DECISION DAY BECKONS FOR THE UK

On June 23rd, eligible UK citizens can make their voices heard on a major issue that has been making global media headlines and providing politicians, economists and heads of state with sound bites for over a generation. Should the UK remain within the European Union (EU) or leave and make its own way in the world?

The great uncertainty in this debate, now universally referred to in the media as ‘Brexit’, is the lack of real tangible evidence as to what a vote for either side would mean in practice. Since the inception of the EU (and its multiple antecedent monikers), no member state has ever left, so no-one can accurately predict what the outcome might be. What
is clear is if the UK does vote to leave, it will be major world political, social and economic news.

Clearly, there is much for each voter to consider before they cast their votes on the 23rd. From the EU’s perspective, if the UK votes to leave then this might pave the way for voters in other countries to stage their own similar referenda. However, it is also possible that if the UK wants to opt out, the EU may give way on a number of negotiating fronts in a bid to convince us to stay.

One thing is certain, on June 23rd, the eyes of all the world will be focussed on the UK, as this is a major political and economic issue with domestic, European, and global ramifications.

In reality, however, politicians, economists, bankers, and fund managers globally may try to confidently predict the long-term implications of the UK staying in or leaving the EU. At this point in time, nobody really knows.

Issued by: Enable Independent Financial Life Planners • 
25c North Street, Bishops Stortford, Herts CM23 2LD • Telephone: 01279 755950 - Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
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