Woke up, in paradise, on 24 June to the news that the UK vote had gone narrowly in favour of leaving the EU. This decision has left me completely disappointed with my home country. While respecting the will of the majority I cannot but wonder what the motivation was for such a decision. The xenophobic tendencies in the campaign before the polls was clear. The theme that was repeated over and over again was that of immigration and the fear of masses of refugees arriving on the UK shores. This alone was a deep disappointment to see how the once great nation that upheld human rights and liberties had now gone self-centred and nationalist. The right-wing party had vomited their lies on financial figures and immigration scenarios. It became clear that most citizens in England seemed ignorant of the UK’s relationship with the EU and its functioning. A totally incorrect view of the EU was the popular one propagated within the grassroots.
On a personal basis, accepting the fact that there is no going-back, I must take this opportunity of the Brexit to look at options for myself and members of the family who are living and working in the EU. As an immigrant in paradise I will have to view my own nationality options and make a decision for stability. More so, for the family members living and working in the EU who, at some point-in-time, will be faced with their resident and employment status being rescinded. Their obvious option to continue living and working in their EU country will be to apply for local nationality. The Brexit has caused a dilemma for many British people either retired or working in EU countries. In the Brussels EU institutions alone there are over 1,500 staffers that will lose their jobs. I will not go into all the negatives that Brexit will eventually cause the UK but young UK students stand to lose opportunities like the Erasmus exchange or scholarship programmes. Other problematic areas will be commerce and renegotiation of agreements, relocation of some companies that will exit the UK and the effects on employment. While there is elation with the pro-Brexit mass, the future of the UK remains uncertain with a mammoth rebuilding task ahead.
It is no wonder that Sterling has plummeted after the Brexit decision as this is a reflection of a negative decision and uncertainty. The finance world is always a barometer as it reacts one way or the other. As for myself, Brexit is break it, and confidence is broken.