In light of the discussions around British EU membership, discuss Essay - 1

In light of the discussions around British EU membership, discuss whether a British exit from the EU would be advantageous or disadvantageous from a business point of view - Essay Example Moreover, the crisis has even shifted the attention given to the British membership, as there are matters more important at hand. Decisively, the few people discussing the matter propose that by fully accepting the membership the results would be beneficial on a political and economic basis. In terms of business, the European Union is the core and most influential body in Europe with a budget of 129 billion euros every year (Miliband 2014). Nonetheless, the member states like Britain contribute to the factor of business power making the European Union more significant than any other country. The exit of Britain from the European Union would be a disadvantage as the state is among the few nations that have a great financial impact on its function; for instance, Britain makes a contribution of up to 55 million euros a day making it twenty billion euros every year (EU Business 2014 &O’Leary 2014). Furthermore, Britain is a lead investor- it is the hub of major business investments and there are others conducted across borders; largely, British membership also holds the fate of the United Kingdom on matters regulations applied in the single market. Definitely, the EU directly benefits from the single market that Britain is a part of; however, there are other benefits resulting from the states membership (Western Morning News 2014). For instance, employed citizens of the European Union get the opportunity to train a variety of new recruits with British taking full advantage of this by providing employment opportunities to many citizens. Moreover, the trainees and recruits tackle the shortage of skills in the United Kingdom as a potential and determined workforce (Mansfield 2014). From a different point of view, the exit of membership would also be as shortcoming for Britain, as well as the European Union that holds the biggest part