Monday , 20 November 2017
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Osborne Wants The UK To Leave The EU

Osborne Wants The UK To Leave The EU

George Osborne, British Finance Minister, has stated once again that it might be time for the United Kingdom to leave the European Union. His stance has been fueled by the reforms, which up until now have not come into fruition. Mr Osborne went on to say that simply caring about the Eurozone was no longer sufficient.

Chancellor of the Exchequer George Osborne

Chancellor of the Exchequer George Osborne

The Chancellor of the Exchequer George Osborne also said that due to the EU failing in its bid to improve its competitiveness, it will simply slip further and further behind stronger economies such as India and even China. He directed the statement at national governments and the officials in Brussels, making it very clear that failure to renegotiate and reform was by far the biggest economic risk staring Europe directly in its face.

Joining the Euro or leaving the single-currency region are choices that need to be avoided

Therefore to protect the United Kingdom from such a disaster, the only option would be to leave the EU.  The impression given by George Osborne is the interests and rights of European Union members who are not in the single-currency are not being respected, and for the most part neglected.

For the Eurozone to be successful and survive as one collective unit, integration is of the utmost importance. However, for this to happen legal protection must be given to all members even non-Euro members. It is only when these conditions are met that Britain can remain in the European Union and the single market can be preserved. The worst outcome in this situation would be if Britain had to choose between joining the Euro or leaving the EU. A scenario which should be avoided at all costs.

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