In a recent report, if Britain decides to leave the European Union, British households will become £933 richer, because taxes will be lower, and food and clothing will be cheaper. But the trade off is not entirely good news, since there would be restrictions of UK citizens working and living in EU member states. this could mean millions of jobs lost and the loss of freedom to live wherever they please. A pro-European newspaper, The Observer, also claims that tax avoidance and evasion will become a major problem. This only shows that European Union exit can result in advantages and disadvantages for Britain. The same thing is true for other member states that wish to break the bonds.
The European Union is a political and economic union made …show more content…
Lower prices of goods
Operating as a "single market", there is a need to find an average price for all products sold and exchanged within member countries. this resulted in lower prices that are for the rich used with the absence of custom tax. usually, goods transported or sold between states and countries are charged with custom tax, but because the EU has an integrated economy, no such charges apply.
Development of underdeveloped member …show more content…
Regulations that were designed to protect smaller member countries can affect larger countries, sins the European Commission looks after the interests of the entire EU and not the individual country. wealthier countries are also obliged to share their wealth with other other member States, a good example of which is Germany bailing out Greece. The extra layer of government that you has created has taken away certain decision-making processes, responsibility and power from individual country, allowing EU to wield certain control. In fact, they removed an elected leader in Greece and chose an alternative because they felt it was
The European Union is a political and economic union made …show more content…
Lower prices of goods
Operating as a "single market", there is a need to find an average price for all products sold and exchanged within member countries. this resulted in lower prices that are for the rich used with the absence of custom tax. usually, goods transported or sold between states and countries are charged with custom tax, but because the EU has an integrated economy, no such charges apply.
Development of underdeveloped member …show more content…
Regulations that were designed to protect smaller member countries can affect larger countries, sins the European Commission looks after the interests of the entire EU and not the individual country. wealthier countries are also obliged to share their wealth with other other member States, a good example of which is Germany bailing out Greece. The extra layer of government that you has created has taken away certain decision-making processes, responsibility and power from individual country, allowing EU to wield certain control. In fact, they removed an elected leader in Greece and chose an alternative because they felt it was