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बेसिक इंग्लिश का दूसरा सत्र (कक्षा प्रारंभ : 22 अक्तूबर, शाम 3:30 से 5:30)
Q. Brexit issue: Discuss the issue of UK’s referendum to decide whether United Kingdom should leave or remain in the European Union.
Jun 10, 2016 Related to : GS Paper-2

Ans :

Introduction-

Brexit is an abbreviation used for British exit, it refers to the possibility that United Kingdom will withdraw from the European Union. The country will hold an in-out referendum to decide whether Britain should leave or remain in the European Union.

The European Union (EU) is an economic and political partnership involving 28 European countries. The EU established on the heels of two destructive wars and aimed to avoid a repeat of the first half of the 20th century. It has worked well and EU emerged as a prosperous bloc, with its members closely linked through politic and economic ties.

Background-

In the backdrop of growing calls to exit from EU from Conservative MPs and the UK Independence Party, UK Prime Minister promised to hold referendum on the issue if he won the 2015 general election.

Many argued that Britain had not had a say since 1975, when it voted to stay in the EU in a referendum. According to them EU is gaining more control on daily lives of British people and they want to exit from EU.

Impact if UK leaves EU-

  • UK’s exit will hurt both EU and UK as both will lose easy access to each other’s markets.

  • It also hurts businesses from other countries such as India, because UK was a springboard to a larger market.

  • Exit of UK would impact on the position of both the UK and the EU in the world.

  • In the absence of large market, UK will lose out on investment. But it will no longer have to contribute billions of pounds a year towards the European Union's budget.

Conclusion-

Now UK is all set for referendum 23rd of June. UK being springboard to a larger market, if people of UK votes in favour of exit it will impact not only to EU and UK but also many counties who developed trade with EU’s large single market.


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