Is Brexit the First of Many Dominoes?

Markets have been turned upside down by the surprise Brexit result and the resignation of David Cameron. While there is looming uncertainty around how this will affect the United Kingdom and Europe from an economic perspective, it might be just the tip of the iceberg in terms of long-run consequences as it gives vital ammunition to groups that are seeking their own referendums for independence.

The comments above and below are excerpts from an article by Jeff Desjardins (VisualCapitalist.com) which has been edited ([ ]) and abridged (…) to provide a faster and easier read.

While England and Wales voted to “Leave” with 53.4% and 52.5% respectively, Scotland and Northern Ireland were both firmly in “Remain” territory. Scotland, which previously held its own independence referendum in 2014, voted overwhelmingly to have the UK remain in the EU with a 62% vote. Northern Ireland had a similar sentiment with 55.8% voting “Remain”.

Scotland’s First Minister, Nicola Sturgeon, said today that a second independence referendum for Scotland is “highly likely”. She feels Scotland was taken out of the EU against its own will, and that Scottish independence is worth revisiting. Meanwhile, Northern Ireland has echoed these calls, instead potentially looking at voting on a united Ireland.

Now that Brexit is a thing, will these numbers trend higher? What will be the next domino to fall?

Disclosure: The above article has been edited ([ ]) and abridged (…) by the editorial team at munKNEE.com (Your Key to Making Money!) to provide a fast and easy read.

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