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Briferendum Series: Key arguments from 'Remain' and 'Exit' camps

Just two days to the referendum, both camps are tied both in polls and in their war of words and the outcome is as certain as the flip of a coin. In their fight to win the day, both camps have given out supporting arguments to their cause. Let’s review the sayings of the each camp on the following issues -

Trade:

  • According to the stay campaigners, Brexit will hurt the UK as the country will face tougher trade rules in the European Union that accounts for 44 percent of the exports.
  • The leave campaigners say that Britain’s links with the EU holding back the country from focusing on emerging markets (EM) like China and India. After Brexit, the UK will diversify its global trade linkages.

Law:

  • Brexit camp says many British laws are determined overseas in Brussels and it’s time to reclaim sovereignty.
  • Remain camp suggests that 'many' word is an exaggeration one and it is better to reform the laws by staying inside the EU than going out.

Jobs:

  • Stay campaigners suggest three million jobs are linked to the European Union and more could be in jeopardy as business investment dries.
  • Exit camps say such figures are exaggerations and Britain free from EU will be able to choose its own law and incentivize businesses to stay and invest.

Financial Capital:

  • According to the in campaigners, Brexit will destroy London’s status as financial capital and banks will flee.
  • Exiteers say those claims are nonsense as banks will stay on with headquartered in London due to low tax rates.

Defense:

  • Brexit campaigners suggest that soon Britain will be called on to contribute towards European army, which will undermine UK’s independent military force.
  • Stay camps feel in current turbulent times, it is best to stand together with Europe. Britain’s global prominence will lessen with leaving the European Union.

Immigration:

  • According to the Leave campaign, Britain can never control immigration by staying in the Union because of freedom of movement laws in Europe.
  • In camp argues that going out will not solve the refugee crisis but Britain will have to incur more cost to control it. France, which has restricted refugees in Calais from gaining access into Britain will give up control after the exit and UK will have to manage its border in Dover.

Sovereignty:  

  • Exiteers say that British parliament is not sovereign anymore, with rules and laws being finalized in Brussels and EU is on a course of “ever closer Union”.
  • Stay camp says, Britain already opted out of the “ever closer Union” but still in today’s globalized world every country has to work with others to flourish economically, so an exit will not help.

With both camps pushing their arguments, it won’t be until the referendum that we will know which side was more effective in convincing voters.

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