Britain's Greatest Mistake Essay
Shiroma 1 Brexit: Britain’s greatest mistake Britain has been a longtime member of the European Union, and it’s hard to imagine the European Union without them, as Britain has been a member ever since 1973, although from time to time they considered and tried to leave the union. Brexit is Britain’s decision to leave the European Union. However, the official action of withdrawing happens when Article 50 is activated (and it hasn’t …show more content…
Following the Brexit decision, market analyst Naeem Aslam observes, “the British pound is facing its worst day ever.”(Kottasova) The pound’s value has plummeted to the lowest levels it’s seen in 31 years. Another byproduct of the Brexit decision is that Chancellor Philip Hammond pledges he’ll give European Union subsidies, “reassurance... stability and certainty” (Swinford) by covering billions (of British pound) in funding to restore their confidence as the union will stop funding them once Brexit takes effect. A two-year shortfall will result from funding the subsidies. This excess spending of money would not have to happen had Britain chose to stay in the …show more content…
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