Brexit and Beyond: Issues that led to Brexit

1 Brexit and Beyond In retrospect, the Brexit debate gained traction because of political and partly social reasons. The Brexit debate started as a slow trickle that became a steady stream that British citizens actualized through a constitution amid warnings that the country would fall in economic and social ranks. Among the institutions that warned of dire economic consequences should the country vote for Brexit was the Bank of England, the IMF, the IFS, and the CBI. However, most of the issues raised to support the Brexit motion resonated well with voters, gaining traction against feelings that the country needed to remain in the union.

Issues that Led to Brexit The major issue that charged people's support of the Brexit motion was England's contribution to the EU every week. According to BBC News (2016), the citizens of England felt that leaving the EU would free 350 million pounds that the country committed to the EU weekly.

Although the authenticity of contributing 350 million pounds per week could not be substantiated, the slogan of freeing 350 million pounds per week for NHS gained much traction among people. It is among the strongest reasons why most people supported the motion to exit the European Union.

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Immigration issues also gave the debate much energy, with most citizens of England feel that the EU opened routes for many people trooping into the country. By leaving the EU, most people believed that the country could control the number of immigrants that entered the country. Many leaders who supported the Brexit debate argued that the country's cultural beliefs were being diluted and that the country's social fabric was being torn by many immigrants who entered the country under the EU agreement (BBC News, 2016).

Incidentally, the support of Boris Johnson and Michael Gove gave the motion the energy it needed to sail through. Political support played a key role in the referendum. Michael Gove, the justice secretary and the former mayor of London, Boris Johnson, had a very big political impact on the debate. The two intellectuals hefted the strategic nous, which appealed to many people across political divides, leading to the referendum.

Economic, Social, and Political Challenges The country's first major economic blow by exiting the EU is a significant drop in direct foreign investments. The foreign investments created employment for the locals and increased government revenue. The other blow is paying 34 billion pounds as a fine for exiting the union.

Amadeo (2022) states that the payment will be completed in 2034. In retrospect, the exit did not solve the issue of financial contribution to the EU, provided that the country will cough such a huge amount of money by 2064.

Politically, many countries have moved their headquarters from the England capital, London, to other cities which are union members. The relocation has led to many people losing jobs. More importantly, England has lost its political position in Europe. For instance, London

3 was home to the headquarters of the European Union. As such, it hosted so many functions organized by the European Union and other giant bodies in the world.

Incidentally, the movement of goods and services was greatly affected. As a member of the European Union, England enjoyed duty-free imports and exports from and to member countries. As a non-member of the European Union, the country will have to pay tariffs and duties that apply to non-member countries. The restrictions will affect workers from other countries to work in Britain and those who moved from Britain to work in other countries.

References Amadeo, K. (2022, January 24). What Was Brexit, and How Did It Impact the UK, the EU, and the US? Retrieved from The Balance: https://www.thebalancemoney.com/brexitconsequences-4062999 BBC News. (2016, June 24). Eight reasons Leave won the UK's referendum on the EU. Retrieved from BBC News: https://www.bbc.com/news/uk-politics-eu-referendum36574526