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The debate to whether leave or to remain with the European Union is going on for several years in the United Kingdom (UK) and finally today it ended with a decision to leave EU. The Prime Minister, David Cameron as promised in the 2015 elections, nodded to held the nationwide referendum to take the decision which was ended with 51.8% against 48.2% in favor to leave EU.
The world is stunned by this decision of voters to vote in favor of Brexit (Britain's exit). Though Britain has had a quite troubled relationship with EU since the beginning and even made various attempts to break away from it. Finally, Britain did break away from EU for its own good, well at least I hope so.
In coming few months, British and European leaders have to begin negotiating the terms of Britain's departure from EU. Of course, Britain's exit from EU will the affect the world's economy as well as British economy and British immigration policy, Monetary decisions and what not. Britain holds the 2.4% share of Global GDP, which suggests the big impact on world's economy.
No state has ever left EU in its 59 years history and economist are even calling it a big disaster for EU as well as Britain. Well, we'll see how this decision of Britain leaving EU turns out to be?
Of course, I'm not here to discuss the new immigration or trade policy of Britain. I'm just gonna focus how this is gonna affect your normal routine of life and how your lives will be different after Britain leaves EU.
Breaking News: David Cameron just announced that he's quitting as Prime Minister of UK.
So, let's have a look at that.
Brexit could have a big impact on broadcasting rights of sports which would have a big effect on the sports we watch. The first problem right after British referendum on EU will be that football players from the EU won't be able to sign so easily with UK football clubs. That means foreign football player like David Silva from Manchester City could be forced out.
Earlier all the football player from the EU were able to meet the automatic visa criteria which now will be swept away with Brexit, and you should note this down that two-thirds of the footballer playing in the Britain are foreigners. So, their future will be hanging with this EU referendum and till Britain comes up with their new immigration policy.
If you're a sports fan and don't want your favorite player to leave your club, keep a tab on Britain's new immigration policy.
The first practical effect of the British referendum on EU will be that pound will be worthless in foreign countries, meaning traveling to London will cost lesser than it used to be. Of course opposite of this is true for British people, now they have to pay more to travel abroad.
Of course, now it wouldn't be easier to enter the UK as earlier used to be with common EU visa policy. After Bretix, Britain will have their new policies regarding visa-free entry. So, traveling to Europe might not be that easier as it used to be.
So, Americans what are you waiting for? Pack your bags and go to London.
Earlier under EU legislation, students moving to the UK for higher studies have to pay the same tuition fee and were able to apply for same tuition fee support as nationals of UK.
After British referendum on EU, the government of UK will juggle its policies regarding higher educations and tuition fee support to offer the priority to its nation's own talent concerning nation's interest.
Though universities of UK were against the decision of leaving EU because they think students would probably out and universities are also concerned about their future funding. Dame Julia Goodfellow, president of Universities UK and vice-chancellor of the University of Kent, said: "British students benefit from being taught by the best minds from across Europe. Membership of the European Union is good for our universities and good for the science and research that improves people's lives."
Those from EU countries who were planning to go to the UK for higher studies may have to rethink on their plans.
A lower value of the pound will cause imports to be expensive which is the main cause of inflation. The first noticeable symptom is the inflation will be seen in the cost of foods and cloths being most associated with imports. Eventually, it will grow to every item on the market and gonna be a big problem of Cameron government.
So, its a bad news for Britishers and hopefully we the people from other parts of the world won't get infected with this.
Did someone say anything about the recession?
Lots of international economists have warned about this and might even be true seeing the uncertainty about the referendum. Because of this uncertainty investors and industrialists are less confident about their future in the UK and will start moving their money out of Britain. This will drastically affect the future of economic conditions of Britain.
The Prime Minister David Cameron didn't want to hold a vote on Bretix at all. But he faced a growing pressure in 2014 and due to that, he promised in 2015 elections to hold a British referendum on EU. Though he played a nice gamble thinking "Leave" campaign will die eventually but failed to imagine something like this.
There are even rumors of revolt in conservative party member to force David out of parliament and form a new conservative government.
Breaking news just came that David Cameron is quitting as Prime Minister of the UK. So our concern was right.
Polls have shown that Scotland broadly supported the Bremain (Britain remain with EU) campaign. Scottish people want to be part of something bigger than England and to counter with English identity.
This decision of UK of leaving EU may strength the separatists parties in the Scotland and which could lead to an independent Scotland.
Britain's member to EU meant that citizens of EU countries can live and work in anywhere within 28 countries. For decades, young Britons have enjoyed the freedom of Europe, able to work, study and travel freely on the continent, and enjoy healthcare and other privileges while they do so.
But now the future of 3 million non-British EU nationals who live in Britain and 1.2 million Brits living in other EU countries hangs in danger. They have to wait for the new treaty between leaders of Britain and EU.
So, this is all you have to know right know about British referendum on EU.