European
Union (EU) has changed since its inception after the end of Second World War as
the European Coal and Steel Community (ECSC) founded by the Treaty of Paris in 1952
to avoid eruption of 3rd world war from which the founders of EU had
emerged. So has UK. EU was formed in
1993 and incorporated the European Economic Community (EEC) which was started
for economic reasons in 1957.
The UK citizens have to forget about free movement
within EU, collaborations in research, easy acceptance to EU universities,
funding, free trade.UK may lose market, investments,
experience depressed growth and employment and this could push it to beg to get
back to bed with EU. Since
the beginning, Britain had its privacy issues along those 47 years it spend inthe relationship; for example, it never adopted the Euro, EU’s common currency,
complained of EU’s supernatural nature which made Britain lose control over its
parliament, its borders, immigration and that was the major reason for the 2016
referendum. However, it appears that those privacy issues are likely to cost it
as UK is now required to hand over more than £30bn
to settle liabilities, guarantee rights to EU expats living in Britain and
establish a customs border down the Irish Sea. UK will also lose all its
representation in EU decision making but will remain subject to the community’s
rules during the transition period.
As UK’s space narrows, its citizens may experience benefits in
the short term such as boost in wage rate, better health care, less immigrants
but again may face economic hit as it loses its main trading partner the EU,
which has and will lead to firms leaving UK's market. However, UK is not worried
about economic consequences as such, the emotional appeal to regain control and for UK, Brexit is a win. Meanwhile, it is prepared to handle
the consequences of the break up after the relationship is off and it believes
there is a way to win. Britain knew that they
were going into a huge risk even before the referendum vote. David Cameron in
2013, while a prime minister said; ‘that’s a huge risk to Britain-to British
Families, to British jobs and-it’s irrelevant. There is no going back’ and he
was right. Finally, Britain has exited the EU and there is no going back.
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