Economics: It's Kind of a Big Deal

Yes. Because Brexit started off as an internal dispute in the Conservative party and an attempt was made to resolve this with a referendum. Brexit is now a crisis.  Next March, the UK is going to leave the world’s largest single market and customs union. Currently, the British government have made no plans or preparations for arrangements after the UK’s membership of the EU expires. Brexit is now an international crisis which the UK government is not taking seriously. Instead of preparation, voters are regularly treated to unrealistic ministerial speeches and slogans. Instead of managing voter expectations, ministers approach the Brexit crisis with a mix arrogance, exceptionalism and a national victim complex. Assuming that the UK government has the expertise, vision and desire to implement their preferred Brexit, then the UK can expect nearly half of its current trade to be subject to new trading barriers, market access restrictions, new tariffs and new quotas. With the ex...

In June 2016, Great Britain was suddenly no longer part of the European Union. 51.89% of the voting public had opted for the country’s exit, which led to the now infamous “Brexit.” Quite ironically, 58% of voters wanted Britain to remain in the union just nine months prior. Further studies, however, have noted that the sudden shift in sentiment was due to a targeted marketing campaign is done through social media.Social media now holds a great influence in our lives and has become the primary source of information, ahead of the traditional means such as television, radio, and print. In fact, it is also the medium that is considered to be one of the catalysts for the victory of US president Donald Trump, whose camp made use of Facebook to deliver his policy proposals. A similar treatment was done with the Brexit campaign, and what was essentially done was the deep analyses of each user and their preferences, which included their political inclinations.   Once that was complete...

Let's take an example: My Dad works in recruitment and a colleague of his voted to leave. So obviously I asked him why, because I have strong remain views. He responded with - "well now we can do our own trade deals and business arrangements with countries such as Germany without being restricted by the EU" My response - "Germany will still be in the EU once we leave, so how can we do our own independent deal with them. Also, why could we not do that deal with them when we were both in the EU" This example is proof that there were some people who did not understand Brexit hence did not know what they were voting for/against.  To be honest, I don’t think either side was particularly well informed. I don’t think it’s necessarily the case that all the people entering “What is the EU?” into Google the day after the referendum was Leavers.  That's not to say that many of them weren't well-informed about what the EU was and chose to vote against ...