....Still on BREXIT and BREMAIN
My Chat with Kennedy on Bremain and Brexit,the New words in our English Vocabulary
By Femi Alufa
DEFINITION of 'Bremain'
Bremain is an abbreviation of "British Remain", which refers to the June 23, 2016 referendum by British voters who voted to Remain part of the European Union. The referendum, which ended with Britain voting to leave the EU shook markets, including currencies, causing the British pound to fall to its lowest level 30 years. Prime Minister David Cameron, who supported the UK remaining in the EU announced he would step down in October 2016.
BREAKING DOWN 'Bremain'
The Bremain people who supported Britain remaining in the European Union believed the economic effect of Britain leaving would be severe and cutting ties with close neighbors and then having to renegotiate trade agreements would put Britain in a position of weakness and cause great harm to its economy. The EU accounts for 48% of U.K. exports and 51% of its imports.
The two leaders of the Bremain campaign were Prime Minister David Cameron and Chancellor George Osborne. Prior to the vote, Chancellor Osborne predicted that an exit from the EU would result in GDP falling 3.6%. He referred to it as a "DIY Recession.
BRITISH VOTED FOR BREXIT:
MY CHAT WITH KENNEDY,a Nigerian- Londoner, Brother and Friend .
Femi:Hello Kennedy do you voted for Bremain or Brexit?
Kennedy: We vote for exit
Femi: Hope Brexit will not have negative effect on the British economy and affects the non citizens?
Kennedy: We want Great Britain again, we don't want Europe Britain ,for the citizens that live in England,they have nothing to worry about expect the people that work within the European Union who are not citizens,With the economy everybody was still thinking of it but Bank of England said they have prepared for it.
Femi: What's the benefit of Brexit?
Kennedy:The British who voted for Brexit found out that Asian countries like China markets will be good for them,that is the reason they want to leave and still control people that come in and go out their own economy and their country without EU interference.
Femi:Thank you Kennedy for the piece of information about the recent development in the world today,especially in Europe.
Kennedy: You are welcome sir.
Remember that Brexit is the opposite of Bremain,Brexit means" British exit", Britain voted for Brexit to Leave the European Union (EU)in that historic referendum last month June.
© 2016, FEMI ALUFA POST,with additional information from the Investopedia, LLC.

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