Brexit or Bremain – use your vote!

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Brexit or Bremain – use your vote!

With what feels like a lifetime of claims and warnings from British politicians and industry leaders based on the ‘what if’, whether we leave or remain in the European Union, everything has ramped up these past final days of campaigning with everything coming to a close today.

From the Flotilla on the Thames – Nigel Farage in one corner and Bob Geldof in the other, to the impassioned BBC debate on Tuesday evening, speculation has come to decision time. It’s been months of ups and downs. The Mayoral Election in the middle did not boost turnout confidence with a dismal 46% turnout, leading the government to do everything they can to make sure as many people as possible participate in this monumental decision.

Voter turnout has been in focus over the past month, particularly with the controversial registration extension following the crash of the registration website on 7th June. Clearly, the campaigning, scaremongering and debates have paid off as over 46 million British citizens are registered to vote in today’s EU referendum. However, it all depends on how many of our fellow 46 million registered voters will exercise their democratic right.

What has been clear, is the support the remain campaign has had from the property industry. Leading industry voices such as JLL’s EMEA chief Executive Guy Grainger focused on all the opportunities being part of the European Union brings British people, and 64.7% of property professionals said that leaving the EU would have a negative effect on business.

The most recent comment comes from Andy Street, Managing Director of John Lewis, who predicts a Brexit would prompt a hit to the retail property market. Amongst this, warnings have also been made by the Bank of England in fear of commercial property values falling and runs on property funds. Here at Innesco, we certainly feel we’d be stronger, safer and more secure remaining in Europe.

Whatever the outcome of today, make sure you are part of this historical referendum …and vote!

 

Emma Waldegrave, Account Executive

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