Stock-broker Vishal Balasingham, 42, told FMT that the UK economy would improve by no longer being bounded by trade regulations from the “centralised, regulated and controlling nature of the EU”.
“In the short them, the market and the British pound will be subjected to some volatility, but we don’t foresee this to last long as the benefits of being outside the EU will soon be realized,” he said.
Vishal, who is head of trading at his company, said investors should channel their concerns to Germany’s shaking economy and Greece’s potential to default on their debt repayment next month.
“This may lead to another bailout, which member states may not have an appetite for in this climate, leading to a chain reaction from other nations seeking their own independence.”
Chermayne Hiew, 23, a project manager in London, said that Brexit created a lot of uncertainties, as the UK government had not been clear on what would happen upon the EU exit.
“Britain isn’t prepared for an exit,” she said. “No one really had a plan.”
She said Britain’s poor would feel the effects of the exit the most although “most likely, they are the ones who voted to leave.” “
Britain was now stuck with a Conservative government proven to be incompetent in managing welfare and other social issues like housing.
Worker’s rights, previously secured by the EU, might be under threat, she said.
Carol Ann Cheah, a 23-year-old student in biomedical engineering at London, disagreed that Britain should leave and that the immigration issue, played up as a reason for leaving, was “more a reflection on the government’s failure to provide and plan for population increases and public service demands”.
Referring to the European migration crisis, and an influx of immigrants into Britain, she said: “It’s not easy to increase schools, housing and health care but you can’t just go into austerity and then blame the migrants for putting pressure.”
She was dismayed by the excessive politicking for the Brexit referendum.
“It’s sad how the campaign is being played out and how people are reacting on the losing side. There is too much blaming of the electorate saying that they’re being stupid or racist.”
Medical student Ng Sue Anne, 24, in Scotland, remained upbeat about Brexit, saying that a job as a doctor was still secure upon graduating.
“The Scottish government is still very supportive of international talent and doctors are already guaranteed a job anyway even before Brexit. I don’t think it will change much in Scotland since they are all for remaining. Even if the English government intervenes, I still feel secure about my spot since I don’t see a reason for them to suddenly change the immigration ruling for international medics.”
On Thursday, Britain held a referendum about its membership of the EU, with 51.9 percent in favour of leaving while 48.1 percent voted to remain in the EU. Britain would be the first of the EU’s 28 member states to leave the union in its 60-year history.