Advantageous or Disadvantageous of a British Exit from the EU - Essay Example

There is a statement that the UK exit from the EU will influence every sphere of business, beginning from the flow of workforce and ending free trade area. It is also wrong to state that jobs that were executed by the non-non-residents simply disappear or there will be no opportunity to sell goods and services abroad. This does not mean that tariffs on British products arriving in France will be doubled. However, the theory that British businesses would flourish from the released troublesome EU rules is much arguable (Miller 2013). Today, the British regulatory requirements come directly from Brussels, which greatly influence businesses. Thus, the EU working time directive has diminished working hours for most employees (Springford & Tilford n.d). There is also stated that the British economy would have benefited from an EU exit because stopping net contribution payments would help to decrease the UK deficit (Mitchel & Lowenstein 2013).

Economic output

According to the European Commission, the single market enhanced the economic results of all the EU members. If British trade suffers, the economy suffers as well. The economists say that overseas investors would be put off, causing the direct investment to fall. For this reason, the UK GDP would be about two percent lower if the UK leave the EU. However, in the eurozone crisis, levels of foreign investment in the UK could go up if we left the EU (Viitala 2005).

Business

New targets of the EU are set to pay much attention to the areas of activity in sustainable development, social protection, and human rights. Such factors have raised big concerns about the influence of the EU on business and the wider economy. The costs to businesses that run their activities by the EU regulations are not equivalent to their economic influence because they will be offset by benefits (Bethke 2007). The EU policy stands for the following of the single regulations that will produce a total benefit. For Britain, its exit from the EU would mean relying on British competition authorities alone (Chu 2012). Besides, acting independently from the most influential European markets, such as Germany make it more difficult for the UK to protect the beneficial trade deals across the world. Leaving the EU will also mean avoiding the influence of its policies (David Cameron's EU speech - full text, 2013). London tends to lose its influence on the world environment because it would ruin strong military and foreign policy partnerships.