Brexit (6)
Swiss Option (About)
- Adopts EU regulations and rejoins the EFTA - Does not forbid free flow of immigrants since that would go against a single market policy
EEA Option (About)
- Allows for free flow of immigrants but would lessen the economic damage caused by Brexit - Brexiteers do not like this because they do not want immigrants coming in and Britain would still have to contribute to the EU's budget
Canada Option/Bespoke Trade Agreement (About)
- Allows free trade between the EU and Britain with migration controls - Britain would have to abide by EU standards and be able prove the origins of their exports *many think this would be a good starting point for EU and UK negotiations*
Britain and the EU (About)
- Britain was rejected to be a part of the EEC two times before finally being accepted the third try in 1973 - Britain struggled with unemployment, inflation, violence in Ireland, and strikes from 1968-1998 - England recovered and became a huge economic power once again after 1998, though it struggled like all countries did during the Great Recession
WTO/Default Option (About)
- Britain would not have to abide by EU laws, prevents the free movement of people across borders, and Britain would not have to make payments to the EU - Trade barriers and tariffs would arise between the EU and UK from this agreement which would hurt the British economy and trade - Britain would still have to abide by EU regulations
History of England (About)
- England had been the worlds largest economic power during the 1700s and 1800s until WWII when the U.S surpassed them - After WWII, England suffered from harsh economic conditions and focused inward - England refused to involve themselves in certain groups that formed in the 1950's and 60's such at the European Coal and Steel Community and the European Economic Community
What Type of British People Wanted to Leave the EU?
- Older, less-educated, working class wanted to leave
What Type of British People Wanted to Stay in the EU?
- Younger, educated, higher-income citizens wanted to stay
Reasons Britain Left the EU (List)
1) British citizens did not like foreigners coming in and taking their jobs 2) Britain did not like the EU making decisions for them and instead wanted their national government to have full power 3) Britain had a lot of average citizens not doing so well economically and they wanted to focus on economic nationalism and fight globalization 4) The EU took a lot of money from England which British people felt they were not getting their fair share back for
Policy Options the UK Can Seek Post-Brexit (List)
1) EEA Option 2) Swiss Option 3) Canada Option/Bespoke Trade Agreement 4) WTO/Default Option
Short Term Effects of Brexit (List)
1) Interest rates dropped 2) Exchange rates dropped (the pound lost strength) 3) The stock market took a hit after Brexit
Reasons for Britain to Stay in the EU (List)
1) London is Europe's largest financial hub and by leaving this could change 2) Leaving causes a loss of access to Europe's single market (no tariffs) 3) England will have now have to make their own trade deals, something the EU used to do for them 4) There may be a labor shortage for low-scale workers since those were mostly taken by foreigners 5) May be a labor shortage for high-scale workers if banks start moving out of London
Potential Long Term Effects of Brexit (List)
1) London may not be the financial hub of Europe if big companies and skilled workers decide to leave 2) Northern Ireland and Scotland may leave the UK and rejoin the EU since they both voted to remain
