The planned withdrawal from the European Union by the UK is among the global issues that have become popular in media and press worldwide. The EU was founded in 1993 as an economic and political union. The union allowed the liberalization of trade barriers amongst the member states and even culminated in the adoption of a common currency, the Euro. Nevertheless, approximately two decades after, the UK has expressed its interest to leave the union following aggressive pressure from the Conservative and the UK Independence parties. The validity of the UK intention to leave the union lies on the merits and demerits balance. This issues have made the Brexit move controversial to the extent of requiring a referendum.
The proponents to the Brexit argue that the union has been hampering the UK from engaging in trade outside the trading bloc. Also, the welfare benefits in the UK have been recorded to deteriorate due to the uncontrolled immigration allowed by the union. On the other hand, opponent to the Brexit have been arguing that leaving the union is likely to cripple down the UK economy and to some extent.
Since Britons have expressed their desire to exit the European Union, the main concern is whether the UK will become better off after the full implementation of the exit. In particular, major issues of concern such as how the country will continue to attract investors. In addition, there are questions on whether the country will continue being Europe’s financial hub. Finally, there is a concern on whether the country’s welfare costs, such that of providing housing and insurance, will decrease due to a reduction in the number of EU foreigners accessing these services in the UK. Finally, there is concern on whether the reduction of EU related costs will lead to economic growth in the UK.
Allen, K., Oltermann, P., Borger, J., & Neslen, A. (2015). Brexit – what would happen if Britain left the EU? The Guardian.
- The source will shed more light when arguing for or against the Brexit.
Anushka, A. (2016). Restricting immigration will be at heart of Brexit deal, Theresa May says. The Guardian.
- This source provides information on one of the reasons why Britain wants to leave the EU.
Beckerman, C. (2016, June 3). Why Does Britain Want To Leave The EU? Understanding The Brexit Beef. Retrieved March 3, 2017, from https://www.bustle.com/articles/168688-why-does-britain-want-to-leave-the-eu-understanding-the-brexit-beef
- This is credible and academic source website that explains all the reasons that UK has put forward as justification in exiting EU.
Boyle, C. (2015, May 27). Just what is the UK’s problem with Europe? Retrieved March 31, 2013, from CNBC: http://www.cnbc.com/2015/05/27/why-would-the-uk-want-to-leave-the-eu.html
- The source also examines the reasons why UK wants to leave the union.
MacShane, D. (2015). Brexit: How Britain will Leave Europe. London: I.B. TAURIS.
- This is a textbook that has analyzed the Brexit and anything associated to it in a detailed manner hence a credible source.
Swinford, S. (2017, Jan 6). Bank of England Admits ‘Michael Fish’ Moment with Dire Brexit Predictions. The Daily Telegraph.
- The article looks into the most serious matters that are motivating UK to leave EU.
Wood, N. (1994, Nov 28). Goldsmith forms a Euro referendum party. The Times, p. 1.
- The periodical article provides information on the history of the UK agitation to leave the EU.