Saturday, June 18, 2016

Brexit or Brin ?

Proposed referendum in Britain on exiting or remaining in the European Union has economic and political consequences irrespective of the voters' choice. Current trends are given in the table below.

President Obama favours the status quo whereas Donald Trump has urged the British to walk out. People's preferences appear odd. Conservatives and the poor appear to be on the same side. Interests of Labour party and the rich seem to coincide.

Financial markets which are already in turmoil may undergo more strain post June 23.

Tension created by adversaries in the referendum has already claimed the life of one Labour MP, Jo Cox. If Brexit is favoured, David Cameron will probably resign as prime minister creating political disarray at least for some time.

       Tending towards Remaining
         Tending towards Exiting
               Labour partymen
               Liberal Democrats
               Females
               Rich
               Young
               Scientists
                   Conservatives
                   UK Independent Party
                   Males
                   Poor
                   Old
                   Farmers

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