Should The UK Leave Or Remain In The EU?

Introduction

As we know on Thursday 23 June 2016 UK held a referendum to decide whether the UK should leave or remain in the European Union. The EU is a political and economic partnership between 28 countries that started after World War. This with the theory that countries that trade together are more likely to avoid going to war with each other. In Britain 30 million people or 71.8% of the population turned out to vote. The leave vote won by 51.9% to 48.1% which has been labelled Brexit. The result was a shock to the EU with many British citizens saying that Britain was been held back by the EU. People in Britain felt that there were too many rules restricting UK businesses and that Britain is one of ten-member states who pay more in to
Promoting tourism also brings wider benefits to Dublin by boosting its ability to entice high levels of foreign direct investment. The recession saw Dublin City suffering a sharp decline in tourist numbers with 2012 numbers down by 18 per cent from the peak in 2007. This meant a fall in revenue for Dublin City Council which is unsustainable as charges for services constitute 20 per cent of Dublin City Councils revenue annually. Dublin City Council has been striving to promote the city and since 2014 the tourist figures have begun to show signs of recovery. There is no doubt that Brexit will undo some of this good work with tourists from the UK already down by 7 per cent. Not only are the figures down by 7 per cent but with 20 per cent less money spent by UK tourists this reflects in revenue taken in by Dublin City Council. Revenue generated from many services that Dublin City council provide like parking, road tolls and the bike scheme. However good schemes like the Dublin Bike scheme that was launched in 2006, with bikes being widely used by visitors as a way of seeing the city has gradually expanded and now consists of 101 bike stations, 1,500 bikes and 70,141 registered bike users. Investing and promoting good schemes like this helps to combat the negative
This will have a significant effect on the economy as the UK is one of Irelands most important trading partners with which we conduct over 1billion euro trade each week (DFA 2016). If this turns out to be the case, then this will be one of the most severe repercussions of Brexit. Despite the economic severity effects of Brexit, Ireland remains unprepared, with businesses adopting a wait and see approach. Brexit could also provide a positive boost for Ireland due to a mass relocation of Foreign Direct Investment projects from the UK. This could increase the opportunities for private public partnerships for Dublin City