A short description on Brexit

2. MEANING
 As the word Suggest BREXIT= “Britain” and “Exit”.
 Withdrawal of the United Kingdom from the European Union.
 A REFERENDUM was held on 23th June, 2016 in which 17 million people
voted.
YES – 51.9%
NO – 48.1%
EUROPEAN UNION
The EU is a unique economic and political partnership between 28
European countries that together cover much of the continent.

3. WHY??
• The interference of European Union.
• They believe Britain is being held back by the EU, which they say
imposes too many rules on business and charges billions of pounds a
year in membership fees for little in return.
• They also want Britain to take back full control of its borders and
reduce the number of people coming here to live and/or work.
• The UK tax payers money goes directly into European Union, £ 14.5
billion a year.
• The European Union regulations cost UK businesses over £ 600
million every week

5. IMPORTANCE OF BREXIT
• For a European country: A Brexit will change the world. Economically, half of the UK's
exports go to the EU while over half of its imports come from the rest of the Union. A Brexit will
mean all that will undergo a fresh negotiation. In external affairs, too, the UK has been a big
player in the EU. Its exit will mean the EU loses a heavyweight.
• For a NATO member country: The UK is a country which makes major military expenditure
after the US. Without it, the EU will be a less powerful entity.
• For the US: The US is a major partner of the UK---be it in terms of trade or military. The UK's
exit from the EU and the subsequent weakening of the EU will not be a great news for the US and
its scheme of things like war against terrorists and tyrants.
• For other countries: The UK is the fifth largest economy in the world and its exit from the EU
could leave the market uncertain. Some countries could face advantage in exporting goods to the
UK for the strict EU laws will not be applicable any more but what if the post-Brexit government
in the UK pursues strict immigration laws and import policies.

6. IMPACTS
• Economic Impacts : Impact of Brexit could lead into lower GDP of 2.2% in
2030 or hopefully lead into higher GDP of 1.6%.
• Impact on currency : The Sterling Pound is falling against all major
currencies.It was down by 2% against US Dollar and hit the lowest since
2009. It’s dropped 1.3% lower against the Euro.
• Impact on Trade : Trading freely with the EU allows UK businesses to
grow. Being able to trade freely with the EU helps UK businesses grow and
create jobs . Therefore, leaving EU might put all this at risk.
• Impact on Society : Being in European Union means lower prices for UK
families - because it's cheaper to trade and there’s more choice. If UK left
the EU, the cost of imports could rise by at least £11 billion leaving UK
families out of pocket as prices rise.

7. Impact of Brexit on India
• UK always has been access point for business for Indian companies,
being able to do business in UK also provide access to the European
companies. After Brexit this window will get close
• India exports to Britain at 17.66% of the total exports, which
includes textiles, clothing , machinery, Jewellery etc, this export rate
might decrease after Brexit.
• UK has always acted as a gate pass for Indian companies to access the
European companies. The total trade stood at $14.02 billion in FY16,
out of which $8.83 billion was in exports and $5.19 was in imports.

8. Would Britain be better in or out?
 BRITAIN HAS 2 OPTIONS:
The UK will no longer have to accept “free movement
from people” from Europe if this country leaves EU single
market.
But EU has said that Britain will have to allow the free
movement of EU workers if it decides to stay in the single
market.
 Article 50, the formal mechanism for Britain to leave the EU, will be
triggered by the end of March 2017, Theresa May the PM of UK has
stated.

9. THANK YOU