As of June 23, the people of Britain have opted for a Brexit from the European Union. This means a lot for the local populace and the global market. It is also meaningful to travelers.

Here how it might impact you if you’re traveling in Great Britain in the near future.

What’s Brexit?

The word “Brexit” comes from a combination of “Britain” and “exit.”

A June 23 referendum election held in Britain to decide whether or not the country would stay or leave the European Union. The “leave” campaign surprised onlookers around the world by trouncing the other side.

The whole election happened because of  Prime Minister David Cameron.  He announced he would resign after the referendum election results came in.  Cameron promised he would hold a referendum if he was elected into office in 2015, mostly to appease the United Kingdom Independence Party. The last time Britain voted on staying or leaving the European Union was in 1975, when the “remain” faction won.

The European Union consisted, up until June 23, of 28 European countries forming a “single market” system in order to encourage trade rather than conflict. People and goods can move around the European Union as if they were from one country. The European Union has its own parliament and currency, the Euro, which is used by 19 of its members. Britain was not included among them.  

What were the arguments for and against Brexit?

Proponents of the Brexit argued benefits to Britain would be:

  1. Not having to pay into the European Union’s budget
  2. Freedom to establish its own trade deals with other world powers
  3. More control over its own affairs, free of European Union regulations
  4. The ability to control – or even prevent – immigration
  5. Reclaiming a national identity as independent and sovereign

Opponents argued its disadvantages would be:

  1. Losing free trade amongst European Union countries and other world powers
  2. Diminishing the image of the European Union as an investment opportunity – and therefore its investment value
  3. Losing the louder international voice the European Union affords
  4. Losing some of the positive changes that have come with increased immigration
  5. Losing many European Union-related jobs

What does it have to do with me?

If you travel

  1. British citizens will need passports to travel through other European countries, and if the European Union disintegrates further, this could lead to more strict border checks in many European countries
  2. New air service agreements – yet to be negotiated – may mean higher airfares around Europe
  3. The value of the British pound is plummeting, which means Britain may be a more affordable destination in the future – as long as you’re not also visiting the neighboring countries
  4. There may be higher mobile phone roving charges from country to country
  5. Without the EU’s anti-pollution standards Britain’s beaches could suffer

Brexit is a primary example of why it’s important to go prepared when you travel overseas.

Policy could affect your trip, stay and future plans.

Learn more to become a savvy traveler. always Depart Smart.