More People Are Regretting Voting For Brexit


A new survey from the British Election Study suggests more British citizens are regretting voting to leave the European Union. The number of "Leave" voters who either regret or aren't sure of their decision is now greater than the margin of victory that Brexit won by.

Many Britons voted to leave the EU as a form of protest against the political elite, Business Insider reports. Others who voted in June were completely misinformed about the consequences of leaving the single market system. Most people thought their vote wouldn't count and were genuinely surprised when the referendum to leave the EU passed.

Of those who voted to leave the EU, 6 percent now regret their decision, according to The Economist. An additional 4 percent of people are unsure if they regret voting to leave. To put these numbers in perspective, if the referendum were held again in October 2016, and those who regret casting "leave" now voted to remain, Brexit would have never happened. 

Most regretful voters say they voted to leave only because they thought their vote wouldn't count, according to The Economist. They were lured in by propaganda telling them to vote "leave" to go against elitist experts that allegedly claim to know what they were talking about. Justice Secretary Michael Grove said during a campaign for Brexit that the citizens of Britain have "had enough of experts," and much prefer to listen to the opinions of ordinary people. 

Although Grove's comments proved to be correct, and Brexit was able to pass by a slim margin, many citizens now wish they had listened to the political elites and experts they once hated. The consequences of leaving the a single market system and an uncertain British financial market are putting citizens in a state of unease, wondering if they should have cast their vote differently.

British politicians will now have to navigate new territory to find the country's place in the world trade market as an entity separate from the EU. Britain currently has trade agreements in place with 50 countries. Once the country officially exits the EU, politicians will have to renegotiate all of them. The Economist reports that the new trade agreements will most likely be less favorable to Britain and subject all exports to tariff and nontariff barriers.

Although the real financial impact of Brexit won't make itself known for another two years, when the trade negotiations officially start, it's clear British citizens aren't optimistic about the future they voted for.

Sources: Business Insider, The Economist (2) / Photo credit: Hakon07/Flickr

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