...administrative affairs) and his struggles to bring about changes in the government. His attempts are prevented by his Permanent Secretary Sir Humphrey Appleby. 2. Kaj so povedal notr glede Brexita in EU + The devil you know Even though Yes, minister is 30 years old the political issues mentioned seem timeless. There are two episodes that in my opinion describe what British people think about the EU. I’m going to show you this clip from the episode The writing on the wall: https://www.youtube.com/watch?v=37iHSwA1SwE In this clip that went viral around the time Brexit happened, Sir Humphrey Appleby explains to Jim Hacker that the reason the UK joined the EU (or what was at that time European Economic Community) was to destroy it from inside. The clip further explains that Britain was eager to bring more countries to join the EU but only to make them quarrel between themselves/to encourage disagreements between them and by that make the EU become weaker. It shows what could have been the reason the UK actually joined the EU in the first place and how British people actually view the EU....
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...The case for a possible Brexit and its impact on the UK economy is one that has been widely discussed over the years, given the significant economic effects it imposes on both parties involved. The UK taking up its membership into the EU in 1973 following its establishment in 1967 enabled vast benefits of free trade to be shared amongst members of this trading bloc. However, over a quarterly time series from 1999 to 2014 the UK has been noted to have run a relatively large balance of trade deficit in terms of its trade in goods with the EU (see figure 2), and as such lays emphasis on the UK’s lack of competitiveness, specifically in its manufacturing industry. The importance of the EU has increasingly become more significant in terms of the UK’s total economic activity, generated through trade transactions. Figure 1: ONS As seen in figure 1, there has been a downward trend in the transaction with the EU expressed as a percentage of UK GDP, falling by 231.25% from Q1 of 1991 to Q4 of 2014. In relations to the total trade in goods with the EU, there has generally been a deficit, which increased by 874.9% from 1999 to 2014. From figure 2 it can be observed that the largest deficit of -£21500m occurred in Q4 of 2014 and the lowest in Q4 of 1999. Figure 2: ONS The persistent balance of trade deficit seemed to be a result of imports from the EU to the UK exceeding exports. This could be the case as the percentage increase in exports from transactions...
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...Brexit has evoked a spate of comments. These comments fall into broadly two categories. The first set of comments focusses on the short-term and medium-term impact of Brexit on the U.K., Europe and the rest of the world including India. The second goes into the reasons behind this decision of the British. Is there a clear message or is it a confused signal? It is to this aspect this article is devoted. Impact of globalisation Several analysts have described this decision as a blow to globalisation. Is this really so? Or is it a superficial view? Globalisation has been interpreted in many ways. In broad terms, globalisation denotes the free movement of goods, services, capital, funds, ideas, technology and people across countries. Many people think globalisation is a recent phenomenon. This is not true. This has been going on for centuries. What has made it unique in recent times is the speed of the movement. Great Britain and many other countries in Europe have reached the present level of economic development only because of this free movement. In both demographic and geographic terms, Britain is a small country. It is not the size of the domestic market that determined its growth. London could not have emerged as the financial centre of the world but for the free flow of capital. The gamut of financial services offered by London is geared to meet world demand and not that of Britain alone. Even after the exit from the EU, Britain cannot remain as an isolated island...
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... Although following government policies may sound as easy as checking boxes, foreign government policies tend to change, either favorable for international business or not. For example, countries that have democracy as their political system change government administrations and possibly the policies, every once in a while. Government policies and regulations usually are not just two sides of a coin. There can be many possible government policies that can be implemented that can also lead to many possible countermeasures for an international business. This makes the risk so high on the list, according to Deresky (2014). A clear example is the recent exit of Britain from the European Union (EU), or more famously known as the Brexit. Most businesses did not expect the sudden leaving of Britain from the EU. As an effect...
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...other needs. Donald Trump wants to start a jobs program for inner city kids. It would replace one now in place that is for foreign youth. His overall idea is to fix what we have, protect the country by keeping possibly dangerous people out and give American workers jobs. The United States is not the only country that is debating over immigration. The UK recently just made a very large decision regarding it. The United Kingdom had the Brexit vote this past June. Brexit is a mix of the words “Britain” and “exit”. (5)The Brexit vote was to decide whether or not the UK would leave the European Union. This vote ended with majority voting to leave the EU. This is astonishing, as Britain will be the first country to purposely leave the European Union in its fifty-eight years. Brexit came about because of the Schengen visa agreement. (6)The Schengen visa agreement says that if one has been allowed into one of the twenty-eight EU countries, they are allowed to go to any other EU country. Britons were upset about that agreement because of substandard EU regulations, poor recovery after the Recession of 2008 and immigrant access to Britain's few resources. The EU’s regulations cost the UK’s economy “£600 million a week”, according to, Parliament member, Michael Gove. Losing money at that rate was detrimental after the Recession of 2008, in which the UK still has not fully recovered from. Due to the Schengen visa agreement, immigrants can use resources up and then move to another country...
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...Brexit: Britain’s EU Question Britain’s Conservative Party won last month’s general elections with a thumping majority, upending concerns that a Labour Party win could derail fragile UK economic recovery but making the London business community fearful of Conservatives’ plan to call a referendum on Britain’s European Union membership. For some time now, citizens of the UK and the wider Europe have argued for putting curbs on migration and a rollback of European institutions’ mandate of ever-stricter oversight of national policy issues as European peripheral countries found themselves defenseless in the wake of the sovereign debt crisis. In a 2013 poll carried out by Pew Research Center, a majority of 8000 respondents gave a decisive thumbs down to further integration of the EU, that led the think-tank researchers to report a ‘full blown crisis of confidence’ in the European project. Capitalizing on this anger of the British towards the supranational organisation, Prime Minister David Cameron had promised that if the Conservatives formed the government in 2015, his party will call a Yes/No vote on EU membership. Not that Mr. Cameron wants a Brexit. At most, the Prime Minister is using the referendum as a ploy to push through his package of reforms, which call for curbs on migrant worker welfare rights and a treaty change. There is also the question of how much influence the UK can wield in eurozone decision making since it is not a part of the single currency. Support...
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...Question 1: * Brexit meaning ? Cách 1: Brexit stands for an act of leaving by Britain from the European Union (short for "British exit") Cách 2: Brexit means the withdrawal of the United Kingdom from the European Union, short for “British exit” * British should stay in The EU Union. Here are some main reasons: 1. Jobs Around 3.5 million British jobs are directly linked to British membership of the European Union’s single market – 1 in 10 British jobs. 2. Exports & investment The EU buys over 50 percent of UK exports (54 per cent of goods, 40 per cent of services). Over 300,000 British companies and 74 per cent of British exporters operate in other EU markets. American and Asian EU firms build factories in Britain because it is in the single market. 3. Trade The EU negotiates trade agreements with the rest of the world. Outside the EU Britain would have to renegotiate trade deals alone. While the EU is the world’s largest market, a UK outside the EU would not be a high priority for other counties to negotiate a trade deal. 4. Freedom to work and study abroad – and easy travel 1.4 million British people live abroad in the EU. More than 14,500 UK students took part in the European Union’s Erasmus student exchange scheme in 2012-13. Driving licences issued in the UK are valid throughout the EU. 5. Fighting crime The European Arrest Warrant replaced long extradition procedures and enables the UK to extradite criminals wanted in other EU countries, and bring...
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...Union. Their biggest industries for exporting are machinery including computers for $60.3 billion making up 14.7% of total exports, vehicles at $51.7 billon (12.6%), pharmaceuticals at $32.6 billion (8%), gems and precious metals at $27.5 billion (6.7%), and electrical machinery at $27.1 billion (6.6%). Trade is very important, and 46%of their exports go throughout the EU. The European Union’s share of the world economy has been declining too as developing countries are starting to earn more of a share. The regulations placed on trade in the future on trade depends if and how the UK reaches an agreement with the EU after its withdrawal. As over eighty percent of their economy draws from providing services, trade in services is an area of utmost importance . These characteristics of the British economy play a role in the optimistic life satisfaction ratings. The average rating for life satisfaction across the UK was 7.6/10, which is a one percent increase from the previous year. This statistic is considered to be a fragile one looking towards the future due to the fear of growing inequality in wellbeing in Britain, which is largely due to the drastic and rapid changes in cultural diversity due to migration. A world class education system is in place in the UK, and according to the education index they are amongst the most highly educated countries in the world. The education index is found by calculating the mean years of study and the expected years, and the value for the UK...
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...David Cameron chose a similar approach in his ‘Future of Europe’ speech. Firstly, he praised the United Kingdom: “We have the character of an island nation - independent, forthright, passionate in defence of our sovereignty.”. Moreover, Cameron portrayed the UK in a very metaphorical way: “And in Europe’s darkest hour, we helped keep the flame of liberty alight.” Here, Cameron highlights the special position Britain has in the European Union. Similarly to Johnson’s speech, his speeches had strong patriotic traits to show that his priority is ensuring benefits for the UK but he also wanted to stress how important the United Kingdom is for the...
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...an exit from the EU benefit the British economy? Advocates of the UK leaving the EU claim that there would be little trouble negotiating a free trade agreement with the EU once it left, because the UK has a large trade deficit with the rest of the Union. If trade barriers between Britain and the remaining member-states were erected upon exit, the EU would lose more exports earnings from Britain than vice versa. At the same time, the UK would be freed from the burdens of EU regulation and hence able to boost trade with faster growing parts of the world, nations such as China, US and emerging markets that include India that are not part of Europe. This could be done by eliminating tariffs and signing trade agreements without the constraints of EU membership. Undermining this assertion is the belief that the UK is a big enough economy to be an effective trade negotiator in its own right. As a result it might be concluded that the UK would see little impact from leaving the EU except perhaps a minor reduction in trade while new arrangements were made. However, it would be ill judged to assume that the UK would be able to dictate terms with the EU simply because it is running a trade deficit. Primarily, the EU buys half of Britain's exports whereas the UK accounts for little over 10 per cent of exports from the rest of the EU, so the UK would be in a weak position to negotiate access on its terms. Furthermore, it could be argued that the UK's access to many non-EU markets comes as...
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...In recent years there has been much debate within Parliament over the possible codification of the British Constitution and it is always a topic that people often find very hard to agree on. Though some parts of what may be a codified constitution have been introduced, such as The Human Rights Act which established a codified set of rules and the introduction of devolution, Britain is currently uncodified and so this brings up the arguments of whether update the system or not The initial argument for the change is it was remove the transparency of rules and laws, the key constitutional are collected into a single document all clearly stated with great difficulty of alteration. This portrays exactly what the beliefs of Parliament are and restricts law breaking. Not only does this deter people from committing offences but also makes it simple to enforce as every charge wish be on the same wavelength. An argument to contradict this however would be that's not every crime committed is the same so the variation in the punishment given would also have to vary and with the defining of the law there is actually potential for it to become less democratic. Along with this as times are forever changing and technology is being updated, the demand for laws to be amended is crucial as without it people could technically exploit the system ‘legally’. Another bonus of a codified Constitution is the fact that it is authoritative meaning it is a higher-level and so it lines all political...
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...decision to leave the European Union. In a referendum with a turnout of 72 percent, the majority of voters decided that their nation would leave the EU. What is shocking about this result is that many younger voters strongly favoured remaining in the EU, but many of them did not show up to cast their vote. The ones who did show up to vote were mainly the older generation of citizens. Many of these people feared the potential threat of allowing refugees into the union in lieu of recent terrorist attacks in Europe. They were misinformed about the economic and political disadvantages of their decision. Because many young voters who supported remaining in the EU became apathetic and did not show up to vote, many older voters made an uninformed decision that will have an impact on Britain for generations to come. After the declaration of the result, the pound fell to its lowest level since 1985. The uncertainty created by the Brexit vote will continue to hurt Britain economically, since trade agreements will take time to work out and negotiations of the leave will be contentious. Another effect of Brexit is the resignation of the Prime Minister, David Cameron. This meant that on top of the chaos created economically, Britain needed a new Prime Minister months before the expected leadership election. Since the decision to leave the EU was uninformed about the consequences, the negative impacts on Britain’s economy and politics will continue to affect the public welfare for years to...
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...remain in the EU? In the aftermath of the Second World War, Winston Churchill called for the creation of a "United States of Europe" to bind France and Germany together. In doing so, he made clear that Britain would be a supportive but independent partner of any such entity. He famously said: 'We are with Europe but not of it." In the end, Britain did join the European Economic Community but only in 1973, 15 years after the Treaty of Rome was signed. We joined the Social Chapter in 1997, eight years after it was adopted by other member states. And we never signed up to Economic and Monetary Union or the Schengen Agreement on common borders. However, it is not until now that the British public have been presented with the opportunity to have their say on the matter of our continued membership. Following the 2015 general election, the re-elected Prime Minister David Cameron reiterated a Conservative Party manifesto commitment to hold an 'in-out' referendum on Britain's membership of the European Union by the end of 2017 following renegotiations with EU leaders. This means that between now and the vote the public have to decide whether Europe benefits the country regarding immigration, trade, investment and the protection of Human Rights and peace. Firstly, with regards to the economic repercussions of leaving the EU, many supporters of the so called “Brexit” claim that Britain would have very little difficulty in negotiating some form of free trade agreement with the EU once it left...
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...In the western world, the nature of free will deeply branded in the people’s heart. People vote for everything and what’s the biggest success made by people’s free will recently is Brexit. Among all the topics that people discussed for years, the legal drinking age may be the most popular topic. After helping the Britain exiting from the EU, people now start to devote themselves to lower the legal drinking age from 21 years old to 18years old. Some people consider staying the limit as 21 is hidebound, but I believe it’s not and the legal drinking age should be 21. Before stating viewpoints that defend why legal drinking age should be stay 21, historical perspective on this issue is indispensable. The first question is why the legal drinking age is 21. The reason the government set the age limit to 21 is because the concept that a person becomes a full adult at age 21 dates back centuries in English common law; 21 was the age at which a person could vote and become a knight. Since a...
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...A N N U A L REPORT 2015 Financial Highlights As of or for the year ended December 31, (in millions, except per share, ratio data and headcount) Reported basis1 Total net revenue Total noninterest expense Pre-provision profit Provision for credit losses Net income Per common share data Net income per share: Basic Diluted Cash dividends declared Book value Tangible book value2 2015 $ $ $ Selected ratios Return on common equity Return on tangible common equity2 Common equity Tier 1 (“CET1”) capital ratio3 Tier 1 capital ratio3 Total capital ratio3 Selected balance sheet data (period-end) Loans Total assets Deposits Total stockholders’ equity Headcount 93,543 59,014 34,529 3,827 24,442 6.05 6.00 1.72 60.46 48.13 2014 $ $ $ 95,112 61,274 33,838 3,139 21,745 5.33 5.29 1.58 56.98 44.60 11% 13 11.6 13.3 14.7 $ 837,299 2,351,698 1,279,715 247,573 234,598 10% 13 10.2 11.4 12.7 $ 757,336 2,572,274 1,363,427 231,727 241,359 Note: 2014 has been revised to reflect the adoption of new accounting guidance related to debt issuance costs and investments in affordable housing projects. For additional information, see Accounting and Reporting Developments and Note 1 on pages 170 and 183, respectively. 1 Results are presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP), except where otherwise noted. 2 Non-GAAP financial measure. For further discussion, see “Explanation and Reconciliation of the Firm’s Use Of Non-GAAP ...
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