The economy of england

     However, in 1974, the new Government, headed by lejboristom Harold Wilson decided to give a voice to the people and in 1975, held a referendum, where it was discussed whether to continue to be in the EEC. 67.2% of voters cast their vote for unification with Europe.

     Other countries later joined the EEC (later European Union): Greece in 1981, Portugal and Spain in 1986, the former EAST GERMANY as part of a United Germany in 1990. Greenland, a dependent territory of Denmark, which joined the EU under the authority of the latter withdrew from the European Union in the year 1985. Austria, Finland and Sweden became EU members in 1995. The EEC was originally conceived as an organization whose goal was to develop the economies of Europe and the unification strategies such as the common agricultural policy, as well as financial assistance to the territories with weak economies within the borders of the EU. Poorer regions of Great Britain has benefited from regional subsidies. In 1986, members of the EU countries formed the European single market, and since 2001, will enter the single currency-the euro. However, the United Kingdom has deferred a decision about joining a single currency system until new parliamentary elections. The United Kingdom's involvement in the European Union helped to narrow the results of the decline of the British economy after the separation of the colonies. Now the United Kingdom sees the present and the future of its economy is on the European market.