Brexit refers to the UK's planned withdrawal from the EU following a 2016 referendum where 52% voted to leave. The UK has divided opinions on Brexit, with the 'leave' camp arguing against EU immigration policies and the 'remain' camp concerned about potential economic repercussions. The process of leaving involves invoking Article 50 of the EU treaty, which requires negotiations among all member states and approval of terms, potentially leading to a protracted exit process.

1. BREXIT
Presented by
KIRUTHIKA M

2. WHAT IS BREXIT?
Brexit is the United Kingdom's planned withdrawal
from the European Union following an advisory
referendum held in June 2016 in which 52% of votes
were cast in favour of leaving the EU.
"Brexit" is a portmanteau of the
words Britain and exit.

3. WHAT IS EUROPEAN UNION?
During World War II, a community for trade and
economic cooperation was formed among European
countries based on the wisdom that countries that
trade with each other are less likely to go to war.
The concept of the European Union has evolved
dramatically over the last six decades.

4. Member states have since joined together to form a
“single market” which allows citizens to move across
the continent freely.
The EU currently consists of 28 countries.
The body has its own parliament and laws, plus a
currency that adopted 19 member states.

5. WHY BREXIT?
The United Kingdom (UK) is divided into two camps:
Leave and Remain.
Reasons of Remain camp:
Economy:
Britain’s imports from EU states
exceed its exports, enjoying tariff-free trade, and is
likely to face an economic shock if it opts to break
away.

6. Reasons of Leave camp:
The Leave camp’s strongest argument is EU’s
“unfair” immigration regime, which makes it easier
for low-skilled workers from member states to settle
in the UK than their counterparts from other countries.
The Leave camp argues higher immigration pushes
down wages by increasing the supply of workers,
leaving fewer opportunities for British citizens.

7. Employers from banking sector to automobile
industry have warned about unemployment in non-EU
UK.
Britain’s currency is expected to tumble right after
the Britain decides to leave, and will fall to the
levels last seen 30 years ago. as per economists.
The “Out” campaign, however, says a fall in the value
of the pound would boost exports and has found
support among some financial specialists.

8. VIEW OF GLOBAL LEADERS
ABOUT BREXIT
The British Prime Minister David Cameron, though in
the Remain camp, vowed a referendum to hear the
British opinion in his 2015 election campaign.
He stated, “It is time for the British people to have
their say. It is time to settle this European question in
British politics.”
He resigned after majority of people voted to leave
EU.

9. Foreign leaders, from U.S. President Barack Obama
to Chinese leader Xi Jinping, have called on Britain to
remain in the EU, a message supported by global
financial organisations, many company bosses and
central bankers.
IMPACT OF BREXIT IN ASIA:
Britain`s shock decision to leave the European Union
will not cause damage to developing Asia`s
economies, the World Bank announced recently.

10. PROBLEM OF SCOTLAND
Scotland's First Minister Nicola Sturgeon warned
British Prime Minister Theresa May of holding an
independent referendum if Scotland's vote
against Brexit is "not respected".
Independent referendum is to get independence from
UK and becoming a separate country if UK is leaving
from EU.

11. WHAT IS ARTICLE 50?
The Treaty of Lisbon, signed in December 2007, is the
European Union's most recent constitution and Article
50 makes provision for countries that want to leave.
It sets out the exit process but is deliberately vague.
Immediately after Article 50 is invoked, a two-year
window begins during which Britain will be expected
to enter talks on plans for its relationship with the rest
of the Union post.

12. But it's not all smooth sailing – all 28 member states
have to unanimously agree to the terms of a deal
meaning the negotiations could take years.
The Article 50 process is a divorce: who gets the
house, who gets the kids, who gets the bank accounts.

13. INVOKING ARTICLE 250
On November 3, Theresa May's proposed her idea to
invoke Article 50 before March 2017.
The High Court ruled the Prime Minister did not have
the power to trigger two-year exit process Article 50
before a vote in Parliament.

14. THANK YOU