The Uk Should Leave The European Union - 1593 Words

Identify and analyse the major issues that divide those in favour of the Britain’s leaving the European Union and those who oppose it. Who do you expect to be the major gainers and losers? Be sure to explain why you see them as gaining or losing, using economic reasoning. You should suggest which of these gains and losses you think are likely to be most important. Throughout this essay I am going to be exploring the current issues surrounding the decision of whether or not the UK should leave the European Union. I will be researching and looking at the major issues for those in favour of Britain leaving the EU as well as the issues for those who oppose the decision. Another factor I will be examining is the potential†¦show more content†¦EU policies aim to ensure the free movement of people, goods, services, and capital, enact legislation in justice and home affairs, and maintain common policies on trade, agriculture, fisheries, and regional development (European Commission, 2015). Countries accede to the union by becoming party to the founding treaties, thereby subjecting themselves to the privileges and obligations of EU membership. Over the next few years the issue of the UK’s membership of the EU is likely to be at the centre of political debates. The main parties recognised that a referendum on membership was necessary but it is incredibly difficult to overstate the significance of a vote that would determine whether the UK remains part of the union, the wealthiest economic entity in the world (Portes, 2013). Perhaps the greatest uncertainty associated with leaving the EU is that no country has ever done it before, so no one can predict the exact result. One of the biggest advantages of the EU is free trade between member nations, making it easier and cheaper for British companies to export their goods to Europe. However some economic researchers believe these savings outweigh the billions of pounds in membership fees Britain would save if it left the EU. The UK would also risk losing some of its negotiation power internationally by leaving the trading bloc, but it would be free to establish trade agreements with non-EU countries. There are many problems with increased