"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.