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Transcript of BREXIT
Why the UK is questioning membership
I say to our European partners, we have real concerns. Our concerns are not outlandish or unreasonable
UPCOMING: Another Referendum!
Reasons for Referendum
Not a member of the Eurozone
A Closer Look
Net contributor to the EU and money is used across Europe to level the playing field for the EU’s poorer countries (new roads, broadband)
The “bill” is rising as the U.K’s economy improves £11.3 billion ($17.4 billion) in 2013, compared to £2.7 billion in 2008
EU membership is in the way of
trade ties outside the trading bloc
Tuesday, January 19, 2016
We already know...
1961: United Kingdom applies
France vetoes (and again in 1967)
1969: Hague Summit -> 1973 UK joins
1984: "I want my money back"
Harold Wilson stated in the Labour manifesto the referendum was to “seek a fundamental renegotiation of the terms of entry” after a “political mistake” by Heath
67% voted to stay part of the EEC
33% voted to discontinue the UK's membership
Will Britain Leave the European Union?
Following the general election in May 2015, Prime Minister David Cameron reiterated the Conservative party's commitment to hold an "in-out" referendum on Britain's membership of the EU.
1975 1st referendum
European Court of Human Rights in certain high-profile cases has made difficult to deport foreign-born criminals
If the U.K. moves away from the ECHR's influence, it joins Belarus as the only European countries not to comply with it.
Tighten ties during the credit crisis. Further integration is expected, questioning the position of the 10 members outside the Eurozone – led by Britain
Unexpectedly high level of migration from several old Soviet bloc states after they joined the EU (>14 million citizens)
New source of cheap labor threatens workers
Migrants able to claim welfare benefits in the U.K.
On Gross Domestic Product
Worst case: UK fails to make a trade deal with the EU and does not pursue a free trade agenda
Best case: UK strikes a Free Trade Agreement with the EU, pursues deregulation of its economy, and opens up almost fully to trade with the rest of the world
Realistic case: UK strikes a comprehensive trade deal with the EU but does nothing else
UK pursues free trade with the rest of the world and deregulation, in addition to an EU FTA.
PROS AND CONS
WHAT DOES BRITAIN WANT?
In Order for the UK to Stay, Cameron demands...
Allowing Britain to opt-out from the EU ambition to forge an "ever closer union" of the peoples of Europe
Giving greater powers to national parliaments to block EU legislation
Supporting the continued enlargement of the EU to new members but with new mechanisms in place to "prevent vast migrations across the Continent"
Providing access to new markets through hastened free trade deals with America and Asia
Creating safeguards to ensure changes in the single market cannot be imposed on non-eurozone members
Free British police forces from EU interference
ADDRESS MIGRATION ISSUE
Four-year delay for EU migrants wishing to claim in-work benefits, such as tax credits, or seeking access to social housing
Stopping migrants claiming child benefit for dependents living outside the UK
Removing migrants from the UK after six months if they have not found work
Restricting the right of migrants to bring non-EU family members into the UK
Speeding up deportation of convicted criminals
Longer re-entry bans for beggars and frauds removed from the UK
Extra money for communities with high levels of migrants
Trade power with other countries
no more paying for the "Black-sheep"
Remove work hour limit
Create a freer economic market, more sovereignty
U.K can fully decide in Border control issues
Remove threat to Britain's military freedom
British firms would face new tariffs
Lose free movement
UK firms can't employ other EU states' workers
Lose some military influence
Bigger influence if UK is inside the EU
Can lose millions of jobs linked to EU membership
Unpredictable economic performance