Brexit: With three days to go until Britain holds a referendum on its European Union membership on 23rd June, voters have the chance to reflect on key arguments made by both sides about immigration, the cost of belonging to the EU, and security.
One issue those for and against a British exit from the bloc agree on is that it could affect the UK’s ability to help reduce poverty in poor nations.
Britain pays 9 percent of its annual foreign aid budget of 12 billion pounds ($17 billion) into the EU purse, official data shows.
Those in the “Remain” camp say EU membership allows Britain to push for higher standards in international development, while opponents say leaving the 28-nation bloc would give Britain greater autonomy over its aid spending.
Check out the updates about the ‘Brexit’ below:
* Hong Kong shares jump on hopes Britain will vote to stay in EU
* BetVictor tweeted: “Interestingly, 68% of our #Brexit bets are for Leave & 32% for Stay, yet the odds are 5/2 & 2/7 respectively.”
* Another polls shows 73 per cent people favouring remain while 27 per cent going for Brexit.
* Indian stocks, rupee recover from morning blues as Brexit fears ease
* Sterling rallies as Brexit worries ebb, yen weakens
* Yet more vituperative attacks on another woman who changed her mind & leaves #Brexit, tweeted Barry Sheerman, Labour MP.
* Really though fellow Leave we’re better off following the big story of David Cameron’s #bbcqt car crash last night 🙂 #Brexit, said Louis Mensch.
* Nikkei posts biggest daily gain in 2 months as Brexit fears abate.
* The U.K. car industry is clear – we should Remain in the EU for a strong economy, tweeted David Cameron quoting a report of BBC.
* Liquidity in Europe at record levels ahead of Brexit vote, says reports.
* Britain isn’t a quitter, said David Cameron in a tweet.
* After a TV show Q&A, British PM David Cameron tweeted, “Thanks to Question Time audience. Vote Remain for a stronger economy & because Britain doesn’t quit. Voting Leave means there’s no way back.
* Bloomberg Brexit watch indicator showed that there are 42 per cent chance of Britain leaving the European Union if polls were conducted today.
* Several polls showed that Brexit supporters and those against it were in neck-to-neck fight. While 45.9 per cent voted to remain in EU, 45.6 per cent voted for Brexit, while 8.6 per cent people were undecided till June 18.
* Oil prices extended gains in Asia today on the back of a weaker US dollar and easing fears of a UK exit from the European Union.
* Asian stocks gained as some fears that Britain would vote to leave the European Union abated on Monday, boosting a recovery in both sterling and investors’ taste for risk assets.
Safe-haven assets and currencies like gold, government bonds and the yen retreated.
* Australian and New Zealand shares rose on Monday as the latest poll showed Britons leaning in favour of staying in the European Union, which spurred a move out of safe-haven gold and back into banking and mining stocks.
Here are some of the arguments surrounding Britain’s role in tackling global poverty from both sides in the referendum, due to take place on June 23:
AMJAD BASHIR, CONSERVATIVE MEMBER OF THE EUROPEAN PARLIAMENT (MEP), YORKSHIRE AND HUMBER
“If we leave the EU, Britain will be in a far better position to deliver its own international aid programmes. The country will have a stronger economy, a more global outlook and will be better placed than the EU to respond quickly and flexibly to changing crises and challenges.”
ANDREW MITCHELL, CONSERVATIVE MEMBER OF PARLIAMENT, FORMER UK INTERNATIONAL DEVELOPMENT SECRETARY
“Britain is undoubtedly the lead country in the European Union when it comes to international development… Europe, as the richest trading zone in the world, acts as a magnet for poor people suffering from the evils of climate change, terror, conflict and poverty. Inevitably, to tackle those problems, you need more international cooperation and less narrow nationalism.”
(With agency inputs)