Great Britain Exits the European Union
The European Union (EU) is an economic and political union where each of the countries within the Union is independent, but they agree to trade under the agreements made between the nations. The purpose of the EU is to operate as a single market that allows free movement of goods, capital, services and people between member states. Great Britain had a big decision to make, whether or not to stay in the EU or go it alone. On June 23, 2016 with over 33 million voters making history the vote was at 51.89% for ‘Leave’ and 48.11 from ‘Remain.’ According to the Telegraph, “in a close-run vote, the British public decides to exit the European Union. An emotional David Cameron resigns as prime minister the next …show more content…
Mr. Johnson said in a CNN article, "If we vote 'Leave, ' we can take back our country.” Johnson urges to “take back control of this great country’s destiny” and “believe in ourselves, and in what Britain can do.” David Cameron, the UK Prime Minister said, “Voting “Leave” would leave Britain a “permanently poorer country in every sense” and reduce its global influence, Cameron warns. Reasons Great Britain ‘leave supporters’ wanted to leave the EU was to take back control of the border and too many rules for businesses with high membership fees. One of the main reasons for wanting the stay with the EU, it makes it easier to sell thing to other EU countries. …show more content…
With Great Britain, being the world’s fifth biggest economy, a slowdown like this affects the global market almost immediately. Stocks across the world were unstable after the vote; the Dow dropped more than 600 points by the end of the first week after the ‘Leave’ and the value of the pound dropped to its lowest point in the last 30 years. This unstable market will likely continue until the uncertainty has passed. With the British pound taking a beating after the vote, this is good news for those wanting to travel to Europe. According to NBC news there is no better time to travel to the U.K. than now, “For anyone who has been thinking about visiting London and other destinations in the United Kingdom, agents have a simple piece of advice: Go now.” Later in the same article Jack Ezon said, "There is no better time to visit the U.K.," He added, "Prices are now 10 to 15 percent lower than last week and 30 percent lower than two years ago. Go now — and go for that better room while you can afford it."
The European Union (EU) is an economic and political union where each of the countries within the Union is independent, but they agree to trade under the agreements made between the nations. The purpose of the EU is to operate as a single market that allows free movement of goods, capital, services and people between member states. Great Britain had a big decision to make, whether or not to stay in the EU or go it alone. On June 23, 2016 with over 33 million voters making history the vote was at 51.89% for ‘Leave’ and 48.11 from ‘Remain.’ According to the Telegraph, “in a close-run vote, the British public decides to exit the European Union. An emotional David Cameron resigns as prime minister the next …show more content…
Mr. Johnson said in a CNN article, "If we vote 'Leave, ' we can take back our country.” Johnson urges to “take back control of this great country’s destiny” and “believe in ourselves, and in what Britain can do.” David Cameron, the UK Prime Minister said, “Voting “Leave” would leave Britain a “permanently poorer country in every sense” and reduce its global influence, Cameron warns. Reasons Great Britain ‘leave supporters’ wanted to leave the EU was to take back control of the border and too many rules for businesses with high membership fees. One of the main reasons for wanting the stay with the EU, it makes it easier to sell thing to other EU countries. …show more content…
With Great Britain, being the world’s fifth biggest economy, a slowdown like this affects the global market almost immediately. Stocks across the world were unstable after the vote; the Dow dropped more than 600 points by the end of the first week after the ‘Leave’ and the value of the pound dropped to its lowest point in the last 30 years. This unstable market will likely continue until the uncertainty has passed. With the British pound taking a beating after the vote, this is good news for those wanting to travel to Europe. According to NBC news there is no better time to travel to the U.K. than now, “For anyone who has been thinking about visiting London and other destinations in the United Kingdom, agents have a simple piece of advice: Go now.” Later in the same article Jack Ezon said, "There is no better time to visit the U.K.," He added, "Prices are now 10 to 15 percent lower than last week and 30 percent lower than two years ago. Go now — and go for that better room while you can afford it."