In a provocative piece written by Liberal Democratic leader Vincent Cable in The Mail, the so-called Brexit disaster, as it is termed by many millennials, may reflect a growing generational divide between the elderly and the young in Britain.
As Cable himself elaborates, the decision by the baby boomers in the United Kingdom to exit Europe has “shafted” or given the worse end of the deal to their thirtysomething countrymen who elected to remain. The article continues to say that the earlier generation who had been born after the Second World War had been prompted by nostalgia and an identification with Great Britain’s “more Imperial” past. In contrast, the millennials and Gen-Xers who had wanted to remain with Europe are more comfortable with their overall relationship with the continent and see it as vital to the country’s growth and development.
What makes Cable’s piece controversial is that he says the pro-Brexit baby boomers were acting out of selfish interests. As reported by the BBC, this part of the electorate is composed of senior citizens above 60 years old and who are either retired or about to go into retirement. They have substantial pensions and savings to weather them through.
In contrast, the millennials who were openly anti-Brexit still have to grapple with current issues like unemployment, immigration, a struggling economy, terrorism—and they see that a viable partnership with Europe and continual membership in its European Union can help them address those issues.
The Guardian adds that these working young people, ironically, might have to shoulder the consequences of a Brexit which they did not want: Prime Minister Theresa May has said that her government is prepared to pay about L36 billion in order to form a new free trade agreement with Europe.
It would not be far-fetched to expect another backlash from the young people, entrepreneurs, and students to speak out against that deal and similar others. Shortly after the Brexit vote was counted, the Telegraph reported in 2016 that these angry voters took to social media to denounce what they felt were their elders’ “betrayal” of them. As the consequences of Brexit soon make themselves felt, with the latest generation of Britons shouldering the burden, the current divide between generations just might become more obvious—and potentially, divisive and volatile.
Pet cleanup charges take many travelers by surprise
From rental cars to hotels, the travel industry is now actively charging customers for pet cleanup expenses.
Agriculture markets rally as China looks at TPP compliance
China passed a law on Friday protecting foreign investments and investors. This had been a key demand from the US...
How the building envelope impacts your property investments
The building envelope is the barrier between indoor and outdoor environments. Here’s how it plays an important role in your...
What indicates the start of a bull market run?
Predicting the stock market is difficult. If it were easy, there would be a lot more millionaires in the world....
Boom and busts: Monetary inflation stemming from fractional-reserve banking
This was a constructive week for the Dow Jones, up 1.49 percent in the BEV chart.
- Sponsored2 days ago
White Label Liquid (WLAB) is the custom producer CBD investors should keep an eye on
- Featured5 days ago
Co-working: The office space trend that keeps expanding
- Entrepreneurship5 days ago
How to use Facebook Marketplace ads to quickly boost your income
- Entrepreneurship3 days ago
3 ways to improve your social media storytelling