Brexit: The silver lining

Graphic (Courtesy: KBK Infographics)

Britain shocked the world by voting to opt out of the European Union (EU).

The Brits voted 51.9 per cent to leave the European Union. The referendum turnout was 72.2%, with more than 46 million people voting.

Britain’s unprecedented decision to quit the European Union plunged the now 27-state bloc into the deepest crisis in its history.

Prime Minister David Cameron announced he would tender his resignation by October. Meanwhile, the European Union chiefs have told Britain to start negotiations to quit the bloc “as soon as possible”, after Cameron said he would leave the negotiations to his successor.

Ahead of the referendum, Cameron had accused fellow Conservatives of “resorting to total untruths.” Those in favor responded that Cameron was panicking after polls put the Leave campaign ahead.

The Leave campaign’s emphasis on reducing immigration proved a masterstroke vis-à-vis Cameron’s warning of an economic recession.

Fact remains, in a small country like Britain immigration is a bigger issue than every other thing. The Brits are fast becoming a minority in their own country with every passing year, with the number immigrants on the up, especially those of fast multiplying Asians — people craving for the good life that they can’t secure in their respective countries, and yet unwilling to adapt to the culture of the country they are so desperate to migrate to.

Truth be told, Britain won’t be able to accommodate more immigrants. Worse still, Britain remains, and will always remain, among the top choice for the immigrants.

It’s a Catch-22 situation.

Had they voted to ‘Remain’ in the European Union, they would have had to adhere to their immigration policy, and paid a heavy price therein.

Opting out gives the country an opportunity to formulate a new, and stringent, immigration policy.

In fact, leaving European Union isn’t exactly to the detriment. Examples show countries like Iceland, Liechtenstein, Norway and Switzerland — that are outside the EU — are richer and have lower unemployment rates than the EU.

True, the European Union won’t be generous to Britain now. The Pound has already crashed, and will continue to be weak for some time. The economy will face rough weather to begin with.

But there’s a silver lining in the cloud. Britain can now be more assertive, more decisive. And that will be beneficial for the country in the long run.

Related Links:

The UK’s EU referendum: All you need to know

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