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Brexit influence on uk economy
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The British have voted for the United Kingdom to leave the European Union with a 52% majority. The political, economic, and social pressures of the EU led to the people’s decision to withdraw our association with the EU to regain control of our country. During the upcoming negotiations with the EU and future trade partners, we need a strong and united government to achieve a successful and swift exit from the EU. Leaving the European Union will benefit the UK and its people by restoring control to the government of its financials, trading, economy, law making, and immigration.
Financial Control
It is time for the UK government to take responsibility of its own finances. Currently, the UK pays an estimated £163 million per week to the EU, which
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The opposition of Brexit argues that without the EU the UK will have to negotiate with over 50 countries to reach similar agreements as the EU provides us today (Giles, 2016). However, the EU has restricted the UK from entering into trade agreements with close allies like the Australia and New Zealand and powerful potential partners such as China and India (“Why Vote Leave”, 2016). Our fast economic growth will attract future trade partners, giving us strong negotiation powers. We will start working on the WTO rule compliance immediately to promote successful trade …show more content…
Currently, half of the laws made by the EU are put into place by Brussels bureaucrats who are unelected officials, going against the core of democracy (“Why Vote Leave”, 2016). The UK should not allow an outside administration dictate its laws. The EU undermines the power of our world-class police and security services through the Charter of Fundamental Rights (“Why Vote Leave”, 2016). With one of the best intelligence services and the fourth largest military power in the world, we are exceedingly capable of governing and protecting our own country without EU interference (“Why Vote Leave”,
The European Union has been helped economically ever since World War II. Right after World War II’s end, Europe was struggling to hold on. The countries of the modern-day European Union thought it would be a good idea to come together and help each others struggling economy. To this day, this decision has had a very positive outcome on the EU’s economy. As shown in Diagram 1, the European Union combined together has the world’s highest GDP at 18.3 Trillion USD as compared to the United States’ 17.4 Trillion USD GDP and China’s 10.4 Trillion USD GDP. The idea
Britain afford to pay for a war like this? The only way to pay for a
The European Union today is a political and economic entity that controls in a single market located mostly in Europe exploiting Euro as a single currency uniting the vast majority of its members. The market that all European Union members share provides free trade of goods and services as well as a common external tariff. One might argue that the European Union would not perceptible its current influence had it not been for the introduction of the Euro. Speaking of the benefits of the Euro, one can name the elimination of exchange rate problems, creation of a single financial market, providing price stability, low interest rates as well as being a political symbol of unity and commitment to the Union. Today, Euro is the second reserve currency in the entire world - a fact that clearly speaks for itself of its value in the global market.
The United States has for over two centuries been involved in the growing world economy. While the U.S. post revolutionary war sought to protect itself from outside influences has since the great depression and world war two looked to break trade restrictions. The United States role in the global economy has grown throughout the 20th century and as a result of several historical events has adopted positions of both benefactor and dependent. The United States trade policy has over time shifted from isolationist protectionism to a commitment to establishing world-wide free trade. Free trade enterprise has developed and grown through organizations such as the WTO and NAFTA. The U.S. in order to obtain its free trade desires has implemented a number of policies that can be examined for both their benefits and flaws. Several trade policies exist as options to the United States, among these fair trade and free trade policies dominate the world economic market. In order to achieve economic growth the United States has a duty to maintain a global trade policy that benefits both domestic workers and industry. While free trade gives opportunities to large industries and wealthy corporate investors the American worker suffers job instability and lower wages. However fair trade policies that protect America’s workers do not help foster wide economic growth. The United States must then engage in economic trade policies that both protect the United States founding principles and secure for tomorrow greater economic stability.
As Ian Fletcher pointed out in Free Trade Doesn’t Work: What Should Replace it And Why, nations need a well-chosen balance between openness and closure toward the larger world economy (Fletc...
The most significant and challenge to the traditional view of parliamentary sovereignty was Britain’s membership of the European Community in 1972. The European Communities Act 1972 brought with it the requirement that European Law be given priority over domestic courts over conflicting issues of national law. This notion was a direct affront to parliamentary sovereignty, which required that if a later statute, contradicted and earlier statute, which sought to incorporate European Law into English Law, then the later statute should impliedly repeal the earlier statute. Therefore the European Communities act imposed a substantive limit on the legislative ability of subsequent Parliaments.
However, it is important to realize that in the absence of a codified constitution, there is no formal separation of powers. The functions of legislature and executive are inter-related and ministers are members of both. Overlaps do occur, which can question its effectiveness in protecting the rule of law. Unlike US, in the UK, the PM is always the leader of the leading party, which makes scrutiny much harder and makes the likelihood of exploitation of powers more likely. Parliament is always a supreme legislating body, and British judges have no power to question the validity of the Acts of Parliament. The impact of the EU, especially in protecting the basic human rights due to the absence of the UK’s equivalent, and in this sense, the separation of powers doesn’t play a crucial role in upholding the rule of law subject to the interests of minorities.
When analysts criticise the lack of democratic legitimacy in the EU they generally point to the mode of political representation and the nature of policy outputs. Only one branch of the EU is directly elected is the European Parliament. Though stronger than it once was, the EP remains is actually only one of four major actors in the EU policy-making process. The EP is a body without power or accountability, and easily dismissed just as a ‘talking shop’ (Colin Pilkington.) Only 75% of its amendments are accepted by the Commission and the Council of Ministers.
To enable Britain to fulfil its part of the United Kingdom’s responsibilities within the European Union.
The European Union (EU) is fundamentally democratic and is evident through its institutions, however, the current democratic electoral structure is of great concern. The EU is a new type of political system, often referred to as a sui generis, implying its uniqueness as there exists and a non comparable political body. The EU can neither regarded as a ‘state’ nor as an ‘international institution’ as it combines supranational as well as intergovernmental characteristics (Hix, 1999, p7). In this regard it has developed its own understandings of what democracy is. It is evident that the development of and spread of democracy is a central concept and foundation to all politics within the EU, and remains focuses on makings its governing institutions “more transparent and democracy”. The recent Eurozone crisis, it’s associated anti-crisis measures and the recent enlargement of EU have however re-invigorated debate about the EUs democratic legitimacy. At the heart of the debate are discussions not about whether the EU is an all-encompassing democratic institution but rather what are ‘democratic deficits’ or the democratic shortcomings that exist within this powerful economic and political union. Underpinning these divisions as Schmitter argues, are different understandings of what democracy is in the modern context and more specifically in the unique context of the EU. This essay will argue that the EU presents a unique type of political system that is fundamentally democratic, however, there are democratic shortcomings within its procedural and institutional structure.
The EU is a union of sovereign European states who share sovereignty based on treaty. The union also possesses competences in policy sectors with exclusive jurisdiction in the area of Economic and Monetary Union while others are shared with Member States (MS), the other powers belong to MS as derived from the conferral of powers art 5(2) TEU, 2(1) TFEU art.3 & 4 TFEU additionally other powers have been offered by the decisions of the European Court for direct effect on citizens
It is the role of every government to safeguard its people in all matters including controlling the economy. Every economy faces different challenges including the business cycles that may emanate from the global market. In this paper we try to examine measures taken by the UK’s coalition government in trying to ensure that the economy benefits every citizen and reduces the overall burden to it. We consider the recent comprehensive review on spending.
Because it could be quite complicated to look at the EU model from a point of classical democratic nation-state, it seems to be reasonable to discuss this problem, not by abstract reasoning, but by focusing on a concrete case. European Union is the best case available, which in recent decades has developed into a new type of political system with enormous consequences on democracy and governance in its member states. Despite repeated attempts for major institutional reforms, this system is likely to persist in its basic structures for the future and is unlikely to develop into a federal state or to disintegrate into a classic international organization. The present state of democracy and governance in the EU is therefore worth to be analyzed, as it is not a mere transitory state.
The United Kingdom was a member of the European Union. The European Union is an example of the second most integrated arrangement, the economic union. Therefore, voting to leave is a direct effort to reverse regional economic integration.
Fletcher, I. (2011). Crumbling of Free Trade – And Why it’s a Good Thing. Retrieved from