The Possible Pros and Cons of Brexit from the British Perspective
This page outlines the main arguments for and against Brexit, focusing on key areas such as economics, sovereignty, and security.
Pros of Brexit
Financial Savings
Supporters argue that leaving the EU would save the UK's annual contribution of £8.5 billion.
Highlight: The potential savings from EU membership fees is a key argument for Brexit supporters.
Increased Sovereignty
Brexit advocates claim that EU membership weakens the British Parliament, as laws are made in Brussels rather than London.
Trade Independence
Leavers propose that Britain should exit the common market and establish its own trade agreements with other countries, similar to Canada's arrangement with the EU.
Attracting Investment
Some argue that freedom from EU regulations would make Britain more attractive to the finance industry.
Immigration Control
Pro-Brexit voices claim that remaining in the EU leaves the door open to uncontrolled immigration.
Cons of Brexit
Economic Impact
Remainers argue that EU membership brings investments to the country that outweigh the contribution to the EU budget.
Vocabulary: Outweigh - to exceed in value or importance
Trade Disruption
Over 50% of Britain's exports go to EU countries. Leaving the single market could result in a loss of influence on EU trade regulations.
Definition: Single market - an association of countries trading with each other without restrictions or tariffs
Reduced Investment
Critics argue that investments will decrease as foreign companies are keen on gaining access to the European market, and the British market alone is too small to attract large companies.
Diminished Influence
While some laws are passed in the EU, remainers argue that the British government can still strongly influence European law-making.
Security Concerns
Remainers say that national security is better guaranteed within the EU, as intelligence agencies and police work together and exchange data on terrorists and other potential threats.