Dear British public…
Do we stay in the EU or go it alone?
I have spoken to many, done the research for both sides and have decided to fight my case for why we should stay in the EU. The reason being too many have decided without grounds to have a reason other than “I’m patriotic” or “I like the EU”. These should not be reasons and a real investigation is needed to help ones decision.
So here we go…
Trade — a big advantage to us as an economy. Free trade between member nations which makes it easier and cheaper to transport goods to member countries. We risk losing our negotiation power internationally if we leave the EU. Imagine breaking up with a girlfriend or boyfriend and then the other party deciding the terms of the break up… leaves it very one sided when negotiating terms for the future of trade if no longer in the EU. France, Germany and other will not play fair.
Investment — if we leave investment will most likely drop. The UK will no longer be seen as the gateway to Europe through investors eyes and the money will be spent elsewhere in Europe. This will also surely effect the rise of startups in the UK with less investment and opportunities within Europe to access. (bye bye ERDF https://www.gov.uk/government/publications/draft-european-regional-development-fund-operational-programme-2014-to-2020).
The UK being a financial centre will surely be questioned. You can see this already with French President Francois Hollande stating he would happily invite British bankers to France if an EU-exit happens. This put thousands of jobs at risk across the UK and a declining UK economy. This will also surely effect startups, angel investing and venture capital funds too
Jobs — A changed Britain outside of Europe means less access to skilled workers coming from around Europe. There already is a huge digital skills gap, especially in software development. Imagine trying to hire a software developer without access to the European pool?
Some of the UK’s leading FTSE 100 firms have voiced huge concerns that leaving the EU would threaten thousands of jobs and put our Economy at risk. BT, Marks & Spencer’s, 02 and Vodafone to name a few. Its estimated that between 3 and 4 million people jobs are directly or indirectly linked to export to the EU from the UK. This is around 12% of the UK workforce and also the same as of GDP thats based on EU exports. The big question is how many of these 3 to 4 million people will be effected if we voted to leave the EU? How many people will be out of work? And how much will our economy decline? Huge questions to ask and all dependent on one decision everyone in the country has to make.
Even though EU regulations set restrictions to many SME’s that do not trade with the EU, the potential cost of millions of jobs outweigh’s this hugely. Many have warned that millions of jobs could also be lost within global manufacturers, such as car makers. They will surely move to lower-cost EU countries such as Poland, Estonia or Latvia. Even the British farming industry would be hugely effected as the EU every year provides billions to EU subsidies to help grow the British farming industry. You can see the stats here for yourself: http://farmsubsidy.openspending.org/GB/
Influence — We would lose our stance as being a global influencer. No longer seen as a useful ally to the USA as we would be detached from Europe. Enough said.
Security — The EU is an important pillar of our security. Its a time of instability of the Middle East and an increased Russian aggression. Nato and EU member alike make a stronger united front.
Immigration in the UK has increased year on year. Migrants are mainly of working age, many as students coming to look for jobs which has in turn increased our labour force and the output capacity of our economy. This has helped industries that had a short fall of skilled labourers especially in the public sector. Many migrants were also willing to fill job opportunities that many British people would simply not do as they were deemed degrading. With many of the migrants of working age, in turn this has benefitted the government’s budgets.
Interestingly nearly 500,000 students in higher education in the UK are international which is important to the economy as its suggested that these foreign student contribute over £2.5bn per year in University fees, which in turn helps finance education for domestic students.
As a side note it annoys me personally when talking immigration is that many blame migrants for destroying the NHS or the benefits system. But in reality the main problem for the NHS is unhealthy life styles. Billions per year is spent on medication and treatment for obesity or poor diets. The crazy thing is over 10% (over £12bn per year) of the NHS budget is spent treating diabetes — especially type 2 which is linked to inactivity and obesity. When compared to the £1.8bn spent on migrants within the NHS it just shows that the British public itself is to blame for the NHS mess.
I could rant about this for hours on end but here I will stop. Maybe soon I will write a blog post about NHS spending and our welfare system… could be interesting…. anyways….
The vote to stay in or out will effect everyone. Make sure you do your research for both sides of the argument and do not vote based on assumptions. Make an educated decision and the wrong vote may result in huge repercussion for our society as a whole.
I’ve made my decision. I’ve done my research. I’m voting to stay in the EU (as you probably guessed!)
To be balanced - here are some potential pro’s that the Brexit lobby argues quoted from the Economist. However many are questionable!
- Both sides have a strong interest in a free-trade deal. True, but any deal is unlikely to cover services.
- Britain runs a big trade deficit with other EU countries, they need the British market more than Britain needs theirs. However this is fallacy as Britain accounts for only 10% of EU exports, while the EU takes almost half of Britain’s.
- A post-Brexit Britain could strike new free-trade deals swift. Yet this is doubtful and as I pointed out earlier its like ending a relationship and the other party agreeing the terms. It is one-sided.
- Tighter immigration controls — yes possibly but would be more detrimental instead of being useful. Plus the current migrant crisis in Calais will topple over to Dover as the French President insisted they will no longer enforce strong border controls to the UK post-Brexit.
Thanks for reading and would love your comments below!