CASE STUDY ON BREXIT –
REASONS,
ADVANTAGES & DISADVANTAGES TO
UK AND EU
Subject-BGGE
Presented by:
Aneri
Gopi
Batul
Tamanna
Vaishali
Twinkle
What does Brexit mean?
It is a word that is used as a shorthand
way of saying the UK leaving the EU -
merging the words Britain and exit to
get Brexit
Why is Britain leaving the
European Union?
Major three reasons
1) Economics
2) Sovereignty
3) Political Elitism
They said Britain was being held back by the EU, which they said imposed too
many rules on business and charged billions of pounds a year in membership fees
for little in return. They also wanted the UK to make all of its own laws again,
rather than being created through shared decision making with other EU nations.
Immigration was also a big issue for Brexit supporters, They wanted Britain to
take back full control of its borders and reduce the number of people coming
here to live and/or work.
One of the main principles of EU membership is "free movement", which means
you don't need to get a visa to go and live in another EU country. The Leave
campaign also objected to the idea of "ever closer union" between EU member
states and what they see as moves towards the creation of a "United States of
Europe".
The difference between the lives of southern Europeans and Germans—who
enjoy 4.2% unemployment—is profound. Europe as a whole has stagnated
economically.
Conti…
Obviously, they didn’t think that Europe would throw up
trade barriers against Britain. The UK is Germany’s third
most important export target. The last thing Germany
wants is a trade war with Britain.
The second reason for Brexit is the rise of nationalism
across the world.
The immigration crisis in Europe was a trigger. Some EU
leaders argued that aiding the refugees was a moral
obligation. But EU opponents saw immigration as a
national issue, as it affected the internal life of the country.
Steering clear of this issue was an important driver for the
“leave” vote.
It’s vital to understand that Brexit was a vote against the
British elite. Voters thought politicians, business leaders,
and intellectuals had lost their right to control the system
Advantages of Brexit on EU & UK
Positive Impact of BREXIT:
Free International trade: Leaving the EU, Britain will be able to
independently access the international trade deals. You will have an
opportunity to negotiate for new deals and a chance to move goods
freely.
No membership cost: You no longer have to pay for EU membership
fee which can hinder the free movement of goods to the international
market.
No more EU trade regulations costs: Exit from EU will allow Britain to
set its own regulations for the members. E.g. rules on value-added tax.
Reduced red tapes: Reduced policies have enabled firms to increase
their productivity potential and reduce cost spend on adhering to
bureaucratic policies. Consumers can also benefit from reduced cost.
Control immigration: The UK government will be able to control and
regulate the immigration of individual in its member state.
Britain will have a chance to influence world decisions as an
independent nation.
Disadvantages of Brexit on EU & UK
Negative Impact of BREXIT:
Membership to EU will make Britain attractive for foreign investment
and exit from EU, they will lose 45% and 50% of UK’s Export and import.
Britain will not take part in the world largest free trade negotiations
between EU and the US.
Loss of influence. Leaving the EU will limit Britain’s opportunity to take
part in EU’s decisions concerning world affairs or in setting European
laws.
Barriers to EU workers. With the implementation of Brexit, there will be a
skills gap in the market because of the barriers put in the workplace.
Impacts on the economy: Leaving EU has an impact on the economy,
businesses and individuals will have a hard time raising funds for any
developments.
EU negotiates for energy bills for its member state, leaving EU will
increase energy bills for Britain. They will also not be able to uphold the
EU plans for reducing air pollution.
Conclusion:
The whole essay would be concluded by saying
that we should take our personal benefits to a
side and think global benefits. This will help us to
be united and develop better inter-country
relationships. UK is now free to have
partnerships with any of the countries. At this
time it is hard to say that either it is a good
decision or not but business analysts say it would
be a fruitful decision for UK in future, as UK will
have Positive And Negative Impacts of Brexit on
its economy.
What's happening now?
Withdrawal agreement:
This covers how much money the UK owes the EU - an
estimated £39bn - and what happens to UK citizens
living elsewhere in the EU and EU citizens living in the
UK. It also proposes a method of avoiding the return of a
physical Northern Ireland border.
Brexit withdrawal agreement
A separate and much shorter 26-page statement on future
relations has also been drawn up. This gives an overview of
what the UK and EU's relationship will be in the longer-term.
Conti…
Declaration on future relations
The UK cabinet agreed the withdrawal
agreement text on 14 November, but there were
two resignations, including Brexit Secretary
Dominic Raab and there was an, as yet
unsuccessful, attempt by Brexiteer MPs to force
a confidence vote in Theresa May.
An EU summit on Sunday 25 November is when
both sides are due to sign up to the deal. The
next step is for the UK parliament and EU
member states to each ratify the agreement,
before Brexit day next March.
Theresa May threatens ‘no Brexit at all’ as
senior Tories put new referendum on table.
When is the UK due to leave the
EU?
For the UK to leave the EU it had to invoke
Article 50 of the Lisbon Treaty which gives the
two sides two years to agree the terms of the
split.
Theresa May triggered this process on 29 March,
2017, meaning the UK is scheduled to leave at
11pm UK time on Friday, 29 March 2019.
It can be extended if all 28 EU members agree,
but at the moment all sides are focusing on that
date as being the key one, and Theresa May has
now put it into British law.
