Advantages and Disadvantages of BREXIT to the UK

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7 Advantages of BREXIT to the UK

The UK Reclaims its Sovereignty

Being a part of the EU implied that the Parliament’s primary function would be limited to mandates from the EU governing body. Due to BREXIT, the Parliament was given back its initial power to control domestic affairs.

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Immediate Cost Reduction for the UK

In 2016, Britain paid around 13 billion pounds for the membership in EU but only got 4 billion pounds in return through pending (Gaille, 2019). The cut of the spending resulted in immediate cost reduction for the UK.

Prompt Reduction in Issues due to Immigration

Through the EU’s practice of forced immigration, around 800,00 people moved to the UK and took opportunities from the UK population (Gaille, 2019).

Decrease in the Unemployment rate

BREXIT created an opportunity for new jobs in the field of trading. Combined with a reduced number of immigrants, both outcomes provide a possibility for a decrease in unemployment rates.

International Trade

BREXIT allowed the country to establish new international trading agreements and partnerships based on the country’s specific interests.

UK National Security

The country’s decision to exit the EU helped improve the situation with visitors checking and controlling the overall flow of people in the county to prevent terrorist attacks.

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End of Unrestricted Immigration/Open Borders

The ending of forced immigration practice combined with the opportunity to close the open borders allowed the UK to gain supervisory control and increase security to provide safety for the population.

7 Disadvantages of BREXIT to the UK

Loss of Foreign Direct Investment

The EU was a primary source of foreign investments for Britain. In 2012 UK received over 900 billion pounds in assets, and half of them came from the EU (Gaille, 2019). The reduction of investments implied a risk of negative effects on the UK economy.

Damage to the flow of Intelligence

BREXIT interferes with the flow of information shared by the EU and NATO; the limitation of that data would reduce the amount of information required for safety measures.

Shortage of skilled labor

People with high education purposefully moved from the EU to the UK; limitation of immigration possibilities left a significant amount of vacant high-skilled jobs.

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Britons Living in other EU nations must return to the UK

At one point, Britons were allowed to return only if they had an income of at least 18,600 pounds (Rowland, 2020).

The increase in the average Household Costs

After BREXIT, the UK was unable to negotiate the pricing for energy, so the population of the UK experienced higher prices for heating and cooling services.

End of Unrestricted Immigration/Open Borders

Although the end of unrestricted immigration is a positive outcome, the closed borders and difficulties with Brits’ return to the UK could potentially lead to a labor shortage in the UK.

Cancellation of cross-border trade agreements

Leaving the EU implied cancelation of 29 of the existing cross-border trade agreement. Currently, the UK is revising these agreements and aims to guarantee benefits of the trade deals for both counties.

References

Gaille, L. (2019). 22 Pros and Cons of Brexit. Vittana. Web.

Rowland, L. (2020). Brexit: Means test for Britons to return with EU family. The Connexion. Web.

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DemoEssays. (2022, September 1). Advantages and Disadvantages of BREXIT to the UK. Retrieved from https://demoessays.com/advantages-and-disadvantages-of-brexit-to-the-uk/

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DemoEssays. (2022, September 1). Advantages and Disadvantages of BREXIT to the UK. https://demoessays.com/advantages-and-disadvantages-of-brexit-to-the-uk/

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"Advantages and Disadvantages of BREXIT to the UK." DemoEssays, 1 Sept. 2022, demoessays.com/advantages-and-disadvantages-of-brexit-to-the-uk/.

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DemoEssays. (2022) 'Advantages and Disadvantages of BREXIT to the UK'. 1 September.

References

DemoEssays. 2022. "Advantages and Disadvantages of BREXIT to the UK." September 1, 2022. https://demoessays.com/advantages-and-disadvantages-of-brexit-to-the-uk/.

1. DemoEssays. "Advantages and Disadvantages of BREXIT to the UK." September 1, 2022. https://demoessays.com/advantages-and-disadvantages-of-brexit-to-the-uk/.


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DemoEssays. "Advantages and Disadvantages of BREXIT to the UK." September 1, 2022. https://demoessays.com/advantages-and-disadvantages-of-brexit-to-the-uk/.