BREXIT
The European Union - often known as the EU - is an economic and political partnership involving 28 European countries. It began after World War Two to foster economic co-operation, with the idea that countries which trade together were more likely to avoid going to war with each other.It has since grown to become a "single market" allowing goods and people to move around, basically as if the member states were one country. It has its own currency, the euro, which is used by 19 of the member countries, its own parliament and it now sets rules in a wide range of areas including on the environment, transport, consumer rights and even things such as mobile phone charges.
Brexit is derived from two words: Britain and Exit indicating the exit of Britain from European Union. In June 2016, Britain voted in favour of a referendum to exit the European Union.For the UK to leave the EU it had to invoke Article 50 of the Lisbon Treaty which gives the two sides two years to agree the terms of the split. Theresa May triggered this process on 29 March, 2017, meaning the UK is scheduled to leave at 11pm UK time on Friday, 29 March 2019.
The main point of having a deal between the UK and the EU is to ensure as smooth as possible an exit from the EU for businesses and individuals - and to allow time for the two sides to hammer out a permanent trading relationship. If no deal is finalized, it will be called no-deal Brexit
The European Union - often known as the EU - is an economic and political partnership involving 28 European countries. It began after World War Two to foster economic co-operation, with the idea that countries which trade together were more likely to avoid going to war with each other.It has since grown to become a "single market" allowing goods and people to move around, basically as if the member states were one country. It has its own currency, the euro, which is used by 19 of the member countries, its own parliament and it now sets rules in a wide range of areas including on the environment, transport, consumer rights and even things such as mobile phone charges.
Brexit is derived from two words: Britain and Exit indicating the exit of Britain from European Union. In June 2016, Britain voted in favour of a referendum to exit the European Union.For the UK to leave the EU it had to invoke Article 50 of the Lisbon Treaty which gives the two sides two years to agree the terms of the split. Theresa May triggered this process on 29 March, 2017, meaning the UK is scheduled to leave at 11pm UK time on Friday, 29 March 2019.
The main point of having a deal between the UK and the EU is to ensure as smooth as possible an exit from the EU for businesses and individuals - and to allow time for the two sides to hammer out a permanent trading relationship. If no deal is finalized, it will be called no-deal Brexit
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