“June 23rd” UK to decide to stay in EU or to leave, Britons divided

LONDON, March 26 (KUNA) — June 23 is set to be a decisive day for Britons; it is the day of the referendum that will end a wide scale controversy in the country. They will have to choose remaining inside the European Union (EU) or to leave.
The controversy has been escalating, especially after several senior politicians from political parties joined a campaign calling to quitting the 28-member bloc.
Since joining the EU in 1973, Britain has been the only country that opted for not joining some of the agreements binding other fellow members, such as the euro and the Schengen Area.
Britons have always had fears of being fully merged in the continent. This has been obviously manifested in London objection to several European policies.
Last month, European leaders made concessions to Prime Minister David Cameron, in a serious bid to tempt Britain to stay in.
The deal struck with EU leaders will give the UK “special status,” Cameron said then, adding that he would campaign with his “heart and soul” to stay in the union.
The agreement, reached in Brussels February 19 after two days of talks in Brussels, gives the UK power to limit some EU migrants’ benefits. It also includes a treaty change so the UK is not bound to “ever closer union” with other EU member states, Cameron noted.
The supporter camp, led by Cameron and Foreign Secretary George Osborne, and a multitude of businessmen, argue that quitting the EU is likely to cause huge losses to the British economy, and may push the country into a dark tunnel.
By 2020, the overall cost to the British economy could be as much as 100 billion Sterling and about a million jobs, heads of leading businesses warned. In addition, household income in 2020 could be up to 3,700 Sterling lower than it would otherwise have been.
By the same token, heads of 36 FTSE 100 companies – and 162 other businesses – put their names to an anti-Brexit letter published by the media, including Royal Dutch Shell, Asda, Marks and Spencer and BT.
In addition, economists warned that by quitting the EU, Britain will lose 40 percent of its exports that are exempted from customs.
The government will then find itself forced to negotiate over many bilateral agreements the country signed with “once fellow members.” On the contrary, London Mayor Boris Johnson, from the ruling Conservative Party, said that leaving the EU will help the country save 4.5 billion Sterling.
Britain pays 13 billion Sterling to the EU budget, and the latter spending on the country 4.5 billion. So the UK’s ‘net contribution’ is estimated at about آ£8.5 billion.
They also argue that they are willing to quit the union for the rising migration to the country from East and South European countries. (end) kd.msa