The future of Britain will be decided by Brexit’s result. On this day, UK voters will vote to decide if they want to exit the European Union (EU). Although, David Cameron claims that the deal he struck with EU leaders would give the UK “the best of both worlds”, the country remains mired in claims and counterclaims over the costs and benefits of leaving the EU. The most important question for the investors is, “How Britain’s exit (termed as Brexit) would impact their investments?” Whatever may be the result, it is better to be prepared in either case.
Why Did the Possibility of Brexit Arise in the First Place?
David Cameron came to power in 2015 promising a referendum on EU membership. This was a tactic to alleviate the immense pressure from the pro-exit UK Independence party and from Eurosceptics in the ranks of his own party. When the Conservative party scored an absolute majority in the 2015 elections, referendum became inevitable. Apart from the political reason, the proponents of Britain’s exit also cite other issues like loss of jobs due to immigration, impact on trade due to the bureaucracy of EU, £13 billion paid to Brussels as the cost of EU membership and