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The arguments for and against Brexit

Espresso-live Speakers
by Beroe Inc.
13 June 2016

Arguments for Staying or Leave in European Union (EU) against Brexit

British citizens will vote on June 23 to decide whether the UK should stay a member of the European Union. Let’s examine some of the arguments made by both “Stay in Europe” and “Leave Europe” campaigns.

Arguments for Staying in European Union (EU)

  -- Nearly 3 million UK jobs linked to trade with the EU – staying in EU means preserving jobs.

  -- 200,000 or more UK businesses trade with the EU.

  -- The UK gets 66 million pounds of investment a day from EU countries.

  -- An organization called as Open Europe (https://openeurope.org.uk/) predicts that 8 industries in goods and services sector – Automobiles, Chemicals, Aerospace, Machinery, Food, Beverage and Tobacco, BFSI and Professional Services – faces medium to high risk of disruption in case Britain votes to leave the EU.

  -- New tariffs and regulations would kick in if the “Leave” vote materializes.

Arguments for Leaving the European Union (EU)

  -- Immigration: UK cannot control immigration from EU countries until it leaves the bloc.

  -- The EU is holding back UK’s focus on emerging markets. Leaving the EU would allow country to negotiate trade deals with different countries.

  -- British companies would be freed from the burden of EU regulation.

  -- There are no real dangers of job losses if Britain opts to leave the EU as the country can establish closer trade links with China and India.

  -- London will continue to remain a major financial center – thanks to lower taxes – even after leaving the EU. There is no real danger of banks shifting base.

Source: BBC, The Telegraph, Britain Stronger In Europe and Open Europe


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