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Brexit... and my wages


Jeff Lenihan

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It's been a week now since the people of the United Kingdom voted to leave the European Union in what you have no doubt heard called the Brexit vote. The final tally was 52% Leave to 48% Remain. Great Britain had been in the EU since it was formed, in 1993, and all the way back since 1973 when it was called the European Community.

 

While visiting the nearby town of St. Albans a few weeks back, I ran into campaigners from both sides of the aisle. I will admit, the Leave campaigners outnumbered the Remain campaigners I saw 10-1. Each gave me a pamphlet stating their case either to Vote Leave or Vote Remain. I'll let these pamphlets explain both sides, as they will do a better job than I probably could.

 

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From most I have talked to, there definitely was a certain anger at the way the country was being taken advantage of. Many agreed that something must be done about it and that the UK could certainly survive on its own. However, they also acknowledge that leaving the EU could possibly be a big mistake.

 

In reality, no one is certain what will happen, as no country has ever invoked the Article required to leave the European Union. Really, only time will tell if the move was a good one or not.

 

And it will definitely take some time. The Prime Minister, David Cameron, was a leading Remain supporter. After the results were final, he announced that he would be stepping down as Prime Minister in October. He has said that he will leave the secession process from the EU to his successor.

 

As for now, the Brexit has affected me slightly. Because I am earning my wages in British pound sterling, I am closely watching and hoping that the value of the pound stays much stronger than the dollar. Right now, I am sad to say that I am losing that battle as the pound has dropped .10 in the past week. It can only go up from there, right?

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