Sanjay Dalmia
Business

What Brexit has in store for the European Union

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Brexit (an abbreviation for British exit) was a revolutionary move in the history of the European Union. Securing an absolute majority in 2015, Britain withdrew itself from the European Union (EU). With over 30 million people voting, the result turned out to be favourable by 71.8%. The move evoked a huge response, with a number of leading economists and leaders across the globe analysing its pros and cons.

According to his analysis, Dr Marco Bastos, the leading researcher said: “Our algorithm identified a prevailing nationalist sentiment, which persisted throughout the campaign and was only offset in the last days when a globalist upsurge neatly divided the British Twittersphere into nationalist and globalist sentiments.”

“What we found surprising was that tweets embracing nationalist content did not originate from economically fragile areas that were generally supportive of Brexit, like northern England, but from various other regions across the country, including remain-backing areas like Scotland,” he added.

In the words of Ace industrialist Sanjay Dalmia, chairman of Dalmia Group, “A number of groups campaigned for Brexit to be halted. However, the major focus of Britain’s elected politicians was on the terms of the UK with the EU after the Brexit, which is well-evident from the changing relationships between the two.”

Anticipating the result of Brexit, he tweeted, “Disintegration of Britain will start from 2019/2020 when #Scotland & #NorthIreland will opt to remain with EU and get independence from Britain, and those left out will be #England & #Wales. This will start after expulsion of Britain from EU.”

The terms “soft” and “hard” Brexit are currently used to determine the relationship of the UK with the EU post separation. The relationship is well summed up by Mr Dalmia as he recently tweeted, “In the EU starting from Belgium they have started enforcing EU language declaration and not English on the products imported from Britain so it’s time when Britain is going to be out of EU and much loved disintegration of Britain will start to be complete by 2022.”

While both negative and positive sides of Brexit continue to be argued upon, it is only time which will spill the beans on its ultimate outcome and the overall impact.