10 Things About Brexit You Must Know!
With Britain voting to move out from European Union by a margin of 52 to 48 percent, it is high time that you know about Brexit. Below are listed the facts that you should know about Bretix.
10. Bretix is the beginning of end of EU
With Britain having left EU more countries as France, the Netherlands and Italy are looking at having their referendums. This might lead to dissolution of European Union in the coming days.
9. It will take time to get Bretix official
Britain will need to negotiate with EU before they might get to leave officially. This might take two years under the Lisbon treaty. They can however think of having a separate agreement if they so wish.
8. It will be beneficial in the long run
Britain will benefit in the long run while out from European Union. United Kingdom will be able to engage in free trade agreement and find better business opportunities.
7. Economic hardship in the short run
Leaving European Union not only costed Tony Blair his job but Sterling declined by 11 percent against the dollar. Moreover, gold prices rose by 6 percent and Asian markets also showed a decline of one to four percent in their stock averages.
6.Immigration was a breaking point for Britain
The 1985 Schengen Agreement allowed for free movement among EU nations without the need of a passport check. Massive immigrants came to Germany from North Africa and Middle East. This led to some violence and increase in crimes too.
The open border policy besides raising concerns for security also caused economic loss to Britain and hence it decided to opt for Bretix.
5. Britain economy suffered a lot
EU had provision for agriculture subsidies, tax harmonization and numerous such aspects which caused much economic loss to Britain. Over the years, it had started affecting the indigenous population in Britain and hence it thought of moving out from EU and opting for Bretix.
4. British Taxpayers considered EU a burden
Studies from Cardiff Business School and University of Buckingham suggest that membership of EU has cost 11 percent of Britain’s annual GDP. These costs were causing tax concerns to taxpayers in Britain and hence this factor also worked in favor of Britain walking out of EU.
3. European Union has outlived its purpose
The idea of European Union developed initially in 1950s to fight against Soviet Union. It became European Union officially in 1993. It has developed over the years into power grabbing bureaucracy which worked against Britain and it opted for Bretix.
2. International bureaucracy with little wisdom was ruling over Britain
With Britain being a part of EU, it was being governed by a set of people who had little knowledge of changing economic scenario in the region. Therefore, Britain decided to opt for Bretix in which it is likely to get more economic freedom to take its own decisions.
1. It was people’s will
The people of Britain wished to move out of EU as they wanted to be free economically and contribute to the global economy in a concerted manner. The origin of Bretix is based on this assumption.