Eurasia And Eme Subcommittee on Europe

Brexit Eurasia And Eme Subcommittee on Europe

The Brexit vote represents a self-determination of the British people. It reflects an inherent desire of people to control their own destiny rather than be under the domination of another country or another group of countries. Around the world, populations are increasingly seeking to exercise their right of self-determination. When done peacefully through the ballot box, such as what happened in the United Kingdom and, [and] Scotland, the world would [is] a much better place. After 40 years of membership in the EU and its predecessor organizations, the British people voted last year [2016] by a clear margin to end that membership. On March 29, 2019, Great Britain will leave the European Union, and for the first time in nearly half a century it will be free to negotiate its own free trade deals and fully shape its own path. Brexit offers the British people an opportunity to forge a new future as a truly global, outward-looking, innovative and prosperous world power, a standard bearer of economic freedom and liberty. Despite the dire warnings presented by opponents of Brexit in what was dubbed "Project Fear," Britain has thrived since the Brexit referendum, with growing inward investment into the UK, falling unemployment, and a soaring stock market. There has been no exodus of foreign banks or a flight of international talent as critics of Brexit had warned. In the Brexit era, the City of London looks to maintain its dominance of European and global financial markets and Britain will continue to attract some of the best talent in the world.