A reader’s comment on the Financial Times that has been widely shared on social media said:
“The younger generation has lost the right to live and work in 27 other countries. We will never know the full extent of the lost opportunities, friendships, marriages and experiences we will be denied.”
A YouGov survey has prompted an outpouring of disappointment on social media among younger voters which showed that British pensioners were about three times more likely than the youngest voters to want a permanent break with the E.U.
A Wall Street Journal analysis of polling data shows a huge portion of younger voters had planned to sit on the sidelines.
The doubt which is still the biggest question especially among youngsters is ‘Should the U.K. remain a member of the European Union or not?’
Across the U.K., polls showed that only about 19% of people between the ages of 18 and 24 supported a British exit—the Brexit—from the E.U. suggesting that average number of years they have to live with this decision is 69 while among pensioners, who came of age before the E.U. came into existence, a staggering 59% wanted their country to leave who have to live with this decision for 16 years on an average.
Global stock markets plunged with the Brexit, and the British pound saw its biggest one day drop in history. The British pound fell as much as 10 percent against the U.S. dollar on Friday, 24th June ’16 to levels last seen in 1985 threatened London’s role to stay as a global financial capital.
With the usher in months of political uncertainty, in an emotional speech after the results got declared, UK Prime Minister David Cameron said “the British people have made the very clear decision to take a different path and as such I think the country requires fresh leadership to take it in this direction.”
Aftereffects of Brexit, there could be less cooperation with European museums, for instance, fewer grants and scholarships from E.U. institutions. More broadly, there is likely to be more incentive for ambitious young Brits to move to Europe or find another way to hold on to the benefits of an E.U. passport.
In the last few months, as the chances of a Brexit began to seem real, there was a sharp increase in the number of British applications for citizenship in Ireland, an E.U. member. The Irish government reportedly had to hire 200 new temporary workers process all the requests.
And the problem is much bigger. The younger population saw the biggest impact on their wages following the financial crisis and were hit disproportionately hard, and they’ve also expressed the most concern about their future job prospects.
Youngsters believe that leaving the European Union is utter isolation. And the older generations are not going to have to deal with the consequences.
But! The story starts from here.
The people who were campaigning for Brexit are promising better and-and brighter days ahead. Brexit goes a shock to the European Union because the UK has regained the full sovereignty and is no more bounded by the EU’ regulations.
The UK will now be free to receive fresh investments from outside of EU which could possibly and potentially create more job opportunities. The country has regained its hand on Trade regulations, and need not report to the EU and will be able to conduct its own negotiations with other countries.
The UK has more relevance as far as global import and export is concerned than the whole European Union, even the US. With the rise in trade on its own regulations, the country’s economy will emerge on an incredible rate, the country has ever seen when it is known to all of us that nearly half of UK’s overseas trade is conducted with the EU.
Does getting separated from the European Union and terming it an isolation really count? Young people do have attachments with the European Union as they were born in that era, and have dealt with it frequent times over various occasions but to a country, opportunity only knocks when the applications can be seen working, and with getting bounded to it, nothing can ever happen.
Nobody questioned that why the UK always emerge as the net contributor to EU’ growth. With this freedom, Britain will be able to invest billions of pounds for its own growth effectively and decide how to spend its money. Doesn’t it matter for any country’s growth?
Recently, the RBI governor Raghuram Rajan said the immediate consequence for Britain would be that investment would slow down further, and the Bank of England has already said it would have consequences on the currency. “Nothing will happen immediately, things will unravel going ahead.”
But to notice here, it’s an immediate consequence unlikely effective on a long term projecting its sustainability. Every economy collapses with the immediate decisions and shows an impact to the world but it doesn’t become a decisive note to call it an isolation and blunder for the youth when it comes with no pragmatism in real cause.
If you have also noticed, “Free” word has been repeatedly used, because it really matters for one individual and so, the whole country. In other words, Brexit is a rebellious step for the British independence.
This divorce isn’t actually a divorce but it’s the Freedom from boundations. Freedom from worry. Freedom from overwhelm. Freedom from dependence. Freedom from the trappings of the consumer culture we’ve built our lives around. True to its terminology, Real freedom.
If people get to see the Brexit from this side, no older generation or younger generation could have found that gap, and it comes to a call that younger generation might have understood how important is a “vote”.
As Raghuram Rajan said, don’t panic, the sun hasn’t fallen from the sky.