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BREXIT

Brexit is an abbreviation of "British exit" Britain came out from European Union (EU) On the Historical
Day 23 June 2016 By the Vote of Britain’s people.

 Majority of England voted to leave

 Majority of Wales voted to leave

 62% Scotland voted to remain

 55.8% Northern Ireland voted to remain

The UK tax money goes directly into European Union, £ 14.5 billion a year1.The European Union
regulations cost UK businesses over £ 600 million every week.

Impacts
 One in every people UK jobs is linked with the trade along the EU.
Therefore Brexit would possibly affect their jobs directly or indirectly.
61% of UK small commercial business exports run in accordance with the
EU. Being capable of trade freely including EU countries, together with no
tariffs or barriers, helps small companies within the UK to create jobs.
This may be affected.
Impact of Brexit could lead into lower GDP of 2.2% in 2030 or hopefully
lead into higher GDP of 1.6%.Leaving the EU could lead into lower trade
between the EU and UK generate problems.2
 Investors are worried about the economic impact of a decision to leave the
EU. The Pound is falling against all other currencies.
 Trading freely with the EU allows UK businesses to grow. Being able to
trade freely with the EU helps UK businesses grow and create jobs.
Therefore, leaving EU is taking a risk on the basis of leaving the EU. Four out
of five UK small businesses say access to EU markets is important to their
future growth, in case of UK leaving EU, these small business might suffer
losses.70% of major business expect damage if UK leave the EU.

1
In 2016 the UK government paid £13.1 billion to the EU budget.
2
The IFS estimate that single market membership could be worth 4 per cent of GDP
 Being in European Union means lower prices for UK families - because it's
cheaper to trade and there’s more choice. If UK left the EU, the cost of
imports could rise by at least £11 billion leaving UK families out of pocket as
prices rise.
Britain may lose some of its military influence – many believe that America
would consider Britain to be a less useful ally if it was detached from Europe.
UK citizens are unable to find jobs due to their inability to work at lower prices.
MNCs will lose their investment opportunities.
UK wants to improve their Health Sector (transfer of Diseases) and also the
problem they are facing the Syrian Refugees. (Identity problem and Economic
Burden).3
It negotiates trade treaties because EU is powerful in world politics but after
the referendum UK alone will face that influence.

Obviously a British exit from the EU will convey with it vast monetary and
political expenses. It will also reduce the UK’s standing in the world and its
ability to influence the international events that affect it the most. It is likewise
obvious that none of the option a relation with the EU presents itself as more
beneficial contrasted with EU enrollment. Therefore we presume that leaving
the EU will be a recorded error of vital extents, one whose impacts will be felt
forcefully for the time being and lastingly affect the UK for a long time to
come.

3
event of Brexit it is questionable whether Britain could place strict limits on EU migration without risking its access to EU
markets
References
http://europa.eu/youreurope/citizens/work/taxes/income-taxes-abroad/index_en.htm

https://www.theguardian.com/uk-news/2017/mar/06/chancellors-budget-to-build-up-brexit-
reserves-not-tackle-nhs-crisis

https://www.questback.com/uk/blog/what-does-brexit-mean-for-health-and-social-care-the-sector-
responds

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