BREXIT- BRITISH EXIT

What is EU & its purpose…?

European Union is a unique political and economic partnership between 28
European countries that together covers much of the continent.
The main purpose of EU is to promote a greater social, political and economic
harmony among the nations of the Europe
The population of EU countries consists of approximately 507.4 million people.
With an economy that generates a nominal GDP of about US $18.5 trillion in
2014.

What is BREXIT….?
Brexit is the prospective withdrawal of the United Kingdom from the
European Union.
A referendum was held on Thursday 23 June, to decide the UK should
leave or remain in the European Union. Leave vote: 52% The
referendum turnout was 71.8%, with more than 30 million people
voting. It was the highest turnout in a UK-wide vote since the 1992
general election.

Major aspects of BREXIT

High level of Intra EU trade.

Extend of UK dependency on EU investments and jobs.
Intra-EU Labor migration.
EU rules and regulations.
Environmental policies including carbon trading.
Real wages/living standards inside and out of the EU.
REASONS FOR BRITAINS EXIT FROM EU…

Immigration:
The main reason for Britain’s exit form EU is the problem of
immigration. Any EU citizen can work in any member nation of EU.
Approximately, 1 million people migrated to Britain in large number.

Loss of employment and employment opportunities:

As due to immigration of low skilled people who will work for less
salary, Britain’s citizens lost their employment and also resulted in
reduction of salaries for British people

Sovereignty:
Britain ruled many countries overall the Globe by making those
countries as British colonies in 19 & 20 centuries. Even though there
are no colonies and colonialism of Britain at present it thought that
the prestige of being sovereign power will be lost if it is under the
leadership of all EU member nations.

Syria and Iran economic crisis:

One of the reasons for BREXIT is that the Britain does not handle
well the economic crisis of Syria and Iran.
Increased terrorism and Low economic growth:

Increase of terrorist activities and attacks over all the EU member

nations has resulted in slow down of industrial growth. Being a
member nation in the EU, Britain cannot take its own decisions
regarding any important problems, it cannot change some laws etc.
without the majority in the EU Parliament. So this limited its scope of
functioning towards what is needed in Britain, by the British
Parliament, it resulted in a slowdown in Britain’s economy.