#Brexit impressions: It is early days following #Brexit result and a number of people are asking themselves if #Brexit was the right choice? Brexit impressions 3 working days in – whether or not you as an individual have someting to #Bregret at this time depends on a number of factors.
The vast majority of short term #VoteStay predictions have materialised – falling Sterling, tumbling stock markets, UK credit ratings downgraded and reduced economic growth forecasts – despite these being hailed as scaremongering by the #VoteLeave campaign. Soon too, UK residents will see a rise in the cost of living – petrol, food and other imported items will become more expensive due to the falling Pound. However, UK holidays (staycations) and UK based suppliers will benefit from renewed demand. Exporters will also see their goods become more affordable again because of the falling pound against other currencies.
It is still far too early to be able to make a conclusive judgement about the #Brexit decision. One of the main reasons for this is that the #VoteLeave campaign did not have a clear plan of what style of relationship they want with the EU going forward. On the other hand, both campaigns were very negative showing to the public the “extreme” case scenarios. Some of these are now being backtracked on including the emergency budget by George Osborne and the £350 million pledge for the NHS by Boris Johnson.
There will be no immediate material change to the UK’s position in terms of immigration, sovereignty; here are some views from academics at the University of Salford on the road ahead following #Brexit: