I am disappointed by some of the reactions here (nordicwarrior, Sile, Aaron1981, Maleth, Yetos), but it is not surprising from people who aren't British, haven't lived in Britain and do not have any personal tie to the country. I should have mentioned from the start where I stand personally and emotionally. I am Belgian, but I have studied and lived in England and still spend about a third of my time in the country. I have family and friends in England. I have followed the Brexit debate attentively for the last few months, most of the time from England itself, and I am as flabbergasted as most Londoners and most of the political class by the results of the referendum, especially when all opinion polls had the Remain camp winner.
I started this website 12 years ago as a travel guide to England and Belgium. I personally feel more British than Belgian and have considered in the past adopting British citizenship. I didn't because as an EU citizen that wouldn't change much. I was happy dividing my time between England and Belgium. Now, if the UK or just England and Wales are to leave the EU, it would change everything and that would make me reconsider my whole life and my future.
More importantly, I don't think that the EU can survive in the long-term without Britain. Even if it did, it wouldn't be the European Union as I have always known it. I think that the closest analogy for an American to understand how it would feel would be if the states of New England and New York were to declare their independence from the rest of the USA. Surely the USA would survive, but it wouldn't be the same country anymore, for ever.
Just like New York in the US, London is Europe's largest city, its financial capital, its most cosmopolitan city, and in my eyes also its cultural capital (I know many southern Europeans might disagree, but that's how most northern Europeans see it). The EU without London is no better than the US without New York.
Additionally English is one of the three working languages of the EU (along with French and German), and the only real lingua franca between Europeans, including in the EU neighbourhood in Brussels. It would feel very odd for EU workers from now on to discuss in English if England isn't part of the EU anymore. It would be a daily reminder of that tragic Brexit.
It's not just politicians who have warned that Brexit would be terrible for the British economy. All serious newspapers and news sites, from the Economist to the Financial Times, and from the BBC to the Guardian, all agreed on this. It would be a major blow to British scientific research, which produces 6.9% of global scientific output and represent
a third of all of the EU's scientific researchers.
If the UK leaves the EU without joining Schengen, it would be catastrophic for the 3 million Europeans living in the UK and 1.3 million Britons living in the EU. Most might be force to leave the place where they have made their life, leaving behind their house, friends, country of adoption... I can't imagine such a scenario.
Leaving the EU will affect th daily life of British citizens in many more ways, as explained here by
Mashable and
the Guardian, for example. The worst would be the property crash that will ensue if the 3m EU citizens in the UK are forced to leave. This will effectively wipe out a lot of money directly out of British people's pockets (home valuation). The financial sector in London, the heart of the British economy is expected to drop by about 10%. The simultaneous crash of properties and financial services will lead to a recession that could be worse than that of 2008, and with no EU to help recover this time.
Britain would also lose numerous benefits from the EU, including consumer protection, temporary workers' rights, maternity leaves, environmental protection (ban on dangerous chemicals and pesticides), agricultural subsidies (£27bn annually), and so on.