Brexit

WHAT WILL HAPPEN TO THE UK AFTER BREXIT

The good and the bad of England leaving the EU.

The question for the United Kingdom to stay in the European Union has lingered for more than a generation. On Thursday 23 June 2016, the British people finally voted in favour of separation from the European Union with 52% of voters voting yes to Brexit. The close results of the referendum were only a reflection of the debate at the heart of the British political scene at the time. Now that the decision is made, the challenge is no longer to know whether the nation should remain in the European Union, but to analyse what the consequences of this decision will change the face of Europe, and to identify the advantages and disadvantages of Brexit.

Advantages & Disadvantages of Leaving the EU

PRO’S

CON’S

BREXIT IS AN OPPORTUNITY FOR THE UK TO SHINE:
The United Kingdom has the chance to become the most potent economic hub in Europe with Brexit. If the British policy, free from the constraints imposed by the European Union, can create an attractive economy for all its actors by reinventing free trade, the country will be strengthened, and the leadership of Europe will change hands.
INVESTMENT POTENTIALLY LEAVING THE UK:
US banks, giants in the auto and agribusiness industries, and many other critical economic players may be forced to relocate their businesses within the EU, forced to lose access to the single free-trade market and therefore no longer able to freely circulate their employees, products and services to and from Europe. This has the potential to squeeze UK’s tax revenues dramatically.
FREE FROM EU TRADE REGULATIONS:
By emancipating itself from the European Union, the United Kingdom should be in a position to adopt a favourable trade policy for the nation, regardless of the welfare of member states, or to comply with the regulations imposed by Brussels.
ACCESS TO EU FREE TRADE SINGLE MARKET:
It can be easily predicted that the European Union will not go easy on Great Britain regarding access to the European free trade single market, to make the United Kingdom an example not to follow and discourage other member countries to leave the union as well. Knowing that almost 50% of British exports are destined for the European market, the question of free trading represents one of the biggest challenge that the country must overcome and will undoubtedly be the cause of long years of negotiations that will slow Britain’s growth until a new agreement, satisfactory to all parties involved, is ratified.
NO MORE MEBERSHIP FEES:
While it is true that Great Britain has benefited from £4.5bn of expenditure, the country has also contributed in 2016 to the European budget to the tune of £13.1bn, making the British net participation £8.5bn that year. The exit from the union, therefore, means the automatic saving of several billion pounds.
NO EU MEMBERSHIP ADVANTAGES:
One of the most challenging aspects of Brexit to be determined in the short term is whether to no longer participate in the European budget and thereby give up benefits such as, among other things, the European free trade market, will it be more advantageous for the British economy or not.
THE TOTAL SOVEREIGNTY OF THE BRITISH PEOPLE:
Freed from the constraints imposed by the European Union, the sovereignty of the British people is strengthened and resume control of their domestic affairs.
INTERNATIONAL POLITIC ISOLATION:
The United Kingdom no longer part of the European Union is isolated and will, faced with the challenges that the future holds for the continent, compete alone against a strong union of 27 cooperating member countries.
CONTROLLING THE COUNTRY’S BORDER:
In the current mass immigration climate and the United Kingdom’s attractive character, Brexiters can look forward to having control over the people coming into the country to live and work.
RESTRICTED ACCESS TO FOREIGN TALENTS:
Although it is true that being part of the European Union makes the control of hundreds of thousands of people from other member countries impossible, the European immigration to the United Kingdom has had a massively positive impact on the economy of the country. Cutting off bridges and making immigration more difficult will restrict access to a cheap, qualified labour force.
MORE JOBS FOR THE BRITISH:
A drop in immigration will mathematically make more jobs available for British people.