I guess I am a bit clueless on what is going on around the world today. As I am reading up on the UK abandoning the European Union I am starting to feel this was not a good decision from looking outside in; before making that finally decision I am going to investigate what happened let’s start. First off what is a referendum? Apparently is a voting that took place in the UK on June 23, 2016 that decided if the UK should remain or leave the European Union. Considering the leave vote won by 52%, what is the backlash for the UK leaving the European Union? What does this mean for the other countries that still wants to be in the EU? Before we go any further with this let’s talk about the other countries that are also in the European Union and when did it begin. The EU can be traced from the European Coal and Steel Community and the European Economic Community, formed in 1951 and 1958 by six inner countries of France, Italy, Luxembourg, Belgium, West Germany and the Netherlands now it makes up twenty-eight countries.
What is the importance of the European Union? Well it is a political and economic partnership involving 28 European countries. It started after World …show more content…
We as anything we do in life there is the pros and cons in the decision we make. First off we are going to talk about what happened to the UK economy. The UK economy has dropped dramatically the value of the pound is at a thirty-year low mark. They have messed their credit up they have lost their top AAA credit rating meaning the cost of government borrowing will be higher. So basically I see it as a teenager that has started college no money and messed up credit. However, there is always hope in this Brexit; since the referendum the UK is trading at a higher price and it has recovered from the drastic slump in shared prices. The Bank of England is hoping its decision to drop interest rates from 0.5% to 0.25% will keep a recession away and stimulate
What is the importance of the European Union? Well it is a political and economic partnership involving 28 European countries. It started after World …show more content…
We as anything we do in life there is the pros and cons in the decision we make. First off we are going to talk about what happened to the UK economy. The UK economy has dropped dramatically the value of the pound is at a thirty-year low mark. They have messed their credit up they have lost their top AAA credit rating meaning the cost of government borrowing will be higher. So basically I see it as a teenager that has started college no money and messed up credit. However, there is always hope in this Brexit; since the referendum the UK is trading at a higher price and it has recovered from the drastic slump in shared prices. The Bank of England is hoping its decision to drop interest rates from 0.5% to 0.25% will keep a recession away and stimulate