Question

negative and positive impact of Brexit to EU and other nations.

Answer 1

Brexiteers claimed that leaving the EU would lead to immediate cost savings because the uk would no longer contribute to the EU budget. Britain paid £ 13.1bn in 2016, but it also earned £ 4.5bn in spending "so the net contribution from the UK was £ 8.5bn." What was more difficult to determine was whether the initial expenses were outweighed by the financial benefits of EU membership, such as free trade and inward investment.

Trade The EU is a single market in which tariffs and other barriers are excluded from imports and exports between Member States. Products can also be delivered across the continent without limitation, including financial services. To businesses that took advantage of these freedoms, the implications of Brexit have always been a matter of debate and conjecture. Outside the EU, the UK will lose the benefits of competing free trade and weaken its negotiating power with the rest of the world. While, Brexiteers said the United Kingdom would compensate for these drawbacks by creating its own trade agreements-and the majority of small and medium-sized companies that have never traded.

Investment Pro-Europeans argued that the prestige of the United Kingdom as one of the largest financial centers in the world would be decreased if the City of London were no longer seen as a gateway to the EU for the likes of US banks. Critics also said that UK-based financial firms will lose the right to "passport" to work freely across the continent. Yet proponents of Brexit are adamant that even if the UK left the Single Market, an arrangement would be reached to allow continued tariff-free trade. Britain had a large trade surplus with the EU, they said, and seeking a solution-for goods and financial services-would be in Europe's interest.

Independence For Brexiteers, independence was seen as a straightforward victory: even the most adamant Remainers had to accept that EU membership meant losing certain domestic affairs power. Those on the Conservative Party's right might have disagreed with her focus, but they held the view that the UK parliament's influence was withdrawn from the EU institutions. To Leavers, leaving the EU will enable Britain to restore itself to being a truly independent country with links to the rest of the world.

Immigration Under EU law, Britain was unable to prohibit a resident of another member state from coming to live in the UK, so Britons had an equal right to live and work elsewhere in the bloc. The result was a massive increase in immigration from Eastern and Southern Europe in particular to Britain. In 2016, 942,000 East Europeans, Romanians and Bulgarians worked in the United Kingdom, together with 791,000 Western Europeans and 2,93 million non-EU jobs. China and India have been the UK's main source of foreign jobs. Some agreed that the rate of immigration had contributed to some difficulties with the provision of accommodation and infrastructure, but said that the net effect was overwhelmingly positive. Brexiteers, on the other hand, said that Britain must "recover power" over its borders. Some wanted a significant reduction in immigration, although some said it was less about numbers than the national sovereignty concept.