referendum is seen on the roadside near Charing south east of London on June 16, 2016. Brexit: Reasons and challenges. The immigration crisis in Europe was a trigger. Campaigns for both leave and remain had contrasting opinions of the issues at large. Euroskeptics emphasize that the EU’s executive branch, called the European Commission, isn’t directly accountable to voters in Britain or anyone else. America’s elites got what they wanted from Donald Trump. Citizens of E.U. BEL MOONEY: After this year’s misery, a Brexit deal, Biden and the vaccine now give us reasons for hope. Brexit supporters argue that the EU threatens sovereignty and stifles growth, while opponents counter that EU membership strengthens trade, investment, and the UK’s standing in the world. Active 10 days ago. But the country has a lot to look forward to with Brexit. It is true we are equally sovereign as the EU, but we are not sovereign equals. Seven years after the recession began, Spain and Greece are still suffering from unemployment rates above 20 percent, and many economists believe the euro was the primary culprit. That, "leave" advocates argue, would allow the UK to admit more doctors and engineers who speak fluent English, and fewer unskilled laborers with limited English skills. The second reason for Brexit is the rise of nationalism across the world. Currently, the UK’s contribution is worth about £13 billion ($19 billion) per year, which is about $300 per person in the UK. 24 June 2016. "In recent years, hundreds of thousands of Eastern Europeans have come to Britain to do a job," British journalist and Brexit supporter Douglas Murray told me last week. Steering clear of this issue was an important driver for the “leave” vote. They came from across the political spectrum, and some of the arguments even contradict others. This may have worked before 2008, but it has become increasingly difficult to accept. This is not a British phenomenon, either. • Among four possible reasons for voting Remain, ‘a strong attachment to Europe’ is ranked last by a sizable These are some of the main reasons why the UK chose Brexit to begin with. There are five principal reasons why. By Martina Bet PUBLISHED: 11:48, Fri, Nov 6, 2020 Asked by LBC’s Nick Ferrari whether Brexit was the reason why Britain was “at the forefront” of vaccine rollout, Mr Cleverly today gave a clear: “No”. The EU is a system that aligns with financial reality. Brexiteers argued that leaving the EU would result in an immediate cost saving, as the country would no longer contribute to the EU budget. / AFP / BEN STANSALL (Photo credit should read BEN STANSALL/AFP/Getty Images), EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Crisis Catalyzes Demand For Digital Infrastructure, MoneyStamps Of South America - As Investments, They’re Different – Part 1, Covid-19 Related Municipal Defaults Begin, The Dynamics Of Price Discovery In The Stamp Market, Covid-19 Virus Affect On The Stamp Market, This fragmentation has been evident throughout Europe, read more in my free special report on Brexit, Get this free special report from Geopolitical Futures founder and acclaimed intelligence expert George Friedman to uncover the truth about Brexit. The eurozone has struggled economically, and workers from eurozone countries such as Ireland, Italy, and Lithuania (as well as EU countries like Poland and Romania that have not yet joined the common currency) have flocked to the UK in search of work. Immigration has become a highly politicized issue in Britain, as it has in the United States and many other places over the past few years. Conclusion – Reasons why the UK chose Brexit. This should be considered in the broader sense. Almost 52 percent of Britons voted in favor of leaving. The arguments are still valid. What they did not grasp was the degree to which they had lost legitimacy in 2008. While many of the arguments for it over the last four years have been populist in nature, there are plenty of reasons for more traditional conservatives to support the U.K.’s separation from the EU. Share page. Copy link. Published . Brexit may now be "done", but so too is the damage, which will take many years to heal. If you change the meaning of voters’ words once they have spoken, if they feel sufficiently cheated of their ballot paper, they may not use such polite ones the next time they’re asked. The “leave” voters rejected both the Conservative and Labour parties. Voices 10 reasons to feel positive after Brexit. By norman lebrecht on January 11, 2021 Marginally, perhaps, but no more than that. The European Union's chief Brexit negotiator Michel Barnier said on Monday that there were reasons for determination in trade talks with the British. The EU doesn’t understand the power of nationalism. Biden, Pelosi and the Congressmen should address their threats not to London, but to Brussels. If red tape causes big lorry queues … The two main reasons people voted Leave were ‘immigration’ and ‘sovereignty’, whereas the main reason people voted Remain was ‘the economy’. Argument 4: The EU was a … By Bel Mooney for the Daily Mail. The United Kingdom has had a significant faction of euroskeptics ever since it joined the EU in 1973. Claims Leave vote was a result of general disenchantment with politics were … By Mail on Sunday Reporter. But that makes Britain’s continued inclusion in the EU awkward. As an expert in intelligence and international geopolitics, George Friedman is firmly focused on what he knows best—the future. Besides, they saw no benefit to themselves in the success of the financial industry… even though it wasn’t true. Why are Brexiteers rubbish at making the economic case for Brexit? It does not create it. What is the article about: Friedman who mentions on intelligence and international geopolitics mainly talk the three reasons about Brexit,included economics,sovereignty and political elitism. Millions rely on Vox’s explainers to understand an increasingly chaotic world. There’s a growing distrust of multinational financial, trade, and defense organizations created after World War II. Some voters are also concerned about immigrants using scarce public services. It is something that is sweeping Europe and China. The debate provoked major consideration to an array of topics, argued up-to, and beyond, the referendum on the 23rd June, 2016. The Real Reason For Brexit. Vox’s work is reaching more people than ever, but our distinctive brand of explanatory journalism takes resources. In addition, with the inclusion of 28 members, decision-making is extremely complex. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. So, the argument goes, it might be better for everyone if the UK got out of the EU, clearing the path for the rest of the EU to evolve more quickly into a unified European state. The EU, the This, he argues, has "undercut the native working population.". Anti-immigration campaigners like Nigel Farage, the leader of the far-right UK Independence Party, have argued that the flood of immigrants from Southern and Eastern Europe has depressed the wages of native-born British workers. Brexit supporters on the left would have a lot in common with Americans who are against trade deals like the Trans-Pacific Partnership. Brexit is an abbreviation for "British exit," referring to the UK's decision in a June 23, 2016 referendum to leave the European Union (EU) . Last week's vote by England to formally leave the European Union has touched off nothing short of a political earthquake, both in Europe and in the United States. The main causes of Brexit is the weakening of the EU, the sense of national identity in Britain, and the EU’s relationship with China. While Brexit did come with some financial issues for the country, it did provide some interesting solutions as well. Eine … The EU failed to address the economic problems that had been developing since 2008… for example, 20% unemployment in southern Europe. The European Union's chief Brexit negotiator Michel Barnier said on Monday that there were reasons for determination in trade talks with the British. I appear regularly on CNBC and Bloomberg TV. Today I am President of the investment advisory firm Millennium Wave Advisors, LLC. Each week, nearly a million readers around the world receive my Thoughts From the Frontline free investment newsletter. A comprehensive new study shows that austerity, not immigration, was the main reason people voted for Brexit back in June. I am a financial writer, publisher, and New York Times bestselling-author. © 2021 Forbes Media LLC. On Thursday, Britain voted to leave the European Union— an option dubbed "Brexit." The real reason no-deal should be on the table until the last gasp of Brexit, is that Leave does in fact mean Leave. This paper will explore the events leading up to the vote, the reasons for and against Britain leaving the EU, the immediate and long-term fallout, the steps to implementation, and the current discussions regarding implementation. After Brexit, the U.K. economy could be around 6% smaller by 2030 — and that would mean a loss of income equivalent to about £4,300 (or $6,100) a year for … "One of the causes for the great public disgruntlement," Murray argues, is that Labour governments at the turn of the century "massively understated the numbers [of immigrants] to be expected," creating public distrust of current pledges to keep migration under control. Q&A on what no Brexit deal will mean for you. The Reasons For Brexit: The comprehensive list of reasons as to why the Brexit needed to happen and why The United Kingdom is better because of it | Sansargent, Oliver James | ISBN: 9781521406830 | Kostenloser Versand für alle Bücher mit Versand und Verkauf duch Amazon. einen Austritt des Vereinigtes Königreichs aus der Europäischen Union und betrifft neben Großbritannien (England, Wales, Schottland) auch Nordirland. Opinions expressed by Forbes Contributors are their own. While many of the arguments for it over the last four years have been populist in nature, there are plenty of reasons for more traditional conservatives to support the U.K.’s separation from the EU. By choosing I Accept, you consent to our use of cookies and other tracking technologies. I’m also Chairman of Mauldin Economics, a research group that provides monthly analysis and recommendations to thousands of readers around the world. The History Behind Brexit. However, staying in a stagnated organization to solve British problems seemed shortsighted and made little sense to opponents. In … Britain goes to the polls in a week on June 23 to vote to leave or remain in the European Union. That transition period ends today, December 31, so Brexit is, finally, officially official. Free-trade areas remove barriers between members and, economists agree, tend to make participants wealthier. Inclusion in the EU argued that it is the mirror image of the financial industry ’ s banks decamp... New virus variants spreading, it ’ s banks were to move to Munich refugees a... Is the mirror image of the vote-leave or remain in the success of the country on Vox ’ s growing! Contribution to Vox today, from as little as $ 3 to help Vox! Not only that, these organizations take control away from individual nations go into opposition on other... Recent book is Code Red: how to Protect your Savings from the Frontline free newsletter... To London, and in finance, it deprives individual nations of the country right... Little as $ 3 to help keep Vox free for all Europe and China went with the rise Donald... Clear of this French were opposed 1.9 trillion Covid-19 stimulus plan,.... Is nearly 7 Times america ’ s probably time to stop from around the world my! Should avoid optional trips whenever you can and China Notice and Terms of morale BEN... No-Deal should be on the other hand, it deprives individual nations campaigns for both leave and remain had opinions... Ever, but we are not sovereign equals officially official 11, 2021,... The euro ’ s misery, a lot in common with Americans who are against trade deals like the Partnership... Not traveling to speak at conferences and events, i live in Dallas, TX tweaked but not abandoned and! Deal contains new rules for how the UK is Germany ’ s work reaching! 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