BrexitIntroduction
On June 23, 2016, a referendum was held in the United Kingdom, where voters were asked to decide between remaining in the European Union or leaving it. The vote was close – 51.9% voted to leave and 48.1% voted to stay, and the turnout was 71.8% (Hunt & Wheeler, 2018). The terms of the vote were that the UK was to leave the EU by March 29, 2019, and at present the EU is in a transition period leading up to what is known as "Brexit."
Why Brexit?
There are a few issues worth unpacking with respect to why the UK is leaving the EU. The short answer is that a referendum was held, and the vote was to leave, so the politicians in charge believe that they are obligated to leave. The long answer is quite a bit more complex.
The UK was not part of the original European Economic Community, and only gained entry in 1975, and even then there were longstanding challenges, many of which relating to the tradition of staunch independence that the UK felt with respect to continental Europe (Wilson, 2014). The independence that Britain felt was manifested in a less than enthusiastic tone to membership both in politics and among the public. While there was general support, there were always strong opinions against membership. Right wing Britons took more of a realist view of international relations, as opposed to the neoliberal view – the latter of which would have supported membership the former of which would oppose it.
There are many instances of Britain seeking to maintain at least some degree of independence from the EU. It did not join the common currency, the euro, when other European powers like France, Germany and Italy did. The UK maintained its own currency, and still does to this day. Further, the EU did not join the Schengen Zone, which is the system in Europe by which people can travel freely across borders. While EU citizens still have specific rights to live and work in Britain (for...
Potential Titles The Potential Effects of Brexit on the European Union Why Did the UK Voters Approve Brexit? Developing Post-Brexit Trade with the European Union Topics The Economic and Political Impact of Brexit The International Implications of Brexit Should the UK Reconsider Its Brexit Decision? The Pros and Cons of the Brexit Decision Outline I. Abstract II. Introduction III. Body A. Background and overview B. Immediate after effect of Brexit vote C. What the future holds IV. Conclusion Abstract In June 2016, voters in the United Kingdom approved
One of the greatest blows to the European Union has been the vote of one of the Union’s key members, Great Britain, to exit the EU in a measure known as Brexit. The resolution was passed by only a slim majority of the British public. Concerns about the stability of the Union as the United Kingdom begins to make its slow break from the fold were heighted recently, according to
Brexit - Financial Market & Institutions In June 2016 majority of British citizens voted to withdrawal from the European Union (EU). Since then there has been immense debate over the impact of the withdrawal on the UK, other EU countries, and the EU as a whole. One of the areas where the withdrawal may have a devastating impact is the trading market. Focusing on the market perspective, this essay discusses the
Brexit: The Causes of the British Vote to Leave the European Union Brexit was the referendum vote that saw the United Kingdom pull out of the European Union. The European Union (EU) is a 29-member state Regional Trade Agreement bringing together various European nations. The formation of the union saw the elimination of most barriers to the movement of labor, capital and goods between the member states. It harmonized the laws,
Emerging Issues: BREXIT - Impact on Developing Countries Emerging Issues: BREXIT - Impact on Developing CountriesBrexit is an abbreviation term used to refer to British exit from the European Union following the decision through a vote on 23rd of June 2016. As a result, new trade policies were designed to look into the United Kingdom�s new strategic interests (Adeoye, 2021). The majority of Brexit supporters have claimed the need to
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