THESIS
The economic consequences of leaving the EU are the heart of the Brexit debate. In June, UK voters will decide whether to remain part of the EU. This research explores the UK’s options if a majority votes in favor of Brexit. All options, however, involve a trade-off between political sovereignty and economic benefits. Furthermore, this research will reveal the effects on this process and decision on the democracy of UK.
INTRODUCTION
At its core, Brexit – British exit from the European Union- is a remarkable event: it would seem that nothing foreshadowed the Brexit vote, but the fact that the complex processes gave rise to numerous questions: – what is it? What triggered the Brexit? Was it a symptom of the collapse of the European Union in general, or is it the beginning of its transformation into another organization? In addition, finally, what are the driving motives for Brexit and how much a country, “broken out” of the European Union, will become sovereign and independent.
This research will clear out several questions such as: How Britain came to decide not to be part of the European Union. And this will help make sense of the biggest, looming question: What happens next?
OBJECTIVES AND PROBLEM STATMENT
Over the last two decades or so, the whole world has experienced rapid changes and socioeconomic transformations. The socioeconomic changes and the rapid increasing rate of emigration in Europe affected and caused severe stress mainly started to the need of isolating British from the rest of Europeans. The European union has a very large impact on the increasing rate of immigration to the UK based on the agreements of the union that allowed any citizen of the members in the union to work freely as a citizen in another membered country. An estimated 219,000 citizens from other EU countries immigrated to the UK in the year to June 2018, and that what mainly cause for the referendum to the Brexit which resulted in decreasing this rate and there has been a large fall fallowing the vote. However, the decision of UK leaving the European union didn’t come to an end yet. (Giles, 2018). The research project will therefore seek to explore and investigate the following:
• To identify and evaluate if the demands of the UK citizens meets its core goals?
• What will happen after the UK exits the European Union and what are the following consequences of that decision?
• What impact this event will have on the democracy of the UK?