Benefits of the UK Staying in the EU
Ever since its admittance to the European Union in 1993, the question of whether to stay in the EU remains a highly debated issue in Britain. The European Union is the primary governing organization of Europe, consisting of 28 countries and 500 million people who participate in the world’s economy as a single market. This permits people, goods, services, and capital to move freely around Europe with reduced regulations for the collective benefit of European residents and consumers. Considering the EU’s global presence and Britain 's affluent status, Britain plays a significant role in the EU’s 30% of world GDP. While there are supportable arguments for the UK leaving the UK in the short term, it is in the …show more content…
One of the most valuable benefits of the European Union to its member countries is the single market it creates. The EU gives the UK access to a continually growing single market, which overcomes impediments for trade and with provisions that facilitate even greater trade. The single market concept has fostered cross-border competition since it’s inception and provides a direct foreign investment in the UK. If the UK were to leave the EU, its access to the single market would not be guaranteed, and it would lose trade benefits from other EU members. Thus, the UK would lose the trade freedom that they have come to enjoy and would be faced with protective tariffs from the international borders of the Eurozone. Massive amounts of money and resources would be required to create the products and services that Britain would no longer be able to freely import from the EU; they would subsequently suffer from reduced efficiency and higher product cost and less attractive alternative products. Taking into consideration that 60% of British trade is with EU countries, and there are 700,000 British companies that frequently trade with other European countries across international borders, a disassociated Britain would be counterproductive to Britain’s economy and significantly increase the goods that have been become …show more content…
So far, England has thrived from the EU: 3.5 million jobs have emanated from a trade market largely based among EU countries, and greater array of people have been protected in full-time, part-time, and hazardous work. It makes no sense to threaten the economic and political peace that the EU has created in Britain and Europe. A UK independent of the EU government and single market would find itself alone and “without the advantages of large domestic markets in global trade negotiations” (Phillips). Britain does not have the land or resources to sustain itself as a major trading partner, unlike the United States or China. Further, these self-sufficient countries are more interested in trading with the larger EU market than the UK market alone. Despite the UK’s motivations to increase their global presence by leaving the EU, Britain would not be significant enough on its own to compare {compete with} to the powerful EU. It is important that Britain stay in the European Union in its own interest of trade and workers rights, but also in the obligation of helping poorer nations of the EU, in order to eventually equalize and advance Europe. While right now the costs and the demands of the weaker EU nations seem to be overwhelming, the best option in realizing a successful Britain and maintaining the British quality of life is
Ever since its admittance to the European Union in 1993, the question of whether to stay in the EU remains a highly debated issue in Britain. The European Union is the primary governing organization of Europe, consisting of 28 countries and 500 million people who participate in the world’s economy as a single market. This permits people, goods, services, and capital to move freely around Europe with reduced regulations for the collective benefit of European residents and consumers. Considering the EU’s global presence and Britain 's affluent status, Britain plays a significant role in the EU’s 30% of world GDP. While there are supportable arguments for the UK leaving the UK in the short term, it is in the …show more content…
One of the most valuable benefits of the European Union to its member countries is the single market it creates. The EU gives the UK access to a continually growing single market, which overcomes impediments for trade and with provisions that facilitate even greater trade. The single market concept has fostered cross-border competition since it’s inception and provides a direct foreign investment in the UK. If the UK were to leave the EU, its access to the single market would not be guaranteed, and it would lose trade benefits from other EU members. Thus, the UK would lose the trade freedom that they have come to enjoy and would be faced with protective tariffs from the international borders of the Eurozone. Massive amounts of money and resources would be required to create the products and services that Britain would no longer be able to freely import from the EU; they would subsequently suffer from reduced efficiency and higher product cost and less attractive alternative products. Taking into consideration that 60% of British trade is with EU countries, and there are 700,000 British companies that frequently trade with other European countries across international borders, a disassociated Britain would be counterproductive to Britain’s economy and significantly increase the goods that have been become …show more content…
So far, England has thrived from the EU: 3.5 million jobs have emanated from a trade market largely based among EU countries, and greater array of people have been protected in full-time, part-time, and hazardous work. It makes no sense to threaten the economic and political peace that the EU has created in Britain and Europe. A UK independent of the EU government and single market would find itself alone and “without the advantages of large domestic markets in global trade negotiations” (Phillips). Britain does not have the land or resources to sustain itself as a major trading partner, unlike the United States or China. Further, these self-sufficient countries are more interested in trading with the larger EU market than the UK market alone. Despite the UK’s motivations to increase their global presence by leaving the EU, Britain would not be significant enough on its own to compare {compete with} to the powerful EU. It is important that Britain stay in the European Union in its own interest of trade and workers rights, but also in the obligation of helping poorer nations of the EU, in order to eventually equalize and advance Europe. While right now the costs and the demands of the weaker EU nations seem to be overwhelming, the best option in realizing a successful Britain and maintaining the British quality of life is