For 43 years, since 1973 , Britain has been an active member of the European Union (EU) and played an important role in the development of this community. However, it is the hot topic that UK Prime Minister David Cameron has announced a referendum to be held on June 2017, in order to answer the question: "Should the United Kingdom remain a member of the EU or leave the EU?” It is uncertain what the exact answer is, since no country has ever done it before. However, people are trying to give different scenarios, weighting the pros and cons of leaving the EU, and it seems like the cons is outweighing the pros on the large scale, namely politics, economics and social impacts.
A brief history
The EU is an economic and political partnership between 28 member nations. It was formed after World War Two to foster economic co-operation, and primarily focused on the economy with the name European Economic Community (EEC). Its central idea is countries that trade together are more likely to avoid going to war with each other . During 60 years since establishment, the EU has delivered “peace, stability and …show more content…
A report by the Centre for European Reform shows that the EU buys half of Britain’s exports, whereas the UK accounts for little over 10 percent of exports from the rest of the EU , so the UK would be in a weak position to leave the EU. The leave campaigners argue that Britain would have the power to negotiate its own trade deals with other non-EU countries, rather than relying on the European trade commissioner However, it would enter such negotiations as a country of 62 million people and not as a member of a 500 million-strong bloc . This idea is extremely important in the world of trading, since the EU has become the most powerful trading bloc in the world, with a GDP nearly as large as that of the US
A brief history
The EU is an economic and political partnership between 28 member nations. It was formed after World War Two to foster economic co-operation, and primarily focused on the economy with the name European Economic Community (EEC). Its central idea is countries that trade together are more likely to avoid going to war with each other . During 60 years since establishment, the EU has delivered “peace, stability and …show more content…
A report by the Centre for European Reform shows that the EU buys half of Britain’s exports, whereas the UK accounts for little over 10 percent of exports from the rest of the EU , so the UK would be in a weak position to leave the EU. The leave campaigners argue that Britain would have the power to negotiate its own trade deals with other non-EU countries, rather than relying on the European trade commissioner However, it would enter such negotiations as a country of 62 million people and not as a member of a 500 million-strong bloc . This idea is extremely important in the world of trading, since the EU has become the most powerful trading bloc in the world, with a GDP nearly as large as that of the US