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  1. Brexit impact: Trying to understand implications now is poor thinking

Brexit impact: Trying to understand implications now is poor thinking

Efforts to understand Brexit implications post-referendum is poor thinking

By: | Updated: June 27, 2016 8:06 AM
Efforts to understand Brexit implications post-referendum is poor thinking Efforts to understand Brexit implications post-referendum is poor thinking

It is a classic case of closing the stable doors after the horse has bolted. After voting to exit the EU last week, Britishers have begun researching on what their vote really means. According to Google Trends, Britishers are searching to find out more about what life outside the EU means. Ironically, the most popular questions on the European Union in the UK since the Brexit vote according to Google are: “What does it mean to leave the EU”, “What is the EU”, “Which countries are in the EU”, “What will happen now we’ve left the EU”. And before the referendum, the most popular question was “What is Brexit?”.

Immediately after the vote results became public, the pound hit the lowest against the dollar in 30 years, Britain now seems to have realised the impact of the vote—not just on the currency, but on the economy at large. Rather than remain an island in a globalised world that they have been promoting all along, now close to 3 million people have signed up a petition by Labour party MP David Lammy seeking a legislative vote on whether to remain in the EU or not. At a time when the sun hardly rises on the British empire, it is time to realise that the old parable of divide-and-rule does not work at home. It is time to sit down and work with the rest of the world. Even if that means remaining in the EU.

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