The United Kingdom 's Economy After The European Union

The issue of whether or not the United Kingdom should remain a member of the European Union has been debated heavily over the past decade, with the debate heating up even more from the current European Sovereign Debt Crisis. Recent polls of the UK population showed that around half of the UK’s citizens would vote to pull out of the EU if it went to referendum. However, after all of the economic, political, and social advantages of being a member of the EU are considered, it remains clear that leaving the EU is not in the UK’s best interest. Economically, it does not make sense for the UK

This report will look at the benefits and issues surrounding the UKs decision to remain as a member state of the European Union (E.U.). Along with the newly elected conservative government, came the announcement that a nationwide referendum would be held, by the end of 2017, in order to determine the British public’s stance on the issue of EU membership.

What is Brexit? Brexit is the shorten way of referring to two words which are “British” and “Exit”. The situation that British exited from European Union. So, what is European Union? According to (Hunt,A. & Wheeler,B. 2016) The European Union - often known as the EU - is an economic and political partnership involving 28 European countries. The EU has a single market which is the agreement between the countries’ member in EU to allow goods, service, money or even people to move freely within the EU. The Single market was to create job employment, increase the trade and lower the prices. Even though, the European Union has many advantages but why British wanted to leave the Union? Because there are some disadvantages that had made British

The EU Referendum was held on 23 June 2016 and a majority of the electorate – by 52% to 48%, voted to leave the European Union, transforming the remote idea of Brexit into a very real event for which the timer was set. Indeed, for many, Brexit was an idea that the government had been

In summary, it can be stated that consumption spending has been affected negatively by the Brexit vote and will continue to drop in the next six months, as the causing circumstances are not expected to change in this period.

On June 23, 2016 a referendum was held to decide Britain’s fate in the European Union (EU). The voters decided to leave the European Union, commonly referred to as the “Brexit”, leaving many surprised as the polls have shown otherwise. The preliminary aftermath of this development is now evident for the UK and the EU, with much speculation on its outcome on the market, immigration, and ultimately, the economy. For this real-world case, the appropriate lens to describe this event is with the approach of political realism through parsimony.

The EU and UK are undeniably close trade partners seeing as the EU makes for a large proportion of trade deficit with the UK as of 2014. Nonetheless, strong economic growth in many non-EU emerging economies has resulted in important trade activity with these non-EU countries, eating into proportion accounted for by EU since 1999, despite the value of EU trade increasing. The sheer growth in UK’s trade volume is reflected in the downward trend in Graphs 1, 2, & 3 below.

The British voters have spoken on the June 23 referendum that they want their country out of the European Union. The leave side has prevailed with 52 percent voters supporting Brexit, or Britain 's exit, while the remain side getting 48 percent. Some of the political and economic impacts have been already felt in the United Kingdom and registered in Europe and across the world. The others will come as political and economic uncertainties continue.

There is no doubt that the ‘brexit’ will have a significant impact on UK, especially for the financial system. In the following few days after referendum, the financial market shows the immediate impact of ‘brexit’, the sterling exchange rate index sharply fallen by 9%, the bank equity price had fallen by 20%, the ten-year UK government bond yield had fallen by 52 basis point. In its latest financial stability report, the Bank of England had identified that the risks around the referendum on the United Kingdom’s membership of the European Union as the most significant near-term domestic risks to financial stability. (‘Financial Stability Report’ Bank of England, 30 July 2016). The following risks around referendum are considered main threaten to UK’s financial stability:

The main global issue that the Brexit has caused global economic growth to decline, and this decline is expected to extend to the long term if things keep going this way. A main reason that this Brexit has caused global economic growth to decline is because Germany and the United Kingdom work closely together, as well as much of other parts of Europe. Because Germany’s automotive industry is very dependent on the United Kingdom. The Brexit is reducing British imports by 12.5 percent which will

There are several ways the United Kingdom (UK) could exit the European Union (EU). Differences between a Soft and a Hard Brexit are considerable and each prospect deserves thorough investigation in order to understand how it will affect British businesses. The evolution of the EU allowed years of institutional and political transformation through the creation of the European Single Market which benefited British businesses (Medrano, 2003). However, the UK has always been reluctant to European obligations and stood out rapidly from the rest of the members by keeping their own currency. Following the Article 50, outlining the right to quit the EU, the UK citizens decided to leave in June 2016. This result caused important concerns and uncertainty especially for British businesses. In 2017 negotiations between the UK and the EU will start, however the way it will happen is still very ambiguous. British firms will be able to lobby for their favourable outcome, as they are in a position of power and could possibly influence the government in their negotiations. As firms have a strong impact on decision-makers, it is important to clarify for which outcome they should opt to protect in the best way their stakeholders during and after the transition of UK.

Leaving the EU has certainly affected the UK’s economy and businesses, and it can be argued that there will always be a knee jerk reaction; with any major change in policy. Brexit certainly comes into this category. However, there will also be positive outcomes from the vote lo leave the EU. As the UK are no longer bound to EU laws and regulations we are now free to make new trade agreements outside of the EU which may increase our economy. There are numerous employment prospects from outsiders and many bring a lot of trade from outside of Europe. Since leaving, the UK are in exploration talks with a view to a multimillion pound free trade agreement with China. If this becomes a success many UK import and export would improve and this could in turn bring new opportunities for businesses, this could mean it would be easier to negotiate trade agreements in blocs. Brexit could also reduce barriers for many areas of work in the UK such as insurance and banking industries.

On 23rd June 2016, there will be an important referendum for the UK and its economy to resolve whether the UK leaves the EU or not. The decision that will be made by the British citizens will effect on a lot of sectors in many ways. However, it is expected that especially sports industry which has been globally developing nowadays will be the most influenced on by that decision. The purpose of the report is to identify what are the advantages and disadvantages for sport-related organisations caused by the case of the UK leaving the EU. In this report, it will be focusing on Manchester City Football Club, and discussing what are the main merits and demerits for one of the most globally-oriented football clubs as a result of

Brexit is a term commonly known as Britain exiting from European Union membership. The historic referendum on the UK and EU membership held on June 23, 2016. Although majority of Londoner wanted to stay with EU, 52 percent voters voted to support the leave campaign to leave European Union. Since World War two the world saw a rising trend of economic development and globalization in Europe. Brexit has ended this trend. Since United

It is precise that we begin by explaining the meaning of the term “Brexit”; it is a portmanteau of the words “Britain” and “Exit”, which was just one of the terms for the results of the 2016 referendum, the other one was “Bremain” (Britain and remain) which was a lot less promoted and controversial. For the 2016 referendum, 52% of the votes went for Britain leaving the European Union, in a poll with 72% of participation, a total of 33.577.342 votes, 17.410.742 for Brexit and 16.577.342 for Britain staying in the European Union (BBC World, 2016). England voted for Brexit, by 53.4% to 46.6%, as did Wales, with Leave getting 52.5% of the vote and Remain 47.5%. Scotland and Northern Ireland both backed staying in the EU. Scotland backed Remain by 62% to 38%, while 55.8% in Northern Ireland voted Remain and 44.2% Leave (Hunt and Wheeler, 2016).