What is Brexit? Brexit is the shorten way of referring to two words which are “British” and “Exit”. The situation that British exited from European Union. So, what is European Union? According to (Hunt,A. & Wheeler,B. 2016) The European Union - often known as the EU - is an economic and political partnership involving 28 European countries. The EU has a single market which is the agreement between the countries’ member in EU to allow goods, service, money or even people to move freely within the EU. The Single market was to create job employment, increase the trade and lower the prices. Even though, the European Union has many advantages but why British wanted to leave the Union? Because there are some disadvantages that had made British …show more content…
First, the immigration issue, according to (Rosenfeld,E. 2016) some Brits worry that the country's employment market and social services will drown under the weight of too many new residents. Also according to (Hunt,A. & Wheeler,B. 2016) Prime Minister Theresa May has said one of the main messages she has taken from the Leave vote is that the British people want to see a reduction in immigration. Why do the British people have to worry? Because the net number of the immigrants to the United Kingdom is 330,000 a year and 55.7% of the figure is the EU citizens, the other 44.2% of the immigrants are from outside the EU. These numbers have made the British feel that their jobs have been taking away by the immigrants due to (Taub,A. 2016.) many of immigrants are willing to work at the lower wages. The second issue is the sovereignty. Some of British people wanted Britain to get the fully control of their country back, so they could limited or reduced the number of the immigrants who come to work and live in their country. So, no more free movement. Also the British are feeling that their country was being held back by the many rules and regulations of the EU. Due to the (Hunt,A. & Wheeler,B. 2016), the UK is one of the 10 member states who pay more in EU budget that they get out. So the vote leave camp want to make the use of those money for their country more than …show more content…
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
With diminishing control of what happens in Britain, the British people decided it was best to vacate the union. The British were dealing with the laws given by the European members who were not living and experiencing the country themselves. To provide an example of a ghastly law given to the British people, they, as part of the European Union, were only allowed to catch 20% of the fish swimming in British territorial waters. What this meant was that tens of thousands of jobs were lost and they were not able to use one of the most significant resources given to them, as Britain is surrounded by ocean. Nigel Farage, Leader of the UK Independence Party, says that his fellow Englishmen, “effectively gave away the ability to look after one of our greatest resources to a bureaucracy based in Brussels.” Because of the way the government was set up, “Not only could the voters not change anything, but the institutes themselves are incapable of reform.” With an already maimed government, the European Union was creating more problems than it was solving. The British people had enough of giving up their rights as British citizens so the European Commission could tell them how to live. Therefore, with problems like those arising from the Union and with no hope to resolve them, Britain filed for secession and pulled out of the union
The decision of the United Kingdom to leave the European Union has served in reshaping the way politics works in Europe. On June 3rd, 2016 a massive 30 million people came out to vote on the future of their countries. In the end, the vote to leave won 51.9% to 48.1%. Places like England and Wales both voted in favor of the exit, while Scotland and Northern Ireland voted overwhelmingly to stay in. While the long term effects of this decision obviously need time to be observed, the immediate economic impact has been somewhat mixed. The day after the vote was a cause for concern in that “the pound slumped after the referendum - and remains around 10% lower against the dollar and 15% down against the euro” (Wheeler 17). In contrast to this,
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.
Brexit means that Britain is exiting or voted to leave EU. This can affect businesses in UK in a bad way because those businesses who are buying/importing from the countries who are part of EU will not experience the smooth process and cheap taxes/value of pounds . This is because UK will not experience the perks of being a member of EU anymore if they completely leave.
The decision was propelled by the personal feelings of voters over their fear of immigration. Britain’s involvement as a member of the European Union meant they had no control over their borders because of the free movement between Britain to Europe and ultimately, the rest of the world. This was a prevalent key issue in Theresa May’s pro-Brexit campaign that she insisted she would fix. She promised Britons that by voting to leave, it would ensure that Britain gains full control over immigration by being able to secure their borders at their leisure. In her Brexit Speech, she highlights the fact that controlled immigration allows for great benefits, such as improving Britain’s business, but uncontrolled immigration: “has put pressure on public services, like schools, stretched our infrastructure, especially housing, and put a downward pressure on wages for working class people”. These ramifications regarding immigration became the selling points that won over voters and pushed the “leave” vote to win. Her decision to focus on immigration paid off. The voters’ opinions reflected the strategy of May because they agreed with these consequences and wanted to secure their borders if it meant aiding themselves and their country. Pro-Brexit Britons used the vote as an opportunity to tackle the immigration issues they thought were so eminent. The matter of the fact is that citizens who voted to leave the European Union believe that implementing immigration policies and reforms, such as the closure of borders, creates a better system for the British
* Migration – greater availability of skilled foreigners, however the UK is cutting more jobs for non-EU workers who would be cheaper. [16]
Brexit is a word use for saying the UK is leaving the EU, merging the words Britian and exit to get Brexit. This is the same way the Greek got its name Grexit when its
The EU Referendum was held on 23 June 2016 and a majority of the electorate – by 52% to 48%, voted to leave the European Union, transforming the remote idea of Brexit into a very real event for which the timer was set. Indeed, for many, Brexit was an idea that the government had been
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.
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
It is precise that we begin by explaining the meaning of the term “Brexit”; it is a portmanteau of the words “Britain” and “Exit”, which was just one of the terms for the results of the 2016 referendum, the other one was “Bremain” (Britain and remain) which was a lot less promoted and controversial. For the 2016 referendum, 52% of the votes went for Britain leaving the European Union, in a poll with 72% of participation, a total of 33.577.342 votes, 17.410.742 for Brexit and 16.577.342 for Britain staying in the European Union (BBC World, 2016). England voted for Brexit, by 53.4% to 46.6%, as did Wales, with Leave getting 52.5% of the vote and Remain 47.5%. Scotland and Northern Ireland both backed staying in the EU. Scotland backed Remain by 62% to 38%, while 55.8% in Northern Ireland voted Remain and 44.2% Leave (Hunt and Wheeler, 2016).
Before diving straight into things, here is a very brief recap of the Brexit, thus far. * On Thursday 23rd June 2016, the Referendum on the United Kingdom 's membership of the European Union, otherwise known as the 'Brexit ' vote, was staged for a third time with historic consequences. Where the majority of the votes from the participating population supported the bid to leave the European Union, 48.1 to 51.9%. The result leaving the British economy in pieces, major politicians forced to resign, including those that supported the bit to ‘Leave’, along with the then Prime Minister David Cameron and the
On June 23, 2016, the famous referendum vote to determine if the United Kingdom should remain part of the European Union or leave was held. A large turnout of over thirty million individuals cast their vote, representing more than 71 percent of legal voters. Those in favor of the British exit, also known by its nickname Brexit, won with a 52 percent majority vote. England and Whales represented the majority that supported Brexit, while Scotland and Northern Ireland leaned strongly towards remaining with the European Union. The completion of the referendum called for the United Kingdom to invoke Article 50 of the Lisbon Treaty . This gives the United Kingdom the right to legally withdraw from the European Union, following their own nation’s requirements to put the process into action (Hunt and Wheeler).
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.
UK farmers have resented several articles of 1107/2009, desiring a more risk-based approach that is science-led, similar to the one carried out by the US Environmental Protection Agency, where more actives and products would be available through a faster and more pragmatic process. Nick von Westernholz, CEO of the Crop Protection Association (CPA), believes that Brexit is the golden opportunity to enforce pesticides regulations that support UK farmers and allow them to trade on a global scale. Furthermore, Dr. Colin Ruscoe, President of the British Crop Protection Council (BCPC) expresses his faith in Brexit as being the UK’s time to “take back control” (Loughlin, 2016). Farmers and the pesticide industry believe that the current hazard-based approach is too stringent, placing the EU in a position of being economically unattractive in respect of the development of new active substances and new plant protection products (Chapman, 2014).