Research Topic : The advantages and disadvantages of UK’s …

Research Topic : The advantages and disadvantages of UK’s Brexit Research Question: Immediate and long term advantages and disadvantages that the UK will face as well as the effects within the EU from Brexit

Abstract

The United Kingdom’s decision to exit the European Union, commonly referred to as Brexit, has raised numerous questions about the potential advantages and disadvantages for the UK and its implications within the EU. This study aims to analyze the immediate and long-term advantages and disadvantages that the UK will face as a result of Brexit, as well as the effects within the European Union. Drawing on existing literature, economic analysis, and political developments, this research will provide an analysis of the multifaceted consequences of Brexit and offer insights into the potential pathways for the UK and the EU moving forward.

Introduction

The Brexit referendum held on June 23, 2016, resulted in a historic decision wherein 51.9% of the voters opted for the United Kingdom to leave the European Union (EU) (The Economist, 2016). This decision marked the beginning of an unprecedented process that is set to have far-reaching consequences for both the UK and the EU. The UK’s withdrawal from the EU entails renegotiating trade relations, revising regulations, and redefining its position on the international stage. This research article aims to explore the immediate and long-term advantages and disadvantages that the UK will face as a result of Brexit, as well as the effects within the European Union.

Body

Immediate Advantages

One of the immediate advantages of Brexit for the UK is the reclamation of sovereignty. Advocates for Leave argued that EU membership entailed a surrender of national sovereignty, as UK legislation was overshadowed by supranational regulations and decisions made in Brussels (Deudney & Gowan, 2017). With Brexit, the UK can regain control over its domestic policies and restore its ability to negotiate independent trade agreements. This newfound sovereignty allows the UK to tailor its policies to specific national interests, potentially leading to increased economic competitiveness.

Another immediate advantage is the possibility of reducing the financial burden of EU membership. As a net contributor to the EU budget, the UK has been making significant financial contributions to fund various EU policies and initiatives. By leaving the EU, the UK would no longer be required to make these contributions, freeing up resources that could be redirected towards domestic priorities (Curtice, 2019). Furthermore, Brexit affords the UK the opportunity to structure its own immigration policies and potentially reduce the strain on public services attributed to EU migration (Talbot, 2016).

Immediate Disadvantages

On the other hand, Brexit also presents immediate disadvantages for the UK. One of the most pressing concerns is the potential disruption to trade. The UK’s membership in the EU’s Single Market has facilitated free movement of goods, services, capital, and labor within the EU. Leaving the Single Market would mean that the UK will face customs and regulatory barriers when trading with the EU (Harrison & Walker, 2018). These barriers can result in increased costs, delays, and uncertainty for businesses engaged in cross-border trade. Thus, the immediate disadvantage of Brexit lies in the potential negative impact on economic activity and the potential loss of market access to the EU, which is the UK’s largest trading partner.

Moreover, Brexit risks causing political instability within the UK. The referendum exposed deep divisions within British society, as regions and demographics held contrasting views on EU membership (Goodwin & Heath, 2016). The decision to leave the EU has led to strained relationships between the UK’s constituent nations, as Scotland and Northern Ireland voted to remain in the EU. These divisions have not only impacted domestic politics but have also complicated negotiations with the EU and raised questions about the future unity of the United Kingdom (Johnston, Jennings, & Kilpatrick, 2019). The potential repercussions of increased nationalism and separatist movements pose significant challenges to the stability and cohesion of the UK.