Reasons For Britain To Leave The EU

As stated on page 1, the current EU members and even EU progressing members aren’t guaranteed to be the final candidates. Britain have voted for leaving the EU, even though they have been a member of the EU since 1973. This indicates Britain doesn’t have recent first-hand experience of what it’s going to consist of, therefore it’s going to be a large risk. Besides this, Britain have been reluctant to change their currency in order to comply with EU values which may indicate the UK should’ve left a while ago. The idea began in 2015, with the conservatives suggesting the idea, pledging to hold a referendum.

David Cameron announced his resignation as Prime Minister after Britain’s vote to leave the European Union. He wanted a new leader to be chosen by October. According to the Wall Street Journal, Cameron’s successes paved the way to his defeat.

Over the next few years the issue of the UK’s membership of the EU is likely to be at the centre of political debates. The main parties recognised that a referendum on membership was necessary but it is incredibly difficult to overstate the significance of a vote that would determine whether the UK remains part of the union, the wealthiest economic entity in the world (Portes, 2013).

This report will outline pros and cons of the UK’s decision to leave the EU. A referendum on The United Kingdom’s membership of the EU took place on Thursday, June 23. Britain has voted to leave after nearly half a century – this is otherwise known as Brexit. But the UK will not leave immediately.

The European Union’s economy, despite being one of the largest in the world; very comparable to the size of the economy of the United States, does not provide a great benefit to the UK. Both the economies of the UK and of the EU are less than ideal for the respective nations, but

Brexit is a term commonly known as Britain exiting from European Union membership. The historic referendum on the UK and EU membership held on June 23, 2016. Although majority of Londoner wanted to stay with EU, 52 percent voters voted to support the leave campaign to leave European Union. Since World War two the world saw a rising trend of economic development and globalization in Europe. Brexit has ended this trend. Since United

In 1980, the Leave vote poll peaked at 71%, which is just over two thirds of voters, and in 1991 the stay votes peaked at 70%. Between 1997 and 2012 the gap between the remain and leave vote have been very close, with each overtaking one and other many times. However, in 2012 the votes split back again, to an overwhelming majority for remain, however this gap got tied on February 15 with a 50/50 split. As mentioned in the previous paragraph, if the UK leaves the EU it will most likely cause a reaction of the Scottish population to have another independence referendum, which shows just how opposed the Scottish public is to the idea.

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).

The UK people decide to leave the EU (British exit, or Brexit) through a referendum on June 23, 2016. The stock market reacts negatively to the results of this Brexit referendum. The value of the pound immediately drops. The reasons behind this referendum are that during the EU membership, the citizens of the United Kingdom feel that the sovereignty of the state is not enforced, the issue of immigration and the amount of contribution to the EU budget which is not comparable to that returned by the British.

Brexit as a word is the combination of two words, Britain and exit and we get the term Brexit. There were some people against and some other people who supported this idea. People who support thought that being part of the European Union was leaving Britain without identity as a nation, therefore leaving European Union was necessary to restore their culture, sovereignty and to have the complete control over their decisions as a country. One of the main reasons why Britain’s leaders decided to leave was immigration, they did not want to accept refugees and as part of the European Union they had to accept them. The referendum took place on June 23rd by Britain’s citizens who voted and decided they would leave European Union. The results were 52% on favor of exit European Union, 42% wanted to stay.

The future of the United Kingdom has never been so uncertain. The British Prime Minister, David Cameron, is keeping the promise he made in 2015, to hold a referendum on whether or not the United Kingdom should remain a member of the European Union. The referendum will take hold on Thursday, 23rd of June of this year. But the results of the last opinion poll held on April 12th to 14th, show, that the British public is fairly evenly split, as 40% want to remain in the European Union and 39% want to leave. The members of the United Kingdom Independence party and other British keen to leave the Union, argue that the UK and its policy makers are being held back and manipulated by the EU, who make too many rules for business, immigration laws and charges billions of pounds a year in membership fees for little in return and undermining the British interests. However, the UK’s investment in the membership and acceptance of rules of the EU, gives the UK far more benefits by allowing it to grow academically, economically and ensures safety for all its citizens and is therefore better off staying a member of this peacemaking Union.

The beginnings of what we know today as the European Union can be traced back to 1952, and the formation of the 'European Coal and Steel Community ' by the 'Inner Six ' founding member states. The ECSC was one of the first examples of a supranational union , designed to prevent the calamity of the two Great Wars from ever happening again. The ECSC later developed into the 'European Economic Community ' in 1967, before formally becoming the European Union (EU) in November 1993.

After the United Kingdom’s (UK) decision to leave the European Union (EU) there has been numerous questions and uncertainty of how this will impact the British economy and its trade market. By enlarge the majority of large businesses argue that it will have a negative impact and consequently have backed out of protentional new investments in the UK because of this uncertainty. An example of this is Lloyd’s of London who have axed plans for a new sharing worth potentially 9 billion pounds due to post- Brexit instability. This may also be the case for many large businesses until the leave is complete and the economy is once again stable. However, it can also be argued that Brexit may very well lead to new trade opportunities outside of

The odds for a Brexit have been increased dramatically during the last few weeks. The most recent poll conducted by ORM on behalf of Independent shows a 10% lead for leave while the previous polls were giving a 50-50 vote.

In the United Kingdom, the creative sector as a whole represented £87 billion to the economy and employed 130 000 EU nationals in 2016. The Fashion industry hires 880 000 people making it the fourth highest employer of EU nationals within the creative industry (Grace Cook, 2017 ). This industry was worth on its own £26bn to the UK’s economy in 2014 and £28bn in 2015 . On the 14th June 2016, the British Fashion Council released their survey results about the Brexit Referendum. Almost 500 designers were contacted, 290 responded. With 90% in favour of Remain, 4.3% for Brexit, 2.4% undecided and 2.8% that stated they wouldn’t vote, these results sent a clear message . Nine days later, on June 23, Britain voting to leave by 51.9% was a breaking news . As soon as it was announced the pound “plummeted to its lowest level against the dollar in 31 years in reaction to the shocking referendum result” (Limei Hoang, 2016 ). On the 29th of March 2017, Theresa May, finally signed the letter invoking Article 50 of the Treaty of Lisbon – meaning the decision to withdraw UK from the EU.