The Benefits of Leaving the European Union: A Brexiteer’s Perspective

Following the UK's departure from the European Union, also known as Brexit, the country has experienced significant positive changes. According to the perspective of Brexit supporters, leaving the EEC/EU has brought substantial benefits, including enhanced job protection, improved trade balances, and more favorable business conditions.

Protecting UK Jobs and Benefits

One of the primary benefits highlighted by Brexiteers is the reduction in the influx of unwanted Eastern European migrants to the UK. From 2010 to 2020, an average of 350,000 Eastern Europeans migrated annually to the UK. This wave has now been curtailed, which Brexiteers argue has protected UK jobs, the benefit system, and housing stock. By controlling our borders, the UK is in a better position to maintain and enhance its workforce.

Reducing Subsidies to the EU

Brexiteers also point out that the UK was the second largest net contributor to the EU budget. By leaving, they believe the UK can allocate funds towards domestic priorities. Furthermore, they argue that the UK no longer needs to subsidize the EU, leading to improved fiscal responsibility and a more self-sustaining national economy.

Improved Trade Balance

Another significant benefit mentioned is the improvement in the UK's trade balance. The UK's balance of trade with the EU improved by ￡38 billion a year upon leaving the single market. This substantial improvement is seen as a clear indication of the UK's economic strength and the potential for further growth. In contrast, Germany, formerly a strong economy, has seen a similar negative impact on its trade balance.

Attraction of Global Multinationals

With the freedom to set its own policies, the UK has become an attractive destination for multinational companies. Shell and Unilever, among others, have moved their global headquarters to the UK due to its reputation for being more business-friendly than the EU. According to BNP Paribas, one of the largest banks in Europe, they encourage customers to invest in British companies and avoid the Eurozone as they expect the British economy to outperform the EU.

Regaining Control and National Sovereignty

The most significant benefit, according to Brexiteers, is the regain of national sovereignty. The UK is no longer controlled by Brussels, allowing it to control its laws, waters, and fishing rights. This autonomy also allows the UK to determine who can live and work there, as well as whom and on what terms it can trade with. The UK is now free to create its own world-beating trade deals, set its own British standards, and be free from the Working Time Directive.

The Future of the UK

The potential benefits of Brexit are vast, including the ability to forge new international relationships, enhance domestic trade, and set a course for economic independence. The United Nations recognizes the UK as the fourth-largest exporter in the world, highlighting the country's significant economic standing. However, the challenge remains in turning these potential benefits into tangible, sustainable growth for the future.

Brexiteers and their supporters believe that the UK has much to gain from its departure from the EU, provided that it seizes the opportunities that come with it.