After the Rezone debt crisis during 2008, this titivation is not easily to achieve. In January 2013, I-J Prime Minister Cameron has a speech about rethink the relationship between I-J and EX., the speech which EX. referendum in 2017. According to the poll by Harris Interactive for Financial Times after Cameraman’s speech, given an in-out referendum on EX. 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 unifies and loss for UK been an EX. membership and what will happen if UK quitting Euro Union. The advantages of EX. membership for I-J: Being a membership of EX. brings lots of advantages for I-J. The significant economic benefit for I-J 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 EX. GAP was raised by 2. Per cent (в?¬233 billion) and 2. 75 million Jobs were created between the introduction of the single market in 1992 and 2006. For the I-J, that increase in GAP would have been around EYE billion. The Government’s Department of Business, Innovation & Skills estimates that EX. Member States trade twice as much with each other as a result of the single market – which they estimate has meant that increased trade within the EX. since the sass could have been worth around six per cent higher income per capita in the I-J.
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Exports to other EX. countries account for 51 per cent of the Auk’s exports of goods and services, worth IEEE billion; trade with the US, by contrast, constitutes 13 per cent of I-J exports. The single market of EX. also means more Jobs. According to the Business Department in the I-J, there is an estimates result that 3 million Jobs in Britain are linked, directly or indirectly, to the export of goods and services with other member states, suggested in 2011 base on based on a methodology set out in a PC in 2003( IONS, The Pink Book, 2012) Notes: a Assumes El = в?¬1. 527 (Bank of England data series QUASARS) b Exports from the I-J to the EX. 27 Sources: IONS, The Pink Book, orchestrated Library estimates. Another economic benefit to the I-J from EX. membership is the foreign direct investment (FED) – that is, investment in our economy from non-UK sources. Companies often locate in the I-J precisely because we are inside the single market – for example, Niacin’s factory in Cumberland exports to the rest of the EX.. FED has risen considerably across the world since the sass. The UK continues to receive a large share of world FED, despite the global financial crisis.
For example, the UK was the fifth largest recipient after the US, China, France and Hong Kong ($46 billion in the case of the UK) in 2009. In terms of the total stock of FED, the I-J is rated third in the world behind the US and France and ahead of Hong Kong and Germany with $1 . 125 trillion of FED stock in the UK in 2009. Being a member of European Union means I-J is one part of the biggest political association in the world. By working together in the EX. member countries can ensure on the international stage their concerns are heard, and taken more seriously.
When the EX. speaks it represents about 400 million people (this will be mm after enlargement). This is more than the combined population of the United States & Russia. The Ell-cooperation has a significant effect on law enforcement. The European Arrest Warrant (EAI) has been very important in bringing criminals to Justice across Member State borders, the recent past. The I-J issued 220 Saws in 2009, of which 80 were successfully. Like crime, pollution crosses boundaries and the sea is shared by all coastal nations.
EX. measures have raised the quality of beaches by tackling bathing water pollution, to deal with river pollution on the continent and to protect natural habitats. Furthermore, The EX. has taken a leading role in measures to combat climate change. Its members have agreed to binding targets of a 20 per cent reduction in greenhouse-gas emissions, a 20 per cent increase in the use of renewable energy over the same period and a 20 per cent improvement in energy efficiency – all by 020 The disadvantages of EX. membership for I-J: Sovereignty issues The first disadvantage is the loss of national sovereignty.
According to Dermal (2010) when new members Join the ELI, they agree to obey all the regulations even if it is against their national rules and by signing or Joining they put away some of their national sovereignty. Moreover, Curia (2010) also states that when the member states are found in fault, the European Court of Justice (SEC) ask them to take care of the situation in control. The members pay a penalty if they fail to fix or take the situation in control. Dermal in his article claims that “the legal system provides the most evidence of national sovereignty being eroded at the national level and replaced by control.
The SEC is the enforcer of EX. law’ (p. 6). That is, the national sovereignty is reduced gradually as the member states follow the EX. law. Budget consideration: In 2011, Britain was the third-biggest net contributor to the budget at в?¬4. Ban, With an estimated UK population of 63. 1 m people, this means that every man, woman and child paid в?¬178. 65 (IEEE. 17) towards the EX. budget in 2011. Common agricultural policy: The Common Agricultural Policy (CAP) of the European Union (ELI) is the main agricultural policy decisions are made at the EX. level.
These agricultural programs are financed for the most part from the Lets common budget. The Sues Common Agricultural Policy is almost universally considered a wasteful mechanism that encourages over-production and undermines African farmers. Between 2007 and 2013, the I-J will contribute EYE. Ban to the Common Agricultural Policy (CAP) and get back EYE. Ban, according to the Open Europe think-tank. That works out as a net contribution fee. 1 ban. What would happened if I-J outside the EX. in future? Withdrawal from the European Union may not certain to be positive.
One of the consequences is the economics growth might be fall. The Institute of Directors (2000) estimated that the net benefit of FED as a result of EX. membership was equivalent to 0. 5 per cent of GAP. Research by NINES (2004) suggests ‘that integration with Europe has played a significant part in stimulating inward investment into the UK’. Their analysis suggested that leaving the Single Market would permanently lower the level of I-J GAP (by 2. 25 per cent), because productivity would be lower (FED tends to bring tit it knowledge transfers and the investment tends to come from the most productive firms).
Both the arguments that FED would fall and that this would have a significant effect on the level of I-J GAP have been challenged elsewhere. In particular, Japanese and US investment in I-J manufacturing takes place to a significant degree because of our access to the Single Market. Were this access loss, export falling since the I-J lose the biggest single market in the world, However, UK would almost certainly still be allowed to sell goods into the single market. Norway, Iceland and Switzerland already do so through a free-trade agreement.
The difference would be that the I-J would not be able to set the rules that govern the European single market. It would, of course, have to implement those rules to keep selling into those markets though. The withdrawal will also affect the immigration policy in Britain. If Britain left the EX., the Government would not be required to permit the free movement in Britain of all citizens of the 27 nations of the union, nor their right to work here. The free movement of people is two-way, About EX. 165,000 citizens migrated to the I-J in the year to September 2011 and an estimated 748,010
Britons live or work in the European Union. If Auk’s government decided to restrict inflows of EX. citizens to Britain, the European Union would be likely to respond in kind. The opportunities also exist; leaving the EX. mean the government will no longer have high gross contribution to the EX. budget and gets less rebate in various subsidies – mainly agricultural. Which means an annual net contribution for every year. As the Sues Common Agricultural Policy is almost universally considered a wasteful mechanism that encourages over-production and undermines African farmers.