the companies that operating within the EU must still operate under EU guidelines.

They impose too many rules on business and charge billion’s a year in membership fees for little in return. Britain also stated that another reason they want to leave is because of sovereignty and democracy. Britain wants the UK to take back full control of its borders and reduce the number of people coming to work and live there. In other words, they want immigration control. One of the main principles of EU membership is free movement. This means that you don’t need to get a visa to live in another EU country.

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.

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.

For example, every country has different currency and different legislation. They follow different set of rules and the value of currency differs from one country to another. According to EU’s rule and regulations member states don’t pay extra tax because they are a part of single access market. But for example another country outside of EU needs to pay tax and there is cost involved when the products or goods cross borders. Since Norway, Iceland and Lichtenstein are not European Union’s member states they pay higher tax to enter in European Union area moreover they are entitled to follow their rules and regulation and their own tariffs. If UK decides to not to be a part of EEA or single access market they will be subject to trade barriers. As a result Britain will loss vast amount of profit which they made when they were part of EU.