Should We Stay in the Eu

Britain in the years after 1950 was especially concerned at what joining the EEC would bring. The British finance minister Harold Macmillan worried that by joining they would damage their internal commerce system even if they were gaining new outside trading opportunities (Document 7). As finance minister, he was likely thinking purely money and not acknowledging the other factors associated with unification. The EEC did not seem to be the perfect fit but staying out of it would put out the impression of isolation. Britain wanted “a way of associating with this initiative in Europe in such a way as to benefit us all”.

This gives the UK a strong position to influence the long-term goals of the Council, where they will be able to seek compromises with other EU states to pursue legislation that is in the UK’s best interest, and to project the UK’s interests (Open Europe). While if they were outside of the EU, they would not have any ability to directly influence the policies of the EU that have helped them in the past. For example, Tony Blair using his influence in the European Council to launch the Libson Agenda for economic reform, is a example of British intervention that not only benefited the UK, but the entire EU as well (Lake). Additionally, being tied for the second highest number of MEPs in the European Parliament (EP), the UK has an influential role on all of the decisions that go through the EP.

The ECSC was set up under the Treaty of Paris in 1951 with 6 countries signing. These countries were France, Italy, Luxemburg, Holland and Belgium. Britain was expected to join the ECSC but this was not the case. Britain at the time had a far superior economy in strength than the rest of its European counterparts and felt the union would only inhibit them Economically.

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

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.

"Cameron: Britain's Referendum on EU Membership to Be June 23."The New York Times. The New York Times, 19 Feb. 2016. Web. 29 Feb. 2016.

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

When considering joining the European Union, countries think about how they will benefit and one way they can benefit, is through the economy. First of all, there is a common currency, the euro. This makes moving from country to country easier, as well as giving nations in the European Union a feeling of unity. Europeans can move freely within Europe and do not have to worry about exchanging currency. Having the euro is also beneficial because it eliminates trade barriers, by having the same currency, it will be easier to trade. There will be no need for conversions when trading throughout the European Union. Also, the free trade area is beneficial

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.

The United Kingdom initially joined the European Union in 1973 for economic reasons hoping to promote trade and form relationships with other states in the Union. In 1975 the UK held its first national referendum on withdrawal from the European Economic Community. According to the poll,” 67 % of Britons voted to stay in the EEC and 32 % voted to leave the union” (GYE). Because of this result the UK stayed in the EU in 1975. Over the past 40 years the European Union has been through a lot of change, many more countries have joined the organization and the EU has extended its control over more aspects of daily lives. These changes have sparked a lot of controversy coming from both the UK public and

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.

“Whatever happens, Britain will surely require vast new numbers of bureaucrats, people to work on the new arrangements and people to enforce them. It will almost certainly turn out that Britain saved money by being part of Europe, because economies of scale made regulation much cheaper. It will almost certainly turn out that Britain was more powerful — with more sovereignty — when it was part of a large organization with international clout. Many of the other parties to those 759 deals will seek to take advantage of an isolated country with far fewer allies. British consumers, workers and entrepreneurs will pay the

I have come to the conclusion that my hypothesis is valid, it would be disastrous if the UK decided to leave the EU.

Throughout history, countries have made agreements and alliances in order to improve their economy, their government, and their international trading. Countries must decide whether an agreement will be beneficial for the country in the long run or if it will have more of a negative effect on their economic and trade relations than a positive one. Two of the most significant international agreements that have been made in history are the European Union and the North American Free Trade Agreement. These agreements are two examples of how international agreements positively affect countries and their economic status. The EU is a political and economic union of 28 European members of state, which the United Kingdom is currently departing from.

However, there a number of hindrances that may limit the UK and the EU in achieving a compromise where the UK would be allowed the join the EFTA and EEA. Currently, the most relevant variable is the general election on the 8th of June and the different stances held by the