Implications of the United Kingdom/ Great Britain’s Exit from the European Union
Before we tackle on the implications of Britain’s exit (Brexit) from the European Union (EU), it is worth noting first why the Brits decided to depart from the EU.
Reasons for Brexit
A look into United Kingdom’s (UK) membership history shows that it remained aloof from the continent’s first postwar efforts towards integration, the European Coal and Steel Community (ECSC) and the European Economic Community (EEC), formed in the hopes of avoiding another war. According to the Brits, they never entered the EU with the same political imperatives as that of France or Germany. Nor were they been invaded or lost the war.
The Brits didn’t join the EEC until 1973. But despite membership, suspicion of political union with the rest of Europe remained strong. Brexit critics argued that the European project was already moving beyond mere economic integration and toward a European “superstate.”
For decades, UK has had a hesitant and sometimes contentious relationship with the European Union. London has kept its distance from Brussels' authority by negotiating opt-outs from some of the EU's central policies, including the common euro currency and the border-free Schengen area. Even still, the EU's faltering response to recent crises has fueled a renewed euroskepticism.
The Brexit became apparent when the UK Independence Party, who were campaigning for Britain's exit from the EU, won the 2016 European elections. Joining the cause are about half of Conservative MPs, including five cabinet ministers, several Labor MPs and the DUP.
Advocates are of the opinion that Britain was being held back by the EU, which imposed numerous rules on business and charged billions of pounds a year for membership fees, yet miniscule in return. Advocates argued that by reclaiming its national sovereignty, the UK would be better able to manage immigration, free itself from onerous regulations, and spark...