Brexit: The United Kingdom parts with the European Union
The European Union (EU) is a trading bloc consisting of 28 member states (Including the U.K) and is also the worlds largest free market, which ensures the free movement of people, goods, services and capital within it.
On Thursday 23rd June 2016 a referendum took place to decide the future of the United Kingdom’s place within the EU. To the surprise of many people not just in the U.K but also across the world, the U.K decided to leave the E.U after the leave party won with a total of fifty two percent of the vote. This has been named Brexit.
The U.K’s vote to leave the E.U has had consequences that have affected economies and people in practically every country across the world. According …show more content…
This however may have a significant negative impact on British entrepreneurship; fortune.com states “around fifteen percent of immigrants within the U.K had started their own company within the last three to four years. This compares to approximately five percent of lifelong U.K residents.” The high level of immigration in the U.K was especially concerning to British citizens as the majority of these immigrants came over to Great Britain to improve there standard of living and quality of life by getting jobs within the U.K and using the National Health Service (NHS) a non profit organization, as they are entitled to do so being part of the E.U. However, not letting immigrants work in the U.K may be considered morally wrong and unethical therefore causing an ethical dilemma. Also many of the immigrants arriving to work in the U.K come from highly developed countries such as Germany and France and are well educated individuals who are working in executive positions and contributing a lot to there respective companies and therefore to the British economy. Due to the vote to leave the E.U the U.K will be limiting the entry to these skilled workers where there are currently
The European Union (EU) is a trading bloc consisting of 28 member states (Including the U.K) and is also the worlds largest free market, which ensures the free movement of people, goods, services and capital within it.
On Thursday 23rd June 2016 a referendum took place to decide the future of the United Kingdom’s place within the EU. To the surprise of many people not just in the U.K but also across the world, the U.K decided to leave the E.U after the leave party won with a total of fifty two percent of the vote. This has been named Brexit.
The U.K’s vote to leave the E.U has had consequences that have affected economies and people in practically every country across the world. According …show more content…
This however may have a significant negative impact on British entrepreneurship; fortune.com states “around fifteen percent of immigrants within the U.K had started their own company within the last three to four years. This compares to approximately five percent of lifelong U.K residents.” The high level of immigration in the U.K was especially concerning to British citizens as the majority of these immigrants came over to Great Britain to improve there standard of living and quality of life by getting jobs within the U.K and using the National Health Service (NHS) a non profit organization, as they are entitled to do so being part of the E.U. However, not letting immigrants work in the U.K may be considered morally wrong and unethical therefore causing an ethical dilemma. Also many of the immigrants arriving to work in the U.K come from highly developed countries such as Germany and France and are well educated individuals who are working in executive positions and contributing a lot to there respective companies and therefore to the British economy. Due to the vote to leave the E.U the U.K will be limiting the entry to these skilled workers where there are currently