The document discusses Brexit and its impacts. It begins with definitions of the European Union and Brexit. It then discusses the history of the UK's membership in the EU, including a 1975 referendum to remain. A 2016 referendum was held where voters chose to leave the EU. Brexit has led to economic impacts like lower GDP and job losses. It has also impacted UK trade and society through issues like rising costs and loss of benefits. India has been impacted through relocations of businesses and uncertainty around new UK policies. In conclusion, Brexit has damaged EU economic development and caused political issues.

1. AND EUROPEAN UNION

2. CONTENTS
• Introduction
oWhat is European Union?
oWhat is BREXIT?
• History
• Reasons
• 2016 Referendum
• Impacts of BREXIT
oImpact on Economy
oImpact on Trade
oImpact on Society
• Impact of BREXIT on INDIA
• Conclusion

3. What is European Union?
 The EU is a unique economic and political partnership
between 28 European countries that together cover much of
the continent.
 It was formed in 1993 for the purpose of achieving political
and economic integration.
 The fundamental purposes of the European Union are to
promote greater social, political and economic harmony
among the nations of Western Europe.

4. What is BREXIT?
 Brexit is an abbreviation for "British exit," referring to the UK's
decision of leaving the European Union (EU).
BRITISH + EXIT=BREXIT
 The decision was proposed in June 23, 2016 referendum.

5. BORIS JOHNSON “Former London
Mayor”
One of the famous person who supported BREXIT

6. Reasons for declaration of BREXIT
 EU threatens British sovereignty.
 The EU strangling the UK in burdensome regulation.
 The EU allows too many immigrants.
 UK could have a more rational immigration system outside the
EU.
The UK could keep the money it currently sends to the EU.

7. 1975 REFERENDUM

8. History
 1975 Referendum
• In 1975 the United Kingdom held a referendum in which the electorate
was asked whether the UK should remain in the European Economic
Community (EEC).
• All of the major political parties and mainstream press supported
continuing membership of the EEC.
• Since the cabinet was split between strongly pro-European and
strongly anti-European ministers, Harold Wilson suspended the
constitutional convention of Cabinet collective responsibility and
allowed ministers to publicly campaign on either side.

9. Outcome of 1975 Referendum
Yes Votes Yes(%) No Votes No(%)
17,378,58
1
67.2 8,470,073 32.8
On 5 June 1975, the electorate were asked to vote yes or no on the
question:
"Do you think the UK should stay in the European Community
(Common Market)?" Every administrative county in the UK had
a majority of "Yes", except the Shetland Islands and the Outer
Hebrides.
In line with the outcome of the vote, the United Kingdom
remained a member of the EEC.

10. Reason of BREXIT
 To make stronger trade deals with other nations.
 To control our national borders.
 To restore Britain’s special legal system.
 To improve the British economy and generate more jobs.
 To make major savings for British consumers.
 To restore British customs and traditions.

11. 2016 REFERENDUM

12. 2016 Referendum
 On June 23rd 2016 the UK voted in a referendum to leave the
European Union.
The votes were counted in eight locations in Northern Ireland but
collated and declared as one result.
Prime Minister David Cameron resigned the morning after the vote on
24th June.
A few weeks later ,Theresa May was elected as the leader of the
conservative party and new Prime Minister.

13. IMPACT OF BREXIT ON
UK

14. Impacts of BREXIT on UK
 Impact on Economy
oImpact of Brexit could lead into lower GDP of 2.2% in 2030 or
hopefully into higher GDP of 1.6%.
oLeaving the EU also affected Foreign Direct Investment, immigration
and economic regulation in UK.
oOne in every ten UK jobs are linked to the trade with the EU. Therefore
Brexit affected their jobs directly or indirectly.

15.  Impact On Trade
oTrading 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.
oFour 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.
oThe pound fell dramatically after the Brexit vote at the end of June. It
then declined to a three-year low against the euro following Theresa
May's announcement that the UK would begin formal Brexit
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.

16. Impact on Society
oBeing 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.
oIndependent 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.

17. IMPACT OF BREXIT ON INDIA

18. Impact of BREXIT on INDIA
 Many Indian businesses have their offices in Britain so they can
avail benefits and continue to remain a part of the EU.
But with Brexit, this benefit will be taken away and may result
in companies relocating their business set ups to other places.
 Brexit might also have a positive effect, but these results may
not show up immediately. The process might take time
considering that the new government will take time to design
and implement their policies.

19. Conclusion
 There were 17.4 million votes for “leave” (51.9%).
 There were 16.1 million votes for “remain”(48.1%).
 “Leave” won the highest share of the vote in England and Wales.
 “Remain” won the highest share of the vote in Scotland and Northern Ireland.
 Finally we come to the conclusion that BREXIT has damaging effects on the economic
development in the entire EU.
 It also caused some severe political damage and weakened Europe geopolitically.

20. THANK YOU
Group Members
Trinayan Borah (DC2016BTE0111)
Abhijit Dey (DC2016BTE0174)
Marlom Bey (DC2016BTE0195)
Paonam Govind Das Singh (DC2016BTE0236)