20 Jan 2023

84

Brexit: Latest news, opinion and analysis

Format: APA

Academic level: University

Paper type: Assignment

Words: 594

Pages: 2

Downloads: 0

According to Edgington (2020), Brexit defines the process and period when the UK left the European Union. In his argument, Edgington shows how the process was attained with a referendum, used to collect ascertain the public's opinion on the topic. Edgington (2020) also shows that, in June 2016, the UK held a referendum election, whereby over 17 million people voted in favor of exit, which represented 52% of the total population. 

Edgington's article also defines the EU's foundation, a political and economic union with 27 European nations. The EU allows free trade within its member states, implying free movement of goods and services across the member states (Edgington, 2020). People from the European nations can also live, work, and move across any nation in the union. 

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The UK joined the EU in 1973, and it is has become the first member to leave the union since its foundation. On 31st January 2020, the UK left the EU formally and was granted an eleven-month transition period (Edgington, 2020). The transition phase means that the UK follows EU guidelines; however, it cannot participate in the EU's political forums. 

While Edgington reports the Brexit occurrence, Amadeo's article analyzes the economic and political consequences of Brexit. The analysis focuses on the UK, EU, and the US, whereby the author projects inflation in the UK economy (Amadeo, 2020). Travel and communication costs are projected to increase across the UK and EU. 

Amadeo also establishes that the UK and EU aim at exploiting one another, with hefty tariffs on imports from each other (Amadeo, 2020). The UK must pay 33billion pounds divorce bill as a part of fulfilling the agreement's financial commitments. 

Brexit could also lead to small growth rates of the UK's economy. Amadeo (2020) reports that the UK did not conduct an effective evaluation of the Brexit consequences on the economy (Amadeo, 2020). Brexit's uncertainty slowed the UK economy's growth from 2.4% to 1.5% between 2015 and 2018. 

Edgington's paper shows high credibility when compared to Amadeo's article. Edgington's article is published on BBC, UK's leading news outlet across the world. The article shows a high level of credibility because of its sourcing. On the contrary, Amadeo's paper is published in "The Balance," a financial website based in South California, US (Amadeo, 2020). Hence, in terms of reporting credibility, Edgington's article shows high credibility because of the reliance on first–hand information from the UK's government. Contrarily, Amadeo's publication depends on primary reporting from the UK to make its comparison. 

The two articles show high levels of validity, with the accuracy of the two articles being based on the sources of the data they present. In Amadeo's evaluation of the consequences of the Brexit on UK, EU, and the US, the author refers to the UK's economic growth, which shows high accuracy in the reporting. Additionally, Amadeo is an economic analyst whose work was reviewed by Janet Berry, a CPA analyst at Forbes (Amadeo, 2020). In Edgington's article, the paper's validity is accounted for by using accurate reporting and timelines (Edgington, 2020). For instance, the paper shows how the Brexit plan delayed with political disputes within the UK. 

The timelines of the two articles also show great accuracy. For instance, the two articles show that the Brexit polls were held in June 2016, and the exit plan implemented in January 2020. The two articles were also written after the UK left the EU, which implies their timelines are within relevant timelines. 

Amadeo's paper on the consequences of Brexit shows biasness with the paper not supporting the UK's EU exit. For instance, throughout the article, Amadeo shows the negative impacts of Brexit on the UK and the US, while showing it as a possible winning situation for the EU nations (Amadeo, 2020). Edgington shows minimal bias because it does not evaluate the Brexit plan but rather reports its occurrence. 

In conclusion, Brexit is the period when the UK implemented its long-term plan of leaving the EU. In evaluating the two sources, Amadeo examines the economic consequences of the UK's plan on the EU, the US, and the UK. Edgington reports by giving facts about the Brexit plan. Amadeo shows biasness deviating from the UK's benefits from the Brexit plan. 

References 

Amadeo, K. (2020). Brexit Consequences for the U.K the EU, and the United States. The Balance. https://www.thebalance.com/brexit-consequences-4062999 

Edgington, T. (2020). Brexit: All you need to know about the UK leaving the EU. BBC. https://www.bbc.com/news/uk-politics-32810887 

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StudyBounty. (2023, September 16). Brexit: Latest news, opinion and analysis.
https://studybounty.com/2-brexit-latest-news-opinion-and-analysis-assignment

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