The past two weeks have been filled with talk of Great Britain’s exit from the European Union and the drastic effects it could have on the UK, EU, and the entire world. Initially, only a small faction of people believed that Brexit would actually happen. However, in the wake of the UK’s separation from the EU, many people worry about how Britain’s decision will affect the British (and global) economy, stability of the EU, and the state of the British political system.
In order to fully understand Brexit, it is important to consider the reasoning behind such actions. Initially, I assumed that the reason for Britain’s separation from the EU was purely economic; however, I have since come to the realization that Britain’s objections to the EU stem primarily from xenophobia. As a member of the EU, Britain has been required to maintain open borders and has thus received a significant number of immigrants (many of which refugees) from the Middle East. Despite the overwhelming proof that these immigrants and refugees have worked to STIMULATE the UK’s economy, many Brit’s argue that they are doing more harm than good.
The value of the pound began a steady decline after David Cameron began the four-month battle to determine the UK’s future with the EU. And, on June 24th, the day of the Brexit referendum, the pound’s value dropped to a seven-year low. Unfortunately, this is not the only potential consequence of the referendum. Without the EU, Britain could face significant trade barriers and increased taxes with many European nations. These set-backs could possibly result in the relocation of various international corporations located in the UK and subsequent job loss. Many people wonder if Great Britain will be able sustain itself independently of such a powerful alliance with such a small economy and limited resources.
The EU will also face economic difficulties, seeing as Great Britain was the EU’s second largest contributor (after Germany). In fact, Great Britain has consistently contributed billions more than it received from the EU. Many people also suspect that Brexit will have a domino effect within the EU and will prompt other member nations to consider independence from the EU. While it is unlikely that this will happen immediately, depending on the precedent set by the EU and UK, more European nations may follow in Britain’s footsteps – further weakening the EU.
Despite the marginal majority of the Leave Vote in the Brexit referendum, many citizens would have preferred to remain in the EU. In the aftermath of the Brexit vote, Prime Minister David Cameron declared his resignation, leaving the British government in a state of rocky transition. Although Prime Minister Cameron has agreed to remain in power until another is appointed in October, he has made statements that he will only “steady the ship,” not advance it. Furthermore, after the Brexit vote, Scotland’s government has taken action to hold another referendum independence from the UK, claiming that they still wish to maintain membership in the EU.
In the wake of Brexit, it is important to reflect on the effects that fear can have on a nation. It was fear of the perceived threat of foreign immigrants that motivated Britain to separate from the EU. It is fear that has lead to the overwhelming support of Republican presidential candidate Donald Trump despite (and, in some cases, due to) his xenophobic policies. If we are to make true progress, we must set aside fear of those who are not like us and embrace our differences.