On Thursday, June 23, 2016, United Kingdom voted in a referendum to determine whether it should remain or leave in the European Union. After more than thirty million votes, over seventy percent of the citizens of the United Kingdom, the result was an exit from the EU by the minimal margin of two percent. Although, the United Kingdom does not actually exit the European Union until two years after the vote, in accordance with Article Fifty of the Lisbon Treaty, the United Kingdom is already feeling the effects of the vote due to a drop in confidence. Immediately after the so-called “Brexit”, multiple changes occurred. Firstly, the Prime Minister of Britain, David Cameron stepped down, being replaced by Theresa May. Furthermore, the break from the European Union appeared to have drastic economic consequences for the British. Directly after the break, the British stock market fell greatly. Most importantly, the value of the pound shrunk drastically, dropping eleven percent of its value versus the US dollar within two trading days. This drop in the value of the currency greatly alarmed British citizens as they witnessed themselves become poorer in comparison to the rest of the world overnight. This revelation caused many previously staunch “Brexit” supporters to reevaluate the position and debate whether they would have voted in favor of the split if they had known the consequences. Even large companies were worried about the results of the referendum. A poll done by the statistical firm KPMG found that around three fourths of the CEOs that they asked were considering relocating headquarters due to the unpredictability of the break with the EU and the risk to business that it raised.
However, the “Brexit” did not solely introduce prob...
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...litical ties. Yet, it is no without flaws. The fact that the states of the economies of the member countries are so diverse poses problems for the union. Outside the union, countries have freedom to make decisions for themselves rather than be bound to the decision of the block. The decision of the British people was a risky choice, leaving the relative safety and stability of the union. It is too early to tell how this gamble will play out in the long run, but at the moment, the British economy is trending in the right direction. The United Kingdom appears to be recovering from the initial shock it was subject to after the referendum. The British leaders still have much work to do untangling the United Kingdom from its longtime ties with the European Union. Yet, if they are successful, who knows, the decision to leave the union may turn out to have been for the best.
Prutha Patel Mr. Lougheed Social Studies 09 February, 2016 Has Europe United? Do you believe that the European Union has united Europe? A supranational cooperation is when countries give up some control of their affairs as they work together to achieve shared goals. The European countries have used supranational cooperation to create the European Union because they want to prevent future wars, and rebuild the weak economy that had formed after the two wars. The European Union has united Europe because it has made Europe have a common currency called the Euro, has a common “government” for the European Union, and has all of the countries influenced when one country that is part of the European Union is in “trouble”.
In conclusion, the benefits of the UK’s membership in the EU outweigh the costs. The most significant benefit is the access they have to the single market as this has managed to benefit quite Access to single market is aiding this inward investment
To better understand Brexit, one must know about the European Union (EU). The EU began following World War II with a purpose to create economic agreements amongst the countries of Europe. The belief behind the establishment of the EU is that countries whom trade with one another are less likely to go to war. Since its establishment, the EU has grown in number of member states and in the amount of power the governing bodies of the EU possess. In 1992, the EU became a single market as if it is one country. All new members of the EU must adopt the EU’s currency, the euro, in which 19 of the 28 countries have adopted. As a single market the EU parliament sets laws in many areas: environment, transport, consumer rights, etc. The single market allows
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
On the other hand, UK is playing a major role in the single market. Thus, by leaving this market, UK
...ss laws which have not been voted on in our national parliament but will yet still supersede our laws that do go through democratic processes. It could also be argued that the UK has separated somewhat from the EU by choosing not to take on the single currency. It must seem especially to other countries that we have only foot in and one out or that the UK is simply picking and choosing. At this point, it’s too late to commit fully so surely isn’t the right thing to do is just leave altogether. After all the UK is very capable of standing on its own. It is ridiculous to argue that the UK stand alone. Firstly because of other European countries are doing it, secondly because the UK is in the position to succeed on its own, and thirdly because the UK becoming a non-member would actually give us the freedom to make independent choices and moves on an international scale.
Some Remain Campaigners and Pro-Europe MPs had hoped to use a Parliamentary vote to reject the result and claim the referendum result is only
In 2014, the country of Scotland, prominent legislative members and citizens desired to leave the United Kingdom. This was controversial in many aspects, and I would like to analyze this referendum through the scope of two schools of thought, realism and liberalism, and the economic results of Scotland staying and leaving the UK. I will show that in liberalism that Scotland’s independence referendum was influenced by political actors, and can help Scotland have a bigger voice in the international world. I will show that this can also have a negative effect on Scotland in the international world as a result of rules and regulations prolong Scotland’ independence. I will show through realism how independence can hurt Great Britain and Scotland’s overall power it the world. Finally, I will explain from an economic standpoint the benefits and costs to Scotland and the UK when they split. This can lead to damaged relationships and overall slower economic growth. My goal is to expand upon the principles we learned in our political science class.
United Kingdom has been part of the European Union since 1993. EU is both a political and economic agreement between 28 European countries. The idea came after WWII, that when countries are trading with each other, then it is highly likely that war will be avoided. Since then, it has evolved to a single market with free trade and it is as if acting as one country.
Which EU institution is the most powerful? The European Union (EU) is currently made up of 25 countries, known as Member States, which together form the largest voluntary and peaceful block of countries in the world. Many people mistakenly view the European Union as a single body whilst in fact; the EU consists of a number of different institutions that together carry out activities on behalf of the Member States. There are many institutions but the main five being the Commission, the Council of Ministers (also called the Council of the European Union), the European Council and the European Parliament and the European Court of Justice. In this essay I am going to focus on these institutions and discuss which is to be considered more powerful.
‘The UK’s membership in the European Union has fundamentally altered UK constitutional law by eroding Parliamentary sovereignty.’ Discuss.
Britain and the European Union “We have our own dream and our own task. We are with Europe, but not of it. We are linked, but not combined. We are interested and associated, but not absorbed. ”1 Winston Churchill’s famous quote aptly describes Britain’s intentions towards European integration.
I have faith that this conservative government will also encourage a strengthening of the economy to stimulate recovery and give more money to the people. Cameron would like to end Britain’s nuclear weapon program, but by doing that, he may jeopardize the British relationship with NATO. He would also like to end the country’s involvement in the European Union. Many British citizens agree with this plan to leave the EU and some have even prepared to rebel if Cameron fails to remove Britain.
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.
The issue to be discussed, as to if the advantages of the UK having a