3. What is Brexit?
Brexit - British exit
–refers to the UK leaving the EU.
What is the European Union and its purpose ?
An economic and political union involving 28 European countries.
Allow free trade and free movement of people to live and work in
whichever country they choose.
The UK joined EU in 1973
The main purpose of the EU are to promote a greater social,
political & economic harmony among the nations of Western Europe.
4. Why is the UK leaving?
A public vote was held on Thursday 23 June
2016, to decide whether the UK should leave or
remain.
Leave won by 51.9% to 48.1%.
The referendum turnout was 72.2%
5. The Story of Brexit so far
Feb 2016: Prime minister says UK should be allowed to vote on EU
membership
Jun 2016: The day when adults in the UK voted to leave the EU
Mar 2017: The UK officially announces it is on its way out of the EU
Nov 2018: EU approves withdrawal agreement
Dec 2018: Theresa May wins vote to keep her job
Jan 2019: 432 MPs vote against Theresa May's Brexit deal
Feb 2019: Will Britain's exit from the EU be delayed until May?
Mar 2019: Theresa's May deal is rejected AGAIN
Mar 2019: Prime minister says she'll quit if deal is approved
6. April 10, 2019 : A new deadline of October 31 was approved but if a
plan is approved prior to that date, the extension would be terminated.
May 24, 2019: Prime Minister Theresa May announces her
resignation.
September 4, 2019: Parliament rejects the Prime Minister’s call for
new elections but did pass a bill forcing the Prime Minister to ask the
E.U. to delay BREXIT until January if there is no exit agreement.
September 10, 2019: Parliament is suspended (prorogation) for 5
weeks until October 14. On September 24th the Supreme Court of the
United Kingdom deemed the Order in Council ordering the prorogation
"null and of no effect".
7. •Immigration:
The main reason for Britain's exit form EU is the problem of immigration.
Any EU citizen can work in any member nation of EU.
Approximately, 1 million people migrated to Britain in large number.
•Loss of Employment And Employment Opportunities:
As due to immigration of low skilled people who will work for less salary, Britain's
citizens lost their employment and also resulted in reduction of salaries for British
people.
•Sovereignty:
Britain ruled many countries overall the Globe by making those countries
as British colonies in 19 & 20 centuries.
Even though there are no colonies and colonialism of Britain at present
It thought that the prestige of being sovereign power will be lost if it is under the
leadership of all EU member nations
Reasons for Brexit
8. •Syria and Iran Economic Crisis :
One of the reasons for BREXIT is that the Britain does not handle
well the economic crisis of Syria and Iran.
•Increased Terrorism and Low Economic Growth:
Increase of terrorist activities and attacks over all the EU member
nations has resulted in slowdown of industrial growth.
Being a member nation in EU, Britain cannot change some laws
without the majority in EU Parliament.
So this limited its scope of functioning towards what is needed in Britain, by
the British Parliament.
It resulted in a slowdown in Britain's economy.
9. Impacts of BREXIT on UKImpacts of BREXIT on UK
•Impact on Economy
Impact of Brexit could lead into lower GDP of 2.2% in 2030
Leaving the EU affected Foreign Direct Investment, immigration and
economic regulation in UK.
One in every ten UK jobs are linked to the trade with the EU.
Therefore Brexit affected their jobs directly or indirectly.
•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 puts all this at risk.
Four out of five UK small businesses say,, access to EU markets is important to their future
growth, in case of UK leaving EU, these small business might suffer losses.
The pound fell dramatically after the Brexit vote at the end of June. It then declined to a
three-yéar low against the euro following Theresa May's negotiations by the end of March
taking its fall from a pre-referendum rate of over 1.30 euros to a low of 1.09 euros in October.
10. Impact on Society
Being in European Union means lower prices for UK families, because it's
cheaper to trade and there's more choice. Since UK left the EU, the cost of
imports could rise by at least £11 billion leaving UK families out of pocket as
prices rise.
Independent experts estimate the benefits of being in the EU are worth
£3,000 a year to the average UK household - due to lower prices and more
jobs, trade and investment. These were all lost as UK left the EU.
12. What is the Brexit deal?
The rights of EU citizens in the UK and British
citizens in the EU
How much money the UK was to pay the EU
(widely thought to be £39bn)
The backstop for the Irish border
13. Why did Parliament reject the Brexit deal?
The main sticking point for many Conservative
and DUP MPs was the backstop.
Currently, there are no border posts, physical
barriers or checks on people or goods crossing
the border between Northern Ireland and the
Republic of Ireland. The backstop is designed to
ensure that continues after the UK leaves the
EU.
14. Could the UK leave with no deal?
Prime Minister Boris Johnson wants the EU to remove the backstop
from the deal. He wants "alternative arrangements" and technological
solutions instead.
But the EU has so far refused to change the backstop.
Mr. Johnson has said the UK must leave on 31 October, even if that
is without a deal.
