The UK and the EU: in or out?
SE-6021M
European Political Economy
Level 3
2012/13
Student Number: 09018133
Submission Date: Before 3pm, 30 April 2013
Words Total:
The UK and the EU: in or out? Advantages and disadvantages of EU membership for the UK. How would a UK outside the EU look like?
Introduction
Since the first stage of the nation’s participation in the EU, Britain has viewed membership as a means to an end-namely, securing the upside of the welfare-enhancing trade that comes with free access to hundreds of millions of relatively well-off consumers on the continent. After the Eurozone debt crisis during 2008, this motivation is not easily to achieve. In January 2013, UK Prime Minister Cameron has a speech about rethink the relationship between UK and EU, the speech which identified if the Conservative Party leads the next government, there will be an in/out EU referendum in 2017. According to the poll by Harris Interactive for Financial Times after Cameron’s speech, given an in-out referendum on EU membership in future, 50 per cent would vote "out" against 33 percent "in" and there is only 17 percent who would not vote either way. However, Before the British government considering about whether in or out question, it is important for the British government to estimate the benefits and loss for UK been an EU membership and what will happen if UK quitting Euro Union.
The advantages of EU membership for UK:
Being a membership of EU brings lots of advantages for UK. The significant economic benefit for UK is the single internal market. Being a Member of the European Union means the United Kingdom is part of the world’s largest single market. A European Commission study of the single market in 2007 found that the EU GDP was raised by 2.2 per cent (€233 billion) and 2.75 million jobs were created between the introduction of the single market in 1992 and 2006. For the UK, that increase in GDP would have been around £25
European Political Economy
Level 3
2012/13
Student Number: 09018133
Submission Date: Before 3pm, 30 April 2013
Words Total:
The UK and the EU: in or out? Advantages and disadvantages of EU membership for the UK. How would a UK outside the EU look like?
Introduction
Since the first stage of the nation’s participation in the EU, Britain has viewed membership as a means to an end-namely, securing the upside of the welfare-enhancing trade that comes with free access to hundreds of millions of relatively well-off consumers on the continent. After the Eurozone debt crisis during 2008, this motivation is not easily to achieve. In January 2013, UK Prime Minister Cameron has a speech about rethink the relationship between UK and EU, the speech which identified if the Conservative Party leads the next government, there will be an in/out EU referendum in 2017. According to the poll by Harris Interactive for Financial Times after Cameron’s speech, given an in-out referendum on EU membership in future, 50 per cent would vote "out" against 33 percent "in" and there is only 17 percent who would not vote either way. However, Before the British government considering about whether in or out question, it is important for the British government to estimate the benefits and loss for UK been an EU membership and what will happen if UK quitting Euro Union.
The advantages of EU membership for UK:
Being a membership of EU brings lots of advantages for UK. The significant economic benefit for UK is the single internal market. Being a Member of the European Union means the United Kingdom is part of the world’s largest single market. A European Commission study of the single market in 2007 found that the EU GDP was raised by 2.2 per cent (€233 billion) and 2.75 million jobs were created between the introduction of the single market in 1992 and 2006. For the UK, that increase in GDP would have been around £25