The ‘Brexit’ cat is out of the bag. Britain votes to exit European Union is not a surprise. Despite opinion polls suggesting that the “Remain” camp narrowly ahead, the almost sunken ’empire’ faces grim situation due to migration from other EU states, battering economy and much more loss of British identity. The four decade-old romance comes to an end. Now the question before the British economists is how Britain overcomes its economic crisis, solves unemployment and maintains its lead. British Prime Minister David Cameron has announced his decision to step down in the context of Brexit. In this changed scenario, how far British leaders maintain stability is interesting to watch.
MRG Murthy, Mysuru