Brexit has been a strange topic in the sense that it has been everywhere, every day, yet not much is clear. The details that have been made available to the public, are often obscure or filled with political jargon that many don’t understand.
What is Brexit?
‘Br’ – stands for Britain, ‘Exit’ means exiting the European Union.
The EU is a customs union comprised of 28 member states, enabling them to trade freely, making things like buying and selling products to other’s countries easier among other privileges.
How will Brexit affect you?
Brexit could potentially affect the amount of investment in the UK. This may be because of the reduced demand for the pound due to investors in shock, taking money out of England due to the unforeseen result and the implications it may carry.
Similarly, Britain is a multi-cultural society, so leaving the EU may negatively impact its diversity because of the potential changes to laws regarding immigration and border control.
On the contrary, there are also positives of leaving the EU. The UK will keep its sovereignty and having total control over decisions in the nation, as opposed to having to share the laws constituted by the EU.
So what can we do now?
Nothing at all, we’ll have to wait and see if Brexit really does mean Brexit.
More information about Brexit :
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