My Views on Brexit
Did the UK make the right decision to leave the EU?
On 23 June, 2016 people from the age of 18 voted as to whether the UK should leave the EU or not. The vote concluded that the UK would be leaving the EU on 29 March 2019 and the rate of the pound dropped significantly. So did England make the right decision when choosing to leave the EU?
The benefits of leaving the EU is that now the UK doesn’t have to contribute to the EU budget. In 2016 the UK contributed £13.1 billion but only received £8.5 billion of the money back. However now that we will possibly lose the free trade it may outweigh the upfront costs, although there is the alternative of finding trade elsewhere (like Asia and America). By leaving the EU the UK now has control over who comes in and out of our country the “right of free movement” has allowed thousands of people to come and work in our country, as of right now there is approximately 2 million EU nationals working in the UK and taking UK citizens jobs. Furthermore, the UK now has the power to make its own laws, it is estimated that 65% of british laws are made in Brussels. Between the years 1993 and 2014, a total of 231 Acts of Parliament were passed because of EU membership, thats 24% of the total number of laws passed that time span. With that in mind the court will now have the final say over the new laws created, as of right now the EU have primacy over the UK laws. In leaving the EU the UK has control over the tax rates so now VAT must be at least 15%, but can be cut to 5% on certain specified items, the UK needs the EU’s consent is needed for any changes.
On the other hand, although it may be a positive to have control over who comes in and out of our country there is also a negative effect. Over around 2.5 million people are employed in the UK as a result of our EU trade. This means that is 1 out of 10 people who are employed in Britain. It has been estimated that unemployment could rise by 820,000 by leaving the EU due to trade changing etc. The UK was apart of one of the ‘biggest free markets’ in the world and it is estimated that 50% of our trade is done through the EU, the fact that we could export and import from other countries without them having to build factories over here was easy and simple. As a result the EU is a big-hitter, negotiating trade agreements around the world. The UK may struggle to make deal with other companies or countries without the EU’s support. Working and going on holiday will now be a lot harder and we may now need to apply for a visa to enter other countries still in the EU. The average holiday can cost around £230 more expensive than before, as of right now we enjoy: lower mobile phone roaming charges, lower credit card fees, cheaper flights and proper compensation when flights are delayed or cancelled thanks to the EU’s negotiation. Along with the fact your driving licence is valid in every country too. This may not happen when Britain was is on it’s own. Also Brittan will be less ‘secure’ without the EU’s help as if someone wished to invade the UK the EU has no obligation to help. Finally, the UK leaving the EU will affect the younger generation more than anyone else yet they didn’t have the right to vote for if they wanted to stay or leave arguing that we should of postponed the vote to when the younger people have the right. and an more educated understanding, to vote.
To conclude, I feel as though the UK has made the wrong decision to leave the EU. I think this because the impact of leaving the EU is so great, compared to what power we receive by leaving, that the UK as a nation isn’t prepare for that and it is the young people who will suffer as a consequence of that. Not only that but it will be them who have to fix and rebuild the UK back to the way it was independently and suffer with the increase of prices and lack of trade.