Happy Belated Brexit

By Liam

 

Screen Shot 2019-07-17 at 10.52.18 AMOut of the frying pan, into the fiery pits of Parliament.

Brexit, Britain’s exit of the European Union, still has made no progress on a decision since 51.9% of the population voted to leave in 2016’s referendum. British MPs who have spent their terms selling brexit now find themselves disoriented in a whirlwind of panic and confusion. Not knowing which moves to make, with all their cards already out on the table, time is running out to make a decision. As it stands, there are essentially three outcomes to brexit negotiations, a soft exit, a hard exit, and a no deal exit. A soft deal brexit entails that Britain leaves the EU, though it still maintains as much trade and travel benefits as possible. For a hard exit, Britain would burn all their bridges with the EU. Although, if a decision cannot be reached by the UK and the EU by the deadline of April 12th, though Prime Minister Theresa May is still pushing for a further deadline.

The ideal plan for us is to secure a soft deal exit plan with the European Parliament, and to do this as soon as possible to give businesses and politicians the most time to establish their plans for a future without the EU.

To understand why, we should ask, what’s the point of a European Union anyway?

The Union allows for free travel of goods and people, in essence, a fairly good thing. However, in the fine print of the agreements, all countries receive support, and must give aid as is needed, also in essence a fairly good thing. However, for the rich and stable countries having to bail out the poorer countries of Europe for billions and billions of dollars, leaving the Union is coming into the minds of several other European countries in the same position, for example France and Spain have both had talks of leaving the Union, though without such a catchy name.

In addition, according to Oxford University, 45% of people in Britain view immigration as one of the top 3 nationwide issues, as well as 77% agreeing levels should be reduced. Yet, there are over 1.5 million Brits working abroad in the EU, who are safe, but as the time for the decision to be made approaches, if the decision comes back a hard exit or with no deal at all, those workers could find themselves in a heap of trouble abroad. To agree on a soft exit deal would be the best outcome for Britain’s emigrant workers in the EU, giving them enough time to finish up contracts than leaving them stuck abroad.

So what? The UK is leaving the Union one way or another. 

The terms of the agreement will heavily impact one of the largest economies in Europe, and the world. The sudden, sharp exit of the Union that would come with a No Deal or HArd exit could cause an international economic crisis with the market suddenly being closed off, similar to the fiasco in 2008. 

A soft exit deal would give the UK far more time after the decision is reached to set up systems to aid the exit process. If a hard deal is reached, there will be one slippery slope downwards, and if no deal is reached, it could be the end of the road for Britain, or at the least a very deep pothole.

The reason why this is taking such effort and time to accomplish is because of the rash nationalism of members of Parliament who would rather draw out the process and jeopardize the future of the country than to concede defeat to the European Union, seeing a soft exit as weakness for the country.

However, this kind of thinking, while fair for Britain’s vast conquering of the 16th and 17th centuries, doesn’t fit in today’s modern globalized world. 

 

Works Cited

“Brexit: Your Simple Guide to the UK Leaving the EU.” BBC News, BBC, 3 Apr. 2019, http://www.bbc.com/news/uk-46318565.

Chang, Alvin. “Why Britain Left the EU, Explained with a Simple Cartoon`.” Vox, Vox, 24 June 2016, http://www.vox.com/2016/6/24/12025514/brexit-cartoon.

El-Erian, Mohamed. “Brexit Won’t Just Affect the UK – It Has Lessons for the Global Economy |Mohamed El-Erian.” The Guardian, Guardian News and Media, 26 Nov. 2018, http://www.theguardian.com/business/2018/nov/26/brexit-uk-global-economy-eu.

Razin, Ely. “How Brexit Could Affect Finance, Real Estate And The Global Economy.” ForbesForbes Magazine, 8 Aug. 2018, http://www.forbes.com/sites/elyrazin/2018/08/08/how-brexit-could-affect-finance-real-estate-and-the-global-economy/#4afa341c40df.