Should The United Kingdom Leave European Union Case Study

The United Kingdom, in the next year the people will get a chance to choose their countries’ fate in whether the United Kingdom should leave the European Union. What makes this important is that it would be the first country to leave the European Union in a time when other European countries are either in negotiation or planning to join so it would be a big deal as the United Kingdom is Europe’s third largest economy. As the people are about to vote on their future, there are concern as what would be the economical, social, and political consequences while for some what would be the benefit if the United Kingdom leave. Today In the next paragraphs I would explore the United Kingdom in the European Union and the Political economical and social

Well according to the Institute of Economic Affairs, if the United Kingdom leave the European Union the economy would not be affected as the Government can negotiate a way to keep some freedoms in place like movement of goods. The Institute also claim that Britain is one of the least regulated economy in Europe as a result business would still locate their company to Britain as it is easy to operate in Britain compare to the rest of Europe and also because of the trade surplus it has with other countries in the Union, the economy would not suffer any damages (Pycock 10-16).The economy of the United Kingdom is in a better position if it leaves the EU, and According to the Telegraph " The United Kingdom will be the second most successful economy in the world"(Holehouse). According to the two sources Britain could actually benefit leaving the European Union as it would be free to trade with other major countries like China, India, and Brazil. As a result the United Kingdom could position itself as a premier destination to invest and start operation in and also a stepping stone to the European market. But the according to the the Centre of European reform, the economy will suffer if the UK leave the Union as there are about 4-6 million jobs that are directly related to the Union (Springford. et.al 28). The Government cannot afford to lose that many jobs because that mean the Government would lose millions in tax money as a lot companies would move to other countries. Because the United Kingdom is typically chosen to be the first country as their starting base if they want to do business with the EU. The two claims contradict heavily as the IEA base their report that the UK can use its economic size as leverage, While CER 's claim that the UK location and also it