Advantages And Disadvantages Of Brexit

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Last year, the Conservative party in the UK made huge gains by winning the general elections. This win initiated a manifesto pledge to carry out a referendum on Britain 's membership in the European Union, with a final decision set to be made by the end of 2017. Last winter, current Prime Minister of Britain, David Cameron, went on a tour of the most notorious EU capitals in which he attempted to renegotiate Britain 's terms of membership within the Union. After the tour, Cameron proceeded to campaign wholeheartedly to keep Britain within a reformed EU under newly negotiated terms and conditions. However, several members of his own Cabinet still continue to argue for a British exit, or what is colloquially referred to as Brexit (“EU Referendum”). There are many possible benefits and disadvantages of a Brexit, regarding the perspective of the United Kingdom. With so many political, economic, and social repercussions, it can be difficult to gauge how greatly this would affect Britain, especially because no country has ever left the European Union in the past. Fortunately, there has been much study, debate, and research about the possible outcomes that make it far easier to foresee what kind of turnout can be expected if a Brexit does indeed occur. These facts then make it much simpler to decide on a vote, for or against the exit, by choosing which plan of action results in the most possible benefits for the United Kingdom.
To an extent, a Brexit could be wildly detrimental to
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