BREXIT

What is it?
- Brexit is the term used to refer to the United Kingdom’s decision to leave the
European Union.
 Was it a democratic process?
- Yes. It was voted (through a referendum) for the United Kingdom to
stay in the EU, or a United Kingdom that would be independent.
 What were the reasons for it
to take place?

- The push to leave the EU was advocated mostly by the UK

Independence Party and was not supported by the Prime Minister,
David Cameron. Members of the UK Independence Party argued
that Britain’s participation in the EU was a restrictive element for
the country.

- Supporters of Brexit cited the high EU membership fees as a

negative aspect of participation in the EU. It was argued that if the UK
separates itself from the EU, these fees can be used to benefit the
UK.
 ADVANTAGES FOR THE
UK
- High membership fees the UK was forced to oblige
to in the EU would become inexistent.

- EU membership involved giving up some control

over domestic affairs so, by leaving the EU, the UK
sovereignty is seen as a victory.

- No immigrants would enter the UK (this might be

seen as a disadvantage also), which could give more
security to the Britons and give bigger possibilities
for job offers and openings.
 DISADVANTAGES
FOR THE UK
- The UK would lose the benefits of free trade with
neighbours and reduce its negotiating power with the rest
of the world.

- The UK’s status as one of the world’s biggest financial

centres would be diminished if the City of London was no
longer seen as a gateway to the EU for the likes of US
banks.

- Three million jobs would be lost if Britain voted to leave (as

it was claimed).

-  The fact that no immigrants would enter the UK would

reduce economic competitiveness and growth.
 ADVANTAGES
- FOR THE
Companies such as EU
Nissan, Honda and Ford,
which are based in the UK, would have to move to
an European Union country to maintain their easy
access to the EU.

- There would be less support for nuclear exploitation

or other unconventional
energy sources.

- When it comes to decision-making, without the

British, the EU could push more for tax equality
between countries and a higher taxation of financial
transactions.
DISADVANTAGES FOR THE EU

- The EU’s budget would be shortened by a vast amount, due to

the UK being the third biggest contributor for the European
Union’s budget.

- Without the UK’s door open for welcoming immigrants, the flow of
migration would be directed for less countries, which might lead
to overpopulation and several other problems.

- The overflow of immigrants could cause overcompetitiveness for

jobs and increase unemployment.