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united kingdom:brexit

Updated on July 24, 2016
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An Uncertain Kingdom!

It is of no doubt that the United Kingdom has been a prominent member state of the renowned European Union which is characterized by its political and economic integration that involves 28 European countries around Europe.

This union which was established after the world war 2 was originally structured to centre its objectives on accelerating the level of economic cooperation with the intention of creating a trade friendly environment for member states so as to eliminate any trace of future wars and in order to deepen this integration a common currency policy was established {euro} alongside a wide range of policies and regulation in the areas of environment ,consumer rights, transport and other economic related sectors to further ensure its harmony and peace.

Prior to its membership acceptance, several attempts to join the European Union had been turned down, both applications during 1963 and 1967 were been voted by President Charles de Gaulle of France. However the United Kingdom was recognized as a member of the European Union in 1973. Surprisingly, in 1975, UK launched its first referendum to leave the community {European Economic Community}, but the poll outcome went in favor of the stay campaigners with 67% of Britain’s voting in stay. According to the international monetary fund, the European union seats comfortably on the first position in the world’s largest economy with its ranking hitting an astonishing nominal GDP of about $20.2bn {€18.5bn}, a sum total of its 28 member states combined.

Brexit?

The word Brexit which is a portmanteau of the worlds British and exit was fashioned out from the Grexit another portmanteau of the world’s Greek exit, which was invented during the debt crisis period of Greece. It is a referendum which the UK launched in a verge to part ways with its long sustaining regional partners, the European Union on citizens claim that it undermines the states national sovereignty through its democratic deficit situation

Vote: Decision Making

On Thursday, the 23rd of June a general vote was carried out around UK, having 71.8% of Britons casting their votes amounting to about 30 million people. Records have it that the referendum was the highest turnout in the history of UKS wide range voting sine the 1992 general election. According to a publication by the economist the vote results around UK were as follows:

www.fnewstoday.com

Generally the referendum was finalized with an overall vote to leave the European union by 51.9% citizens vote most of which reside in England and Wales while the vote of the unsuccessful stay campaigners amount to the remaining 48.1% votes having most of its votes from Scotland and northern Ireland.

Leave Campaign: Who and Why?

The minister for justice, Michael Gove and London’s former mayor Boris Johnson are seen to be leading the leave campaigns having almost half of the conservative parliament members in their favor.

In order to back their position as being more favorable for the future of the UK, the official leave campaigners drafted a road map which would serve as direction lead in achieving a better state. They argued that leaving the union would enhance UKS sole control over immigration hereby reducing the pressure mounting On public service provision and job availability for its citizens, in addition it would cut down the billions of dollars spent on EU membership dues as well as lifting the EU policies and regulating international relationships since it is being perceived by the leave campaigners as being a hindering block to their advancement.

In a more detailed analysis, the UK’s EU membership has mandated them to pay a loop sum of money to the union as dues. In 2015, €8.5bn was paid as contributions to the union, placing them in the third biggest contributors, behind Germany in first place and France in 2nd. According to the international monetary fund there are major benefits, the leave campaign believes Bretons would derive from the divorce

Stay Campaign: Who and Why?

On the other hand, ex Prime Minister David Cameroon alongside most of the conservative government he leads, the liberal democratic labor party as well as the Scottish national party was the backbone of the unsuccessful “stay” campaign.

David Cameroon and his followers believe that leaving EU would result to denial of access to European criminal databases that would help fight against crimes. In an interview with BBC, head of Europol, Rob Wainwright made it clear that leaving the EU would cause UK to face denial in the direct use of European databases and intelligence projects which ranges from European cybercrime centre, European migrant smuggling centre to European counter terror centre which as a matter of fact would pose as a threat to UKS national security. Furthermore, they argued that leaving the union would devaluate UK’s influence on the world economy since the collective power of the EU no longer covers them. Finally the high level of uncertainty about how the future trade relationship would turn out to be with the EU being a major fear of the “stay” campaigners since 50% of UK’s export goes to EU countries.

Which Way UK?

Uncertainty being the order of the day, the most prevailing agenda is the stand of the economy and the number of jobs that would be gained or lost following the UKS exit from the union. However most outlined scenarios point to a short run negative general outcome for the UK. According to bank of England’s annual report of May 2016, the divorce might trigger a recession in UK following a statistics ran by the confederation of British industry over 350,000-600,000 jobs would be lost by 2030.

Another highly deliberated issue about the exit is the high level of uncertainty which would result from the UK in dissolving the free movement policy of the union that is evaluating the lost benefit relationship of immigrants in UK to its economy on the other hand the leave campaigners believe that immigrants from other European union countries attach pressure on public services and also contributes heavily to the present job scarcity in the UK ignoring the fact that those same immigrant contributes in the countries growth forecast through public funding from taxes there pay to the government (the office for budget responsibility).

On the 13th of July Theresa may succeeded David Cameroon as the Prime Minister of the UK following his resignature after losing his stay campaign.

Rise or Fall of a Great Kingdom?

It is worthy of note that leaving the union entails invoking the article 50 of the 2009 Lisbon treaty were the possibility of a country exiting the union was mentioned. The article has never been tested since it has only been in force since late 2009, therefore it is hard to tell how the entire exit process would go.

According to BBC legal correspondence clove Coleman, the laws and regulations of the EU would still be in effect in the UK until it completely cease being a member of the union and according to him it might take some time. However the pressure outcome of the divorce is still unknown since no country has ever made an attempt to leave the union.

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