Dilemma whether Britain should remain with EU or leave it has received extensive coverage in your newspapers. Notably the repercussions will be felt not only in UK but also in Europe and worldwide. If Bankers of 20 nations, meeting in Shanghai are concerned about UK leaving EU, Brexit lobby must shudder at disastrous impact on Britain.
Prime Minister is dangling carrot of monetary benefits amounting to millions of pounds per day, market for UK export etc. Brexit lobby is seeing the stick of uncontrolled migrants, surrender to 64% EU laws and loss of sovereignty etc. People at all levels are divided vide politics, population, age, geography and education of voting lobby.
Undeniably, Britain will have economic wobble for at least two years. Recovery will take, from 5 to10 years before profits/ prosperity are restored. This will be a period to assure importing nations about quality of British services/ goods and dependability. Britain may face severe austerity caused by devaluation of sterling pound.
Brexit must be defeated, to avoid jumping into dark abyss of uncertain speculation. EU bird in hand is worth two in the bush waved by Brexit lobby. Anticipated problems can be tackled as and when they arise.
Ramesh Jhalla
By email
