Social Sciences
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Item Brexit and United Kingdom’s Future.(1st International Studies Students’ Research Symposium-2017 (ISSRS 2017) ,Department of International Studies, Faculty of Social Sciences, University of Kelaniya, Sri Lanka., 2017) Fernando, U.G.G.European Union plays an important role in multilateral organizations in the world. UK has taken a decision to leave EU. This is named as Brexit referendum in 2016. United Kingdom leaves EU for several reasons. This research is meant to find the reasons why UK left the EU and to understand its future prospects. The research has been conducted in a qualitative approach by analyzing secondary data found through academic journals, books, research papers and statistics. The analysis of these data shows several realities concerning this issue. Once a year more than 300000 immigrates are coming to UK because of which UK decreased their job opportunities. Also as a member of the EU, UK pays 350£ million every week. The counter campaign believed that it will be more useful to use the money for the sustainability in National Health Service. While UK staying as a member in EU, it should consider about immigration problems, unless immigration percentage will be more in near future. The former Prime Minister was not able to successfully promote the reasons why UK should continue to be with EU which made his policy decisions quite unreliable. In addition the Golden Brown and Sadiq Khan issue spread the situation to a conflict level. Alen Jonson and Jeramy Corbin were not supported by others. Cameron favouring Bremain campaign by Boris Jonson also tarnished his image. The senior citizens population in UK is high with nationalistic opinions and imperialist thoughts. Due to these reasons the UK should stand as a sovereign state and be independent in political and economic aspects. Considering about the Brexit, there are positive impacts like sovereignty, freedom to go outside the common Agricultural Policy and the booming of the fishing industry. There will also be no more contribution to the EU budget. However there are also negative impacts like a hard hit economy after withdrawing from the EU and safety issues.Item History and Evolution of England Banking System(Economics Student Society, Department of Economics, University of Kelaniya, Sri Lanka, 2016) Rathnayake, R.M.D.H.Banking in the United Kingdom can be considered to have started in the Kingdom of England in the 17th century. The first activity in what later came to be known as banking was by goldsmiths who, after the dissolution of English monasteries by Henry VIII, began to accumulate significant stocks of gold. The Bank of England has a longstanding interest in the structure of the financial system. System structure can affect financial stability through influencing the cost and availability of the financial services on which households and businesses depend. The country's banking sector consists of more than 340 commercial banks, with the Bank of England, which is the economy's central bank, at the apex. Since the 1970s, the U.K government has implemented a number of banking sector reforms - in order to safeguard and improve the banking sector. By any standard, the U.K. currently has one of the most developed banking systems in world. The country has enjoyed a substantial bank-based financial sector development over the years, and its institutional framework has also grown stronger. However, like any other financial system, the U.K. banking system still faces wide-ranging challenges, such as less than adequate disclosure standards, contagion risk from the euro zone, squeezed interest margin and uncertainties caused by changes in regulatory regimes. This article tracks the history evolution of a core component of the banking system in the United Kingdom, the banking sector, describing how technology has transformed the economics of banking, and how deregulation in the 1970s and 1980s freed banks to take advantage of new opportunities through globalization and financial innovation.