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Brexit presentation

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This is about the impacts from Brexit.

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Brexit presentation

  1. 1. 12/04/2016 1 The Impacts of UK Leaving EU
  2. 2. What is the European Union 12/04/2016 2 The EU is a unique economic and political partnership between 28 European countries that together cover much of the continent. Road to the European Union • After seen the horror of WWII the European Community needed an alliance. • In 1951 European Coal and Steel Community was formed by 6 countries. • In 1957 European Economic Community was formed. • In 1973 the UK joined to the European Economic Community. • In 1993 the European Union was formed. • In 2002 the Euro became the currency of Eurozone.
  3. 3. Purpose of EU 12/04/2016 3 The fundamental purposes of the European Union are to promote greater social, political and economic harmony among the nations of Western Europe. Now the European Union is an economic and political union of: • 28 member countries. • With the population of approximately 507.4 million people. • With an economy that generates a nominal GDP of about €14.3 trillion (US$18.5 trillion in 2014)
  4. 4. What is Brexit 12/04/2016 4 Brexit is an abbreviation of "British exit" that refers to the possibility of Britain's withdrawal from the European Union. Reasons that leads to Brexit • The interference of European Union. • The UK tax payers money goes directly into European Union, £ 14.5 billion a year. • The European Union regulations cost UK businesses over £ 600 million every week.
  5. 5. What are the impacts of Brexit ? 12/04/2016 5 Economic Impacts • One in every ten UK jobs are linked to the trade with the EU. Therefore Brexit might affect there jobs directly or indirectly. • 61% of UK small business exports go to the EU. Being able to trade freely with EU countries, with no tariffs or barriers, helps small businesses in the UK grow and create jobs. This might be affected. • Impact of Brexit could lead into lower GDP of 2.2% in 2030 or hopefully lead into higher GDP of 1.6%. • Leaving the EU could lead into lower trade between the EU and UK generating complications. • Leaving the EU could also affect Foreign Direct Investment, immigration and economic regulation in UK.
  6. 6. Impact on currency 12/04/2016 6 Sterling (BoE) index • Investors are worried about the possible economic impact of a decision to leave the EU. • The Sterling Pound is falling against all major currencies. • It was down by 2% against US Dollar and hit the lowest since 2009. • It’s dropped 1.3% lower against the Euro.
  7. 7. Impact on Trade 12/04/2016 7 • Trading freely with the EU allows UK businesses to grow. Being able to trade freely with the EU helps UK businesses grow and create jobs . Therefore, leaving EU might put all this at risk. • 4 out of 5 Small Business back the EU. Four out of five UK small businesses say access to EU markets is important to their future growth, in case of UK leaving EU, these small business might suffer losses. • 70% of major business expect damage if UK leave the EU. A new survey shows 70% of FTSE 350 firms, some of the UK’s largest companies, think they’ll be hit if UK leaves the EU. • TTIP (Transatlantic Trade and Investment Partnership) deal between US and EU will not benefit UK if they leave EU. • CETA (The Comprehensive Economic and Trade Agreement) between Canada and EU will also not benefit UK if Brexit happens.
  8. 8. Impact on Society 12/04/2016 8 • Being in European Union means lower prices for UK families - because it's cheaper to trade and there’s more choice. If UK left the EU, the cost of imports could rise by at least £11 billion (sources: HMRC & WTO) – leaving UK families out of pocket as prices rise. • Independent experts estimate the benefits of being in the EU are worth £3,000 a year to the average UK household - due to lower prices and more jobs, trade and investment. This will be all lost if UK leave the EU.
  9. 9. Should the UK remain a member of the EU or leave the EU? 12/04/2016 9 And I say UK should remain a member of the EU.
  10. 10. 12/04/2016 10
  11. 11. 12/04/2016 11

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