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Advantages of the UK Membership in the EU - Assignment Example

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The assignment “Advantages of the UK Membership in the EU” identifies potential EU members and factors that may impact on their membership application, discusses the UK economic activity and summarizes that doing business on the EU scale is more profitable for the UK than domestic economic activity…
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Advantages of the UK Membership in the EU
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Download file to see previous pages The statement “There is little persuasive evidence that membership of the EU has been beneficial to Britain over the past 30 years” is 100 percent false. The main purpose of the formation of the European Union is to create a single market economy. In comparison, each European Union member state which includes the United Kingdom is likened to each state which includes California. Also, the European Union is likened to the United States. The United Kingdom economy has increased as a result of the single European Dollar’ replacement of the different currencies of each state. Tony Blair took the lead in encouraging the ministers to accept a single European Union currency.
There are many advantages to joining the European Union, First, manufacturers and retailers will be able to increase their customer base. First, with the single European Union currency called the European Dollar, companies in the United Kingdom can now sell their products and services to other members of the European Union more easily. Since the single European dollar is used in more states in terms of land area than the United Kingdom sterling, the United Kingdom will be able to increase its sales by expanding its product lines and work into Germany, France, Netherlands and the like  (Grice, 1999).  Second, all European Member states are implementing strict privacy of communication laws unlike in the United States where data is generally freely given. EU privacy law translates to eliminating delicate employment questions like age, military service, religion, and marital status when applying for a new job. ...Download file to see next pages Read More
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