1GB lesser in the EU: How young Bengaluru folk decode the Brexit issue

Now that the UK has bid adieu to the European Union and left everyone in a tizzy, here’s how the young city folk settled there decode the the raging issue.

While people are still indecisive about whether or not Brexit is going to benefit the United Kingdom in the long run, we find out from the young working Bengalureans settled in UK on the effect this will have on the economy, the students and the youth.

The market horses like currencies, commodities and equities are already topsy-turvy, with economic forecasts touting that most professionals might not find it easy to adapt to the altered course just yet. Mrs England Universe 2014 and director Curryclasses and Dressmart Sandhya Aiyer Oza has a strong opinion of the change as she avers, “Brexit is a leap in the dark! It’s a big step towards uncertainty and a political campaign based on lies where the effects will take time to unleash. It is impossible to access the impact it will have on Britain’s international relations like the US and India yet, but it will be felt sooner than we know. Indian students who are planning to move to the UK for higher studies will benefit from it as the plunge in the Pound will make remittances cheaper for financing Indian students.”

Bengaluru boy Sujit Kapur, a stock broker based in London believes, “The step which the EU has to take to recover the strength of its roots is a step of creativity and healthy ‘separation’; that is, to give more independence, more freedom to the countries of the EU, to think of another form of union, to be creative in jobs in the economy.”

Another youngster from Bengaluru who is worried about Britain’s exit and its repercussions on Britain, EU as well as economies across the world is Jitpal Singha. The 25-year-old copywriter settled in London says, “It’s a really bad move for UK to step out of the EU! It has a direct implication that will affect all sectors in the UK including travel, business, leisure and FMCG. Although, we might not face any direct effects, India will benefit from the lower valuation of Sterling Pound. Some businesses and students on the other hand can reap benefit from this move.”

It will be a multiple-layered effect, although the transition might be slow. Sandeep Ramanand, account director, Tibco Software states it’s a game of wait and watch, “Although, it’s a little too early for anyone to predict, nobody knows what will happen. It all depends on the exit agreement Britain will have with the European Union on trade, immigration etc. I’m afraid that England’s supposed freedom will ultimately be its prison.”