What’s this about?
UK voters have decided in favor of the Brexit. The UK joined
the EU in
1973, and is now the very first and only independent
member state to check out from the EU.
Britain has always had a particular relationship with the
EU. It never transitioned to the Euro. Nor did the UK sign on to the Schengen Agreement,
which eliminated internal border controls between member states.
Until now, the UK has enjoyed access to the European Common
Market – but at a hefty price in terms of membership fees, and in tons of new EU
regulations on trade.
What’s the case for
Remain?
The “Remainiacs” think Britain is getting a good return on
its investment in the EU. It argues that UK citizens benefit from being able to
work in any other member state with minimal, if any, visa requirements. The
remain campaign also contended that, without the EU, tariffs on traded goods
would raise the prices of goods and pinch citizens’ household budgets.
There’s also the enormously popular Erasmus Programme, which
allows students in EU member states to study abroad and intern in other member
states without any of the usual visa hurdles.
At the most recent
count, over 15,000 British students were taking part in the Erasmus
Programme; the country hosts over 27,000 Erasmus students from other member
states. There is a chance that the UK loses all access to this program.
But how do young
Brits feel about this?
That’s a great question, me, thank you for asking. (I’m
welcome.) Young people overwhelmingly wanted to remain. Or Bremain, if you like
geopolitical puns, as you should.
In
fact,
only
33% were planning to vote Leave. But the young Europhiles didn’t turn out
in large enough numbers to make the difference.
According to
CNBC,
1.5 million people under the age of 25 aren’t registered to vote.
Another 2 million voters between 25 and 35
aren’t registered, either.
…and the case for
Leave?
Immigration is another key. The EU also wants the UK to
accept more migrants, and give those migrants more benefits. Brexit fans want
the UK to have total control over who they let into their country, and what
benefits those people receive. You know…like, sovereignty over their national
borders.
Who’s on what side?
Former London Mayor - and current hair icon - Boris Johnson
is pleased with the result, while Prime Minister David Cameron is politically
devastated. Perhaps the biggest personal political winner here is Nigel Farage,
the head of the UK Independence Party. He’s hailing this as Britain’s Independence
Day.
President Obama had urged British voters to remain. The
royal family took no official position, but Liz Hurley, who plays the Queen on
“The Royals,” wanted out. Keira Knightly and Benedict Cumberbatch wanted in.
So, what happens
next?
First, the markets go nuts. The British pound has already
tanked. Markets will be volatile, and Brexit fans say it’s only temporary – the
Remain crowd says this signals slowed economic growth, if not total disaster,
for the UK. The real answer? Nobody knows – no country has ever left the EU
before.
Britain now has to
re-negotiate
its current trade deals with the EU countries. This will take time, and it
is unknown what kind of deals will result. But! The regulations go away, and
the UK gets to hash out its own migrant policy. They also save major money on
membership fees, which some Leave-ers want repurposed into funding for the NHS.
This is only the beginning of the political fight between
Euroskeptics and Europhiles.