Many fear a British exit from the EU would have devastating effects on the economy, possibly “forcing” many jobs to follow. Some are concerned that it would be the end of London as the financial center of Europe.
On the other side of the coin many in England do not fancy being told what to do by the EU; they feel that they are losing their sovereignty, economy and rights that they have always had.
Either way from a human point of view there are too many unknowns and uncertainties. From a biblical point of view it appears that they will leave and eventually try to come back, but won’t be allowed (Hosea 5:13). This makes the following quote even more prescient:
Guy Verhofstadt said, “May I give also an advice: Don’t think that after a ‘no’ you can come back,” despite expressing a wish for Britain not to leave in the first place.
Prime Minister David Cameron vowed late Friday to wage a relentless campaign to keep Britain in the European Union after striking a deal with fellow leaders that he said would transform the country’s relationship with the 28-member bloc.
The deal…paves the way for a June referendum in Britain on the country’s long-ambivalent membership. If the country leaves the E.U., it would become the first country to do so, and its departure could trigger a broader unraveling at a time when the union faces greater challenges than at any point in decades.
Cameron had demanded far-reaching concessions from his E.U. counterparts, saying that he needed to prove to increasingly populist voters that an institution often seen in Britain as an overbearing infringement on national sovereignty could loosen its grip. But continental leaders, who support keeping Britain in the club, drove a tough bargain, and some bridled at what they regarded as a British attempt to blackmail the bloc into giving the country a special deal.
In the end, Cameron received significantly less than what he had initially sought. But he still claimed victory Friday night and immediately pivoted to what is certain to be an emotional and bitterly fought campaign over the country’s future in the body that has defined Europe’s postwar order.
“The British people must now decide whether to stay in this reformed European Union or to leave,” he said. “This will be a once-in-a-generation moment to shape the destiny of our country.”
Campaigners for a British exit — popularly known as Brexit — vehemently disagreed. Nigel Farage, leader of the anti-E.U. U.K. Independence Party, tweeted that the agreement was “a truly pathetic deal. Let’s Leave the EU, control our borders, run our own country and stop handing £55m [$80 million] every day to Brussels.”
Polls once showed a clear majority for “in.” But they have tightened markedly in recent months, and most now show that the contest could go either way. The United States and other major British allies have lined up in favor of Britain staying in the E.U., arguing the country’s influence would be vastly diminished if it leaves.