Since the beginning of the economic crisis in 2008, UK citizens have grown discontented with the fact that their beloved country is a member of the Eurozone. Fast forward into the present and the discontent has reached hard to ignore proportions. As a result UK politicians have decided to ask the people for their opinion on the matter but this task will not be an easy one as it will face many hurdles until it will pass all the required bureaucracy.
The first step
James Wharton was the one who created the bill according to which by 2017 the British people will have to make their voices heard. The referendum bill already passed the first stage, known as the Commons stage with generous support from many members of parliament. However the hard part is yet to come as it will also have to pass through Parliament. Some voices claim that the referendum bill will face strong opposition in Parliament and that its future is uncertain. One thing that is certain though is that UK has grown rather fond of the referendums as they have had them for voting on the electoral system and the devolution for Scotland. This is a clear sign that UK trusts its citizens and is evidence that UK is a very democratic country.
But why does the UK want to leave the Eurozone?
Leaving the Eurozone brings as many advantages as disadvantages; the problem is deciding which is more relevant for UK’s future. Among the reasons citizens of the UK want to leave the Eurozone we find that the most important reasons are related to spending and to get a grip on the country’s borders. More precisely, stop funding the EU budget and instead spend those vast amounts of money directly in the country and to limit immigrants from flooding into the UK. But there is also another reason which is often overlooked and which I consider to be the most important: regaining the national currency. If you would look closely at the EU member states which were affected be the financial crisis and analyse their recovery process you will realizes that the speediest recoveries belong to the countries with their own national currencies. Needless to say what series of advantages having your own currency has.
The people will have their say
It is hard to say for sure if the British citizens will take all the advantages and disadvantages into account when they will cast their vote but then again this is how referendums work. We can only hope that Parliament will state all the reasons why to stay in the EU and why not to remain in the EU and let the people decide for themselves what is best for them.