Subtitles section Play video Print subtitles Britain and the European Union may be in for a messy divorce Britain's exit, or Brexit, from one of the world's most powerful trading blocs will happen if Brits vote to leave in a national referendum on June 23 Polls show the Brexit vote could go either way So here's how we got to the situation The camp that wants to leave the EU are the so-called Euroskeptics They kept the UK from adopting the Euro when it was launched in 1999 Nowadays, they're more worried about the surge of immigration The UK gets about 500 people added to its population every day Since EU citizens have the freedom to live in any country they choose leaving the bloc is the only sure way to stem the flow of people Arguing "stay in" is Prime Minister David Cameron He negotiated new terms to the UK's EU membership including some reassurances for London's financial industry and the right to restrict welfare payments to migrants He says a breakup would be an economic disaster Europe accounts for nearly half of the UK exports and he says a Brexit would create a decade of uncertainty for financial markets, investments, and the wider economy The debate is whiplashing markets and send the pound tumbling Now, here's the argument Those pushing for a Brexit say the EU has morphed from a free trade zone into a super state that's eating away Britain's national sovereignty The vote will likely come down to two issues The economic risks of an exit versus concern about a flow of immigrants that can't be stopped Whichever way the vote goes Britain's long love-hate relationship with the EU will rumble on
B1 UK brexit eu britain exit debate financial The Brexit Debate Explained in 2 Minutes 383 21 Kristi Yang posted on 2016/06/28 More Share Save Report Video vocabulary