Kialo requires cookies to work correctly.
Should the United Kingdom remain a member of the European Union?
Leaving the European Union is likely to be economically catastrophic for the UK.
London's talent pool.
The devaluation of the pound would be the most terrible blow to the heart of the UK, which is an importing nation.
Multiple economic bodies have predicted a weaker economy for the UK, in the long term, outside of the Union.
There is a very high cost involved in duplicating a lot of EU backed institutions on a national level (for example European Drug Agency, or the aviation regulators)
The British economy is already suffering as a consequence of Brexit.
Leaving the EU means that the UK also leaves the trade agreements made by the EU. Because of this the UK will have to sign new trade deals which will be done under less advantageous conditions as they won't have the leverage that the EU does.
Parts of the United Kingdom, such as
rely heavily on the agricultural subventions by the European Union.
Europe funds regions directly and invests
£5 billion per year in the UK
Being in the customs union means that when UK companies want to import from and export to European countries, they pay no customs duty and there are no administrative formalities
Standards for products sold across the EU are developed in a coordinated fashion, thus freeing businesses from the need to adapt their products to different country-specific standards.
44.5% of the UK's
in 2017 were to the EU. These trade flows would be
as trade costs increase even under the most optimistic assumptions.
Government impact analysis
shows that GDP will be reduced by between 2 and 9%.
Other developed nations such as the US and Australia grow
as fast or faster
than developed countries in the EU. There is no reason why the UK cannot replicate their success as an independent nation.
its willingness to agree both a transmission deal and a full FTA with the UK thereafter, which will mitigate the negative effects of leaving the EU.
Almost all of the "
" predictions about the economic, social and political damages that a Brexit would inflict on the UK have not turned out to be true.
The EU is the
slowest growing market
in the world today. Leaving would allow Britain to establish bilateral trade with growing markets, i.e. MERCOSUR, SE Asia, while still in their in infancy, allowing better terms to be established than with traditionally economically strong nations.
For the EU to allow such a catastrophe in the UK would transform it into a union based on economic duress rather than mutual co-operation.
The British Economy will no longer be tethered to the tremendous debts other Euro countries are accumulating.