HIRA BIBI

2020-LLB-027
Factors lead to the BREXIT
Following are the main reasons which lead to the Brexit.
1. Threat to the British Sovereignty.
2. British’s job
3. Immigration
4. British wages
5. Euro is a Disaster
6. Independently make free trade
7. Making own laws that will affect business
8. Contribute into the EU budge
• Threat to the British Sovereignty.
• European Union is not accepting the Sovereignty or
Supremacy of the United Kingdom Parliament. British people
highly associate with their parliament. So, it is a threat to the
parliament.
• British’s job
• The reason for the Brexit outcome cannot be precisely
established, but keeping in mind the fact that the number of
immigrants in Great Britain hugely increased in the period
from 1995 to 2015, from 1,5% to 5,3% of participation of
other EU countries.

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• Immigration
• The immigration crisis in Europe was a trigger and it affected
the internal life of the country.. Immigration was a major
factor in the Brexit vote.
• British wages
• As the EU immigration caused a large impact not only on the
labor market but also on the employment and overall British
wages.
• Euro is a Disaster
• The UK did not seek to adopt the euro as its official currency
for the duration of its membership of the EU. So many
economists ask that “Euro was the primary culprit”.

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• Independently make free trade
• Great Britain decided to leave the EU Customs Union primarily for
reasons of having the freedom to independently make free trade
deals with other countries and create own foreign trade restrictions.
• Making own laws that will affect business
• Another reason in favour of Brexit is the possibility of introducing
free and independent regulations and making laws that will affect
business environment in the best manner.
• Contribute into the EU budge
• The UK is one of the countries that allocates the largest amount of
money to the EU budget, compared to expenses and benefits it
receives from the EU’s common resources. UK will cease to
contribute huge net amounts into the EU budget.

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