Bregret or Regrexit? Morning-After Woes in the UK

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Cartoon by Clay Jones

Cartoon by Clay Jones

Some voters in the United Kingdom are angry at what they believe was a poor information campaign leading up to the referendum to leave the European Union.

According to a news report filed by Lizzie Dearden of UK national newspaper The Independent:

Electoral services workers have reported calls from people asking if they could change their decision after Friday’s result became clear, while some publicly admitted they intended to use a “protest vote” in the belief the UK was certain to remain in the European Union.

A British student interviewed by the ITV news network further explained:

“I would go back to the polling station and vote to stay, simply because this morning the reality is kicking in.

“I wish we had the opportunity to vote again.”

Other voters are more angry than regretful after Nigel Farage, a British politician and Member of the European Parliament explained that a poster encouraging people to “Vote Leave” while pledging to spend millions of pounds supposedly given to the EU on the National Health Service (NHS) was a “mistake”.

The NHS is a public healthcare service for the good people of the UK, similar to La Caja in Costa Rica. After the Brexit vote, it became clear that the NHS would not get any additional funding or benefit from exiting the EU.

Meanwhile, a news wire from Agencia EFE, international news partner of The Costa Rica Star, reported that the International Monetary Fund is standing by to assist:

The managing director of the IMF, Christine Lagarde, said Friday that following the vote in favor of Britain’s exit, or “Brexit,” from the European Union, her organization will keep watch on the outcome and is “ready to support” member countries in any financial difficulties they might come up against.

“We take note of the decision by the people of the United Kingdom. We will continue to monitor developments closely and stand ready to support our members as needed,” Lagarde said in a statement.

At the same time, Lagarde urged British and European authorities to work together to “ensure a smooth transition to a new economic relationship between the U.K. and the EU, including by clarifying the procedures and broad objectives that will guide the process.”

The IMF managing director also gave assurances that “we strongly support commitments of the Bank of England and the ECB (European Central Bank) to supply liquidity to the banking system and curtail excess financial volatility.”

Two weeks ago the IMF released a report warning of a screeching halt, a strong devaluation of the pound sterling and an inflationary upsurge in the British economy, should the “Brexit” choice win the referendum on Thursday.

The impact of Britain leaving the European Union continues to devalue the pound, with declines of 4 percent and 6 percent against the euro and the dollar, respectively, though losses were minimized in the course of Friday morning. EFE

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