Brexit has weighty ramifactions for Europe, EU

Jamie Pellikaan, Co-Editor

Last June, the United Kingdom voted by a thin margin to leave the European Union (EU) and abolish ties with that economic union.

Voting yes on the in/out referendum commonly known as Brexit could have unforeseen political and economic consequences for the United Kingdom.

Theresa May, the current Prime Minister, enacted Article 50, which officially begins the two-year process of leaving the EU, and there has been backlash not only from members of Parliament, but Scotland as well.

May recently announced that elections for Parliament will be held on June 8  of this year instead of five years from now. The reason behind the early election is so May can seek a stronger “mandate” from the voters and gain more support in Parliament which will help her standings for the negotiations regarding leaving the EU.

However, May’s actions have angered many Scots who overwhelmingly voted for staying in the EU and have once again called into question Scottish independence.

In response to the early vote, the leader of the Scottish National Party (SNP), Nicola Sturgeon, announced she will be introducing a vote to the Scottish Parliament for a second independence referendum.

Scotland voted no on the first independence vote by 55-43, but because the United Kingdom is leaving the EU, many Scots may vote yes if another independence vote is held.

If Scotland voted for its independence, the EU could accept them as a member and grant them access to the free trade single market it offers.

May could be placed in a very precarious situation if that occurs as leaving the EU would not only cut ties with the European market, but the loss of Scotland.

Furthermore, the Brexit vote could prove to be ultimately catastrophic for the British market.

One of the main focal points of the pro-Brexit camp was to rid British companies of the regulations they were subjected to under EU laws.

Is the compliance with a few regulations really worth leaving a free trade market?

Because, if Great Britain leaves the EU, British companies will still have to abide by those same regulations to do business with countries in the EU.

Supporters of Brexit will argue that in an age of economic uncertainty and during a refugee crisis, national sovereignty is exactly what Great Britain needs.

But, the EU was created in 1993 so Europe could become an economic powerhouse, something that is essential for Europe in the coming years.

Though flawed, the EU plays a vital role in the world of European economics, and when Britain leaves, the results could be devastating.

Great Britain could experience the loss of a country and the loss of economic ties.

May and the Conservative party have said they are willing to bear the economic costs of significantly dissociating themselves from the EU.

All in all, Brexit could prove ultimately harmful to Great Britain.