It was June 23rd and the question was simple, but the outcome and consequences could be huge. “Should the United Kingdom remain a member of the European Union or leave the European Union.” Voters had two options either, “Remain a member of the European Union” or “Leave the European Union.” One decision carries a lot more weight and much heavier outcome than the other. The Brexit vote is in, the United Kingdom voted to leave the European Union and the Brexiters had some “decent” ideas as to why, but the grass isn’t always greener on the other side.
Before we get into any real detail let’s start with the basics, so what is Brexit? Brexit is a combination of the words British and Exit. The Brexit vote took Place on June 23rd, in order to decide whether or not the United Kingdom should leave or stay with the European Union. Roughly 30 million people took part in the Brexit vote and they voted to leave the European Union. So when will …show more content…
The value of the pound has been spiraling downward to some of its weakest levels since the 2007-08 financial crisis. The pound plunged against the dollar big time dropping from $1.46 at the beginning of June to Just above $1.25 after the selection of President Elect Trump. In hopes of helping the economy the Bank of England has tried its hand at a number of things to boost the economy. One of which was by cutting interest rates, early in August rates to as low as .5%-.25%. With the interest rates dropping it also lower all the yield returns on bonds, leaving investors and pension holders flustered.
All the cards are on the table. The people voted! BREXIT…BREXIT…BREXIT! United Kingdom is a great and powerful entity and should not have to take the backseat, financially, economically, and lawfully to the European Union. They should be able to govern themselves, finance themselves not the EU. Most of want is written above could not be more true but Brexit is not the
Before we get into any real detail let’s start with the basics, so what is Brexit? Brexit is a combination of the words British and Exit. The Brexit vote took Place on June 23rd, in order to decide whether or not the United Kingdom should leave or stay with the European Union. Roughly 30 million people took part in the Brexit vote and they voted to leave the European Union. So when will …show more content…
The value of the pound has been spiraling downward to some of its weakest levels since the 2007-08 financial crisis. The pound plunged against the dollar big time dropping from $1.46 at the beginning of June to Just above $1.25 after the selection of President Elect Trump. In hopes of helping the economy the Bank of England has tried its hand at a number of things to boost the economy. One of which was by cutting interest rates, early in August rates to as low as .5%-.25%. With the interest rates dropping it also lower all the yield returns on bonds, leaving investors and pension holders flustered.
All the cards are on the table. The people voted! BREXIT…BREXIT…BREXIT! United Kingdom is a great and powerful entity and should not have to take the backseat, financially, economically, and lawfully to the European Union. They should be able to govern themselves, finance themselves not the EU. Most of want is written above could not be more true but Brexit is not the