Johan Fourie's blog

I'd rather be a comma than a fullstop

Shock and surprise as Britain leaves European Union

with 2 comments

Brexit

Britain has decided to leave Europe. It is an utterly foolish thing to do, but that is the consequence of a referendum by people who have suffered from the austerity measures they voted in and now wants to blame Europe (and immigrants) for their malaise. Few can, unfortunately, distinguish cause and effect, and it doesn’t help when those few are distrusted.

The consequences of the UK leaving the EU is hard to determine because it depends on so many things. But one thing is for sure: the world economy is in for an even more bumpy ride. The pound has already taken a beating (see image below), and the effects will become more apparent when global markets open. But be wary of overreaction too. Until the details of the new arrangement are made clear, it’s best to take it slow. Keep calm and carry on.

The irony, of course, is that it is entirely self-inflicted, and could easily have been avoided. But those discussions are for another day. Instead of speculating what the consequences might be, let me leave you with a few brilliant early-morning (late-night) tweets to sum up the sentiment:

And my favourite:

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Written by Johan Fourie

June 24, 2016 at 06:13

2 Responses

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  1. The “independence” talk is foolish. Self-sufficiency is the road to poverty.

    That said, don’t you think that the UK will negotiate some relationship to the EU similar to that of Norway or Switzerland, so in the end there will be mostly free trade and migration anyway?

    Benj

    June 28, 2016 at 19:07

  2. The future of the Britain’s youth has been decided by those too old to live to see the long term consequences of their decision. Perhaps someone should have told the old dears its not 1945 anymore and we lost the empire a while back

    Angus

    June 24, 2016 at 09:27


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