Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Britons need a second chance to vote on Brexit

Divorces are always messy, but none have so much at stake as the separation of Britain from the European Union (EU).

Post News Network
Updated: November 20th, 2018, 12:53 IST
in Business
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Almost two-and-a-half years after 52 percent of Britons who voted in favour of a Brexit, Prime Minister Theresa May has managed to draft a deal that aims to withdraw the country from the EU before the cut-off date of March 29, 2019. Even though the deal has been begrudgingly passed by May’s cabinet, there are virtually no supporters for it on either side of the Brexit debate.

Britain has four ways to go about Brexit: A hard Brexit; a softer Brexit; a sketchy middle ground where May has ended up with the current deal; or simply, no deal, where Britain drops out of the EU after the cut-off date and ends up reverting to standard international trading rules. The last case is simply catastrophic where tariff and border checks would immediately be put in place and movement of people would become restricted.

Also Read

Turkey apple

Major blow to Turkey: Ghaziabad traders boycott Turkish goods over pro-Pakistan stand

1 day ago
Pakistan

IMF disburses $1.023 billion to Pakistan, plans virtual budget talks

1 day ago

A hard Brexit would also imply the UK making a definitive split from the EU, ending its membership in the single market, customs unions and the court of justice. This would give UK more freedom to set its own rules and regulations. A softer Brexit would imply lesser change from the status quo. A really soft Brexit could even involve the possibility of UK staying on in the single market or customs union.

The major complication in coming to an agreement arises from the case of Northern Ireland. The region, which is a part of the UK, could spiral into sectarian violence if it is separated from Ireland through physical barriers or checkpoints or, in other words, a hard border, as it would limit the flow of people and goods between the two regions.

 

 

The Ireland-Northern Ireland border has been open since 1998 after the Good Friday Agreement was ratified to bring peace to the region after decades of violence. However, a clean Brexit would require imposition of hard borders between the UK and the EU, which implies a hard border between Northern Ireland and Ireland as the latter is a part of EU. Such a scenario would eventually end in rising tensions, which everyone wants to avoid at all costs.

So, the Brexit dilemma lies in coming to an agreement that retains the integrity of the UK and the Good Friday Agreement. May’s deal tries to circumvent this by letting the UK stay within the EU’s customs area, which would imply staying in the EU single market and avoiding hard borders, while allowing UK to make independent trade deals with other countries. As such a deal would not include the imposition of any hard borders, the free flow of goods and people between Ireland and Northern Ireland would remain unchanged.

However, it is obvious why such a deal has appeased no one. The pro-Brexit camp feels that the terms of the draft deal violate the very meaning of Brexit, which was to let UK regain control of its own policies. May’s plan forfeits the influential role that the UK played in the EU while making it a mere rule-taker of the union. The ability to negotiate its own trade deals would recover only a fraction of the cost of Brexit by the government’s own calculations.

Meanwhile, for the Remain camp, the deal is far worse than the status quo for almost similar reasons. The two factions have unanimously united over their dislike for the draft deal.

Such reactions should have been expected. It was evident that no one would have been satisfied with the final outcome of such a divisive issue. The very fact that no party is satisfied makes it the least unreasonable compromise. But at this stage, there is a strong case for a referendum on the exit deal. The Brexit votes were won by a very narrow margin at a time when the terms and the cost of the move were not known to the voters. There was a clear democratic deficit, which needs to be filled.

The idea of Brexit that was sold to the masses at the time was that the country would somehow manage to seize control of its policies and achieve higher prosperity in the process without incurring any significant economic costs for itself. The deal that has been chalked out in these two-plus years is nothing close to these promises of the “Leave” campaign. It is highly likely that the deal will not pass through the British Parliament itself but now that the extent of economic pain and long-term repercussions of Brexit are becoming clearer, it is vital to get a sense of the public opinion about the matter before the only option of a no-deal remains.

The latter outcome would be catastrophic for the both the British and the world economy; a prospect that is completely avoidable.

IANS

Tags: BritainEuropean Union
Share4TweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar Ghibela

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019

Archives

Editorial

Sound & Fury

China-US
May 14, 2025

The outcome of any war between two unequal forces could be predictable – maybe the stronger side wins and the...

Read more

Breaking Walls

Pope Leo XIV
May 13, 2025

I t is of great significance that Robert Francis Prevost, who has succeeded Pope Francis, repeated the word ‘peace’ ten...

Read more

Dangerous Liaisons

india pakistan
May 12, 2025

India and Pakistan have halted military actions for now, a day after Pakistan breached a ceasefire initially announced to the...

Read more

Doval Doctrine

Aakar Patel
May 11, 2025

India’s Defence Planning Committee was set up on 19 April 2018. It was chaired by national security advisor Ajit Doval...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST