Finally Britons have decided their destiny by departing from the European Union through a referendum. This historic decision is bound to be marred with so many political, social and economical implications. It is the greatest catastrophe to befall the union in its history of almost six decades. No state has shunned the union before and this is going to be a hard-hitting challenge for the government to go forward without it.
The Brexit ramifications will affect the Britain economy and its immigration policy. The fate of Scotland, and Northern Ireland will remain in a limbo as it has to be seen whether they would want to continue to stay in federation or invoke the referendum as both were in favor of staying with European Union. The referendum result will strengthen the separatists in both states. Dealing with this new reality will be a tough challenge for new political leadership.
As far as economical ramifications are concerned, it is likely that the country go into a recession since she has to revise the different economic agreements with 27 countries. It is going to be a tough task for the government to maintain Britain’s position in economic terms. Economists argue that leaving the EU might shrink economy by 3.8 to 7.5 percent by the end of 2030.
The realization of the Brexit ramifications is also very strong. Hardly a day has been passed and there are loud calls demanding a vote re-run as a petition for vote re-run passed 2.4 million. Also, David Lammy MP called for parliament to block Brexit.
Now it remains to be seen how the Britain comes out of the post-referendum situation especially the issue of millions of immigrants and British residents living in the EU countries and how it maintains its territorial integrity with its three joint states.