Breaking It Down / Brexit

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Breaking a UK topic down!

Follow the Erasmus’ adventure in Southampton of the students from the IEMN-IAE, Nantes, France. Every other week, “Breaking it down” tries to make things as clear as possible about a tricky UK topic!

Summary Episode:
Brexit. People are claiming they want their country back: it happened to the UK, could it happen elsewhere?

See you the other week for breaking a topic down! Rdv: 1st December, 9am (Nantes hour) <3

Music:
Melokind – Kellermysterium (Original Mix)

The purpose of this video is to be used in online in scholarly and non-profit publications and blogs.
You will notice that we had to use images from different Channel under creative commons in order to cover the topic and provide interesting information’s support. Please find attached the original videos before footage:

Find out more about the EU Contribution figures put forward in the video on The Guardian’s website: https://www.theguardian.com/news/datablog/2012/nov/22/eu-budget-spending-contributions-european-union

Seeker Daily – Why Does France Control The UK’s Border?

10 Downing Street: https://www.youtube.com/user/Number10gov/videos
– EU referendum: Britain and Europe – in or out

– EU referendum outcome: PM statement, 24 June 2016

– PM on £1 billion trade deals

Wochit News – UK Supreme Court says likely to rule on Article 50 in New Year:

Last Week Tonight Show by John Oliver / All rights reserved to HBO:
https://www.youtube.com/user/LastWeekTonight

Hope you’re going to like it ! Thank you for watching and please do not hesitate to comment !

Script: 

Brexit. Even if all have heard about it, I think it could be interesting to propose you a quick recap, just to make it as clear as possible.

David Cameron, the UK prime minister proposed an in/out referendum : whether to leave or to stay part of the EU that the financial networks usually refer to by the catchy name of Brexit.

Despite being a member, Britain has always had an arm’s length relationship with the EU.
For instance, it doesn’t use the Euro and some British politicians – as Boris Johnson (the former London’s mayor) and Nigel Farage (the leader of the right winged UK independence party) – have been openly hostile to EU policies, arguing it is too bureaucratic.

The most popular arguments used by the Brexit camp involves the EU regulation and the financial contribution that Britain makes to the EU which is about eleven billion euros a year, which as a proportion of its GDP is one of the lowest of the Union.
Now, that said, we can assume that by leaving the EU, Britain would have to spend close to this amount just to access the common market.

Johnson and mostly Farage kept arguing that Brexit would enable the UK to significantly reduce immigration preventing both :
– EU citizen from taking British jobs
– and non-EU citizens from seeking to commit terror attacks.
They were thinking that tightening boarders is what Britain needs to do.
But opting out of the EU, would not necessarily enable Britain to reduce immigration.

Indeed leaving the EU doesn’t really mean for Britain to get control of its boarders. In fact, even though Britain completely cut itself from the rest of Europe, if they want to remain part of the single market, that would mean accepting free mobility of Labor / both into and out of the UK.

Even if leaving was very universally seen as a bad idea, on June twenty-third twenty sixteen, UK voted to leave the EU.

You may wonder, “Why would they vote for something with such negative consequences ?”

Well, essentially Age.
In fact, seventy-five percent of eighteen to twenty-four years old voted to stay, compared to less than forty percent of those over sixty-five.
Surveys suggest that older voters were influenced by arguments:
– there would be money available for their health care,
– and that it would help restrict immigration.

The decision of Britain to leave the European Union has shaken the world.
Stocks were in free fall, the Sterling has collapsed in value dropping to a historically weak level.
Indeed, by leaving the EU, the UK will no longer be part of the financial’s EU regulations, making it impossible to rely on for financial investment until new regulations are established.

(1)David Cameron, who supported the push to stay part of the EU, announced that he would be stepping down in a wake of the vote.
Theresa May has then been nominated to trigger Article fifty. Britain is now having two years to negotiate its withdrawal and future relationship with the EU.

As the EU is being worried about other nations making exit on their own as Denmark, Scotland or Czech Republic, it may well negotiate as hard as possible to make an example of Britain.

However, a few days ago, The High Court of Justice (which could be compared to the Conseil Constitutionnel in France) has ruled that the Members of the Parliament must have a vote on triggering the Article 50, highlighting the fact that Britain wants to avoid a hard Brexit and negotiate softer business conditions.

To sum up, I would find quite interesting to have a look at what John Oliver in his Last Week Tonight show, recorded before Trump’s election, about the Brexit :

Well… A lot to think about now !