5 Glimmers Of Hope After The Brexit Vote

It's not the end of the world.

On Thursday, voters in the United Kingdom passed a referendum to leave the European Union 52 percent to 48 percent.

The financial, political, and social ramifications from the vote (known as Brexit) have made a lot of people nervous. But there are some silver linings to look forward to. Here are five reasons to remain hopeful after the Brexit vote:


1. Scotland might finally get independence.

Scotland voted overwhelmingly for the U.K. to remain in the EU, 62 percent to 38 percent. Immediately after the Brexit results came out, Scotland's First Minister Nicola Sturgeon said that it was "highly likely" that there might be a second independence referendum to leave the U.K. and the Scottish government will begin the legislative process immediately. The first Scottish independence referendum in 2014 was defeated, 55 percent to 44 percent.

2. We might have a united Ireland.

Just like Scotland, Northern Ireland also voted strongly to remain in the EU, 56 to 44 percent. The leadership in Northern Ireland is now also pushing to leave the U.K. and to form a united Ireland through a referendum vote. Northern Ireland Deputy First Minister Martin McGuinness criticized the British government after the Brexit vote, and it seems that there is a chance that Ireland might be united again.

3. A declining British pound means the U.S. dollar could be worth more.

One of the financial consequences of the Brexit result was the British pound falling to a 31-year low on Friday. While this is dire news for people in the U.K., the value of the U.S. dollar will now be higher in that country. So if you are traveling in the U.K. this summer, you will get more bang for your buck.

4. The U.K. gets to pick a new prime minister.

British Prime Minister David Cameron announced on Friday that he will resign because of the Brexit vote. U.K. residents will get to vote for a new leader by October. While the next prime minister could be from Cameron's Conservative Party, there's a chance that another party could win it, such as the Labour Party.

5. There could be a re-vote in the U.K.

Voters who supported remaining in the EU formed a petition on Friday for a redo referendum vote, citing that a 75 percent voter turnout was too low for such an important election. The online demand for a new vote was so high that the website for the petition was slow. The petition received more than 100,000 signatures within just a few hours.

Cover image via Shutterstock


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