My Big Fat Revision

The Brexit vote is often the topic of many discussions. It was a referendum that has the potential to make history. Even those who campaigned for a leave vote such as Nigel Farage had ‘absolutely no idea’ what would happen. It has been almost eight months since the vote on the UK’s status in the European Union, at which the country were in favour of leaving by 52% to 48% - but why did 48% of the voting population vote to stay? I wish I owned this The most commonly touched on reason to leave is that of immigration, as many people were fearful that jobs would be stolen and the terror threat level would increase. The truth is: allowing a free movement of people allows for a richer and more diverse culture. People that come from the continent are very important to public services. Many people do not take away from the UK but simply add to it. For example, More than 60% of new migrants from western and southern   Europe , who account for 900,000 of the 2 million who work

How many countries make up the European Union (EU)? 28 Identify and explain three benefits of the EU for UK businesses. 1.      The business will increase in market size – as a result of freedom of movement of goods and services. UK businesses can sell to any of the other fourteen countries without facing extra costs or restrictions on the types of products they can sell. 2.      Greater access to cheap factors of production – raw materials, technology and labour. They can employ from any part of Europe. The NHS is an example of this as they get skilled doctors and nurses when they have had shortages. 3.      Lower administration costs to trade – do not have to pay extra money to send goods abroad, other than normal transport costs. Explain the significance of a free trade area and a customs union, such as that provided by the EU, for a business, based in the UK that buys its supplies from businesses outside Europe and sells its products within the EU.