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    What Is BREXIT?

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    yash nigam
    Brexit refers to the UK's decision in a 2016 referendum to leave the European Union. Prime Minister David Cameron promised the referendum in an attempt to appease euroskeptics within his own party. Those in favor of remaining in the EU included Cameron, the Bank of England governor, and former prime ministers. Supporters of leaving included the mayor of London and the leader of the UK Independence Party. The UK has two years to negotiate its exit from the EU before it must formally leave the bloc.

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    What Is BREXIT?

    Uploaded by

    yash nigam
    82 views3 pages
    Brexit refers to the UK's decision in a 2016 referendum to leave the European Union. Prime Minister David Cameron promised the referendum in an attempt to appease euroskeptics within his own party. Those in favor of remaining in the EU included Cameron, the Bank of England governor, and former prime ministers. Supporters of leaving included the mayor of London and the leader of the UK Independence Party. The UK has two years to negotiate its exit from the EU before it must formally leave the bloc.

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    impact of brexit

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    BREXIT

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    Brexit refers to the UK's decision in a 2016 referendum to leave the European Union. Prime Minister David Cameron promised the referendum in an attempt to appease euroskeptics within his own party. Those in favor of remaining in the EU included Cameron, the Bank of England governor, and former prime ministers. Supporters of leaving included the mayor of London and the leader of the UK Independence Party. The UK has two years to negotiate its exit from the EU before it must formally leave the bloc.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    82 views3 pages

    What Is BREXIT?

    Uploaded by

    yash nigam
    Brexit refers to the UK's decision in a 2016 referendum to leave the European Union. Prime Minister David Cameron promised the referendum in an attempt to appease euroskeptics within his own party. Those in favor of remaining in the EU included Cameron, the Bank of England governor, and former prime ministers. Supporters of leaving included the mayor of London and the leader of the UK Independence Party. The UK has two years to negotiate its exit from the EU before it must formally leave the bloc.

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    © All Rights Reserved
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    What is BREXIT?

    Brexit is an abbreviation for "British exit,” similar to “Grexit” that was used for many years to
    refer to the possibility of Greece leaving the Eurozone, referring to the UK's decision in a
    June 23, 2016 referendum to leave the European Union (EU).

    Description: Why the Call for Referendum? 

    When David Cameron became the prime minister of Britain in 2010 as head of a
    Conservative Liberal Democrat coalition, he had to withstand pressure about a Europe vote
    from the pro-exit UK Independence Party and from restive euro sceptics in his own party.
    Finally, in 2013 he promised an in-out referendum on EU membership if the Conservatives
    won the 2015 election. He secured an absolute majority in 2015 and hence the referendum. 

    Who is Against Brexit? 

    1) David Cameron – PM, Britain 

    2) Mark Carney – Governor, Bank of England 

    3) George Osborne – Former Chancellor of the exchequer, Britain 

    4) John Major, Tony Blair and Gordon Brown – Former British PMs 

    5) Barack Obama – President of the United States 

    Who is favouring Brexit: 

    1) Boris Johnson – London Mayor 

    2) Nigel Farage – UKIP leader, UK 

    3) George Galloway – Respect party leader, UK 

    4) Michael Gove – Justice Secretary, UK 

    5) Vladimir Putin – President of Russia


    How long will it take for Brexit to happen?
    After it is triggered, the UK will have exactly two years to negotiate a new settlement
    before it has to leave. Complexed trade deals often taken much longer to negotiate –
    with a trade deal between Canada and the EU currently seven years in the making.

    European Union
    The European Union (EU) is a political and economic union of 28 member
    states that are located primarily in Europe.  It has an area of
    4,475,757 km2 (1,728,099 sq. mi), and an estimated population of over 510 million.
    The EU has developed an internal single market through a standardised system of
    laws that apply in all member states. EU policies aim to ensure the free movement of
    people, goods, services, and capital within the internal market,[13] enact legislation in
    justice and home affairs, and maintain common policies on trade,[14] agriculture,
    [15]
     fisheries, and regional development.[16] Within the Schengen Area, passport
    controls have been abolished.[17] A monetary union was established in 1999 and
    came into full force in 2002, and is composed of 19 EU member states which use
    the euro currency.

    Britain and The European Union


    Since the foundation of the European Communities, the United Kingdom has been
    an important neighbour and is currently a major member, until its withdrawal.
    Research shows that the United Kingdom's membership of the European Union has
    contributed to higher incomes, played an important role in stopping British economic
    decline during the 1950s and 1960s, and has increased trade and reduced trade
    costs.

    Brexit impact on India: Can


    opportunities outweigh risk?
    On March 29, 2017, the UK government formally initiated the process of
    the country’s exit from the European Union (EU). While this negotiation
    might go in different directions, the general hope is that the net effect of
    Brexit might transpire to be positive for India.

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