In the “things you need to know” category, let’s talk about what happened in Britain today. My family and I were there to witness things first hand, and I’ve got to say, when we awoke this morning and heard the results, we were all a bit dumbfounded.
So what does Brexit really mean in terms we can all understand?
To sum it up, the United Kingdom voted to leave the European Union, which is a group that includes 28 member states, primarily in Europe. The UK joined the European Union in 1973 and has had a rocky relationship with the entity since day one. Those who wanted out led a campaign that was popularized by the clever hashtag #Brexit, which appeared all over social media throughout the world today.
The UK joined the European Union in 1973 and has had a rocky relationship with the entity since day one.
What exactly does the European Union do? One of it’s primary focuses is to help with financial issues of its members, setting lending rates and helping manage inflation. It also has other benefits including offering tax free trading between member countries, allowing citizens to travel and work freely within member countries and sharing a common currency, the Euro.
With the benefits above, why did Britain decide to leave?
Well, that’s harder to answer, but in summary there are also challenges with countries having to “share” their wealth. The big guys like the UK, have to share with smaller, poorer countries, extending what some would consider their own resources too thin. There is also a lot of criticism with the focus of the EU, given it focuses on what benefits the whole, versus what benefits individual countries.
The decision to leave has caused a lot of concern and volatility on the global front.
Even more concerning is the breakdown in the age of the voters and the large differences of opinion by age. Young voters overwhelmingly voted to remain in the EU while older voters wanted out. 75% of people aged 18-24 claimed they voted for “Remain” in the YouGov survey after voting closed. Our young wizard Harry would likely have been in that group.
JK Rowling also expressed her sadness in the decision on Twitter.
I don't think I've ever wanted magic more. https://t.co/gVNQ0PYIMT
— J.K. Rowling (@jk_rowling) June 24, 2016
We hope for the best as things continue to unfold for not only the UK, but for the European Union as a whole.
Also published on Medium.