Society is different now. To get a job, you need to go to school, to get a job to pay for school. Recent figures show that the average home buyers first deposit has risen to a staggering £34,000. This is almost double the amount since 2007, and the shocking exponential increase in prices has made it very hard for young people to take out a mortgage. Renting has become expensive as well, some people are better off buying the house rather than rent it out. For graduates in the UK they carry an average student loan debt of £44,000, with medical students rising to almost £75,000; the worst thing is that the loans are charged with interest. This makes life very difficult for young students, political leaders such as Jeremy Corbyn are campaigning for the abolishment of tuition fees, following other European countries such as Sweden, Germany and Norway. Despite the impact of making such a decision, it would no doubt allow graduates to settle after graduating university. Many young scholars are reluctant of the financial problems that would be caused as a result of taking out a student loan, on top of that a maintenance loan would also be needed to suffice, in areas such as London. Universities do offer scholarships and bursaries but it is still immensely difficult for poorer working class families to support their child as he/she goes to university.
Some degrees are hard to match to a certain job. Medicine for example will allow you to become a doctor. International Relations would struggle to puts its finger down. A job is the next step. According to the Graduate Labour Statistics Market there has been a 2.2 decrease in graduate employment. Upon adding the costs of living and mortgage, it would be hard to gain a disposable income, rather you would live from hand to mouth. Currently you need to earn £21,000 a year before you start paying back your loan which would be fixed at £26 a month. In a year it would accumulate to £312. Your student loan will be written off in 30 years but only the higher earns would be able to pay it off in that time period. Figures also show that postgraduates loans are fixed at 4.6% interest, most postgraduates students study medicine, and a few of them will be taking out a second loan which is only adding salt to their wounds. Whilst it would be a dream for free education, brexit will block many of the people hoping to study in the EU as we will no longer be a part of it. For the UK to have free universities would require immense reforms and a lot of money to be spent, but it would no doubt put the students at ease. Many students are moving abroad to study, as they do not wish to endure the burden that a UK university would charge them. The tuition fees could also rise from the current £9,250 a year, and that is the fee alone.
The future looks incredibly bleak for the younger generation as it is become harder for graduates to a be able to pay for tuition fees let alone a mortgage. Students are put off going to Universities for this sole reason, they are afraid they will spend most of their life paying off their debt rather than living their life. Money is now the aim for young people, as they see it as the answer to everything and that with it they can do whatever they want.
"Brexit", is either honoured or hated, in society's eye's. "Br" comes from "Britain" and "Exit", put together to make Britain Exit (the European Union). A historical vote commenced on Thursday 23rd June 2016, marking the future for the United Kingdom. In the past, links with Europe have been a vital asset in order to: Trade, make commissions and create significant influence in the world.
The majority of predictions implied staying would be the tendering result, people believed many reasons this was the best option. 3.5 million jobs in Britain have a connection with the EU, which are a driving factor for the UK economy and market. In other words that is 1/10 of every job having a relation to the EU. Trading is very important, the EU buys 50% of trade from Britain, that being said, (54% is goods and 40% services). Negotiating trade deals separately with countries outside Europe, can be frustrating and unmanageable to a certain extent. However this has proven to be questionable, as negotiations with America have already started uprising, with markets and the pound increasing from Trump's presidency. Also trade deals with India have already started, will Brexit help Britain on a more International level? European holidays are a more common and cheaper option for many UK residents, who enjoy common visits to: Spain, France, Portugal, Ibiza and Italy. The simple fact is that costs are lower by staying: credit card fees, flights, data roaming and compensation abroad. With the economy as it as, people can barely afford to go on holiday, yet pay a higher price for leaving. With epidemics such as; Ebola and Aids/HIV spreading, research is a vital part to help fight an infectious disease. The UK is seen to be the largest beneficiary of EU research funds, being a vital income for research universities and companies. Could this morally atone our efforts for improving health ?
Despite all this, On 23rd June 2016, Britain made a startling decision to leave the European Union, in hopes of an independent country. Many factors were illustrated in the pros and cons of leaving and staying, but with a 52:48 win on leaving, the pros of leaving, were seen to be highly favored upon.
Why did we end up leaving? Well, although there were many good reasons to stay there were also numerous reasons to leave. As mentioned before stronger deals have already been made with America and India, which are two completely different nations with strong economies. Providing more control over the UK's decisions was important in people's opinion, due to the fact it is their country and they should chose the way they run their country. Immigration has been a controversial problem recently, with ISIS and other extremist groups; countries feel the need to control their borders and who enters them. Although jobs may be lost by leaving the EU, many jobs can be generated, independently, where money will recirculate back into the UK economy. Traditionally, the EU has been thought too take away the historical way the country has been run and the change, has seemingly been disliked by the older generations. Currently the UK is spending £350 million a week on EU membership, which could easily be contributed towards, the desperately needed funding for the NHS, especially for the jobs of junior doctors.
UKIP (UK independence party), have smashed the purpose of their party, winning over a majority of labour voters, who lost support from a failure of promises not being delivered. Nigel Farage, played a fundamental role, leading the party, by nationally promoting the benefits of leaving the EU.
Ironically, after brexit many supposed side effects of leaving, have simply not happened, although there have been certain noticeable changes. Corporations such as John Lewis and Easyjet have stated the fact costs have increased for them, as the value of the sterling fell. FTSE 100 and FTSE 250 index, as well as other British based businesses, are recovering from the fall in share prices. Delightfully, the bank of England, has declared that interest rates will fall from 0.5% to 0.25% which will evenhandedly help citizens recover from the 2009 recession. Not to mention the resigning of David Cameron, who has now been replaced by Theresa May.
There has been speculation of when article 50 will be triggered, the delaying has been debatably caused by MP's, but surely in no time we will be officially out of the EU. Whether you choose to vote remain or leave, the decision has been made and we must accept the future fate of the country, for the good of the nation, may the odds be in our favor.