Remain or Leave? Arguments for and against UK’s EU membership

An array of projections that are being made in run up to the June 23 UK referendum would soon turn into a reality. These future anticipatons are likely to pose some formidable challenges before the UK as well as for the European Union (EU) member states. However, both Brexit as well as Bremain have their respective sets of implications.

If UK votes to stay within the European Union, there are a number of possible scenarios. Britain can avoid exporter tariffs and red tape. It is important as 45 percent of British exports goes to the EU countries. As a member, Britain can obtain better trade terms because of the EU’s size. Also, the UK pays to the EU 340 pounds a year per household, compared with an estimated 3,000 pounds per household annual benefit of membership. In or out, payment is needed to access the single market.

Moreover, most EU regulation summarises 28 national standards into one European standard, thus reducing red tape and benefiting business. If the UK continues to stay within the union, it can fight for better regulations and immigration policies. At international summits, Britain is represented twice- one by its foreign sectary and second by the EU's high commissioner. Meanwhile, cooperation has also helped fight Ebola and piracy in Africa.

On the other hand, in case the Brexit takes place, there are a number of other possible scenarios. Britain would be able to negotiate a set of new diplomatic relations with the EU without being bound by the EU law and can secure trade deals with other important countries such as China, India and America.

Also, the UK would have no obligation to send 350 million pounds, that is equivalent to half of England's schools budget, to Brussels every week. This money could be spent on scientific research and new industries, helping revive domestic economy.

In addition, leaving EU will restore the control back to the nation over its issues including employment, law, health and safety, measures that a recent 'Business for Britain' poll found the businesses favoured.

Britain can change the “expensive and out-of control” system that offers an open door to the EU and blocks non-EU immigrants who could contribute to the UK. Furthermore, the UK has little influence within the EU, while, from outside it can retake seats on international institutions and be a stronger influence for free trade and co-operation.

Lastly, we foresee that leaving the union does not mean reduced immigration for the UK as countries that trade with the EU from outside have higher rates of immigration, including from EU countries, than Britain.