Question

What are the economic and political arguments for Brexit? Discuss the pro and cons of each exit scenario. Should U.S. companies in the UK be concerned? (2 page-5 pages per essay PLUS citation page)

Answer 1

Brexit is UK 's decision to leave the European Union.Advocates base their support for Brexit on a number of factors.The European debt crisis, immigration,terrorism,and Brussels bureaucracy on the British economy were some causes.The sovereignty of UK was threatened by European union's projects.Britain never accepted the European Union's monetary union which means Britain used pound instead of Euro.Britain remained outside the Schengen area which meant it did not have common borders with other European nations .

Pros and cons---..Advocates of Brexit feel that leaving the European Union would mean cost saving as the membership fee will not have to be paid.Outside the European union, UK will lose the benefit of free trade.However Brexiteers argue that UK will make their own trade agreements. Brexiteers gained sovereignty which they considered to be a great advantage..There was huge increase in immigration from Eastern and southern Europe as Britain could not stop immigration from a citizen of another member state. There was some problem with housing and service , but altogether the net result of immigration was positive. Critics said that 2 million jobs will be lost if Britain leaves EU, but advocates consider it to be false. However since the referendum economic growth has slowed but employment has remained high. Government of UK has said that proper security relation with European union is maintained.

US companies in UK need not be concerned as Trump has agreed to make a trade agreement with UK in order to help the government of UK , make Brexit a success.It was planned to make a free trade agreement with the UK as soon as possible. So US companies in UK need not be concerned.

Citation-- How Brexit would change business.,All you need to know about Brexit.