Brexit: what do we need to know?

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The Backstory:

The vote for Brexit was held on the 23rd of June 2016 this was when David Cameron was prime minster. The result of the Brexit vote was: 53.4% to leave the EU and 44.2% to remain in the EU. Over 30 million people voted for a result of Brexit. Over a month later David Cameron resigned, Theresa May (the current prime minster) was elected as the new Conservative Party Leader. This meant she was the 2nd female prime minster - after Margaret Thatcher.

When is the UK set to leave the EU?

The Uk are supposed to leave the EU on the 29th of March at 11pm. A European court has ruled that the Uk can decide to halt the process and stay in the EU at any time up to the deadline. Alternatively, the process can be extended if all 28 EU members agree with the Uk. At the moment all sides are focusing on the key date which is the 29th of March.

What if we leave with no deal?

If there is no deal, the government fears this would cause significant disruption to businesses in the short-term. Food retailers have warned of shortages of fresh produce and the NHS is stockpiling medicines, in case supplies from EU countries are interupted. Government minsters and multinational companies with factories in the Uk have also warned about the long-term impact on the British economy.

What is happening now?

Mrs May is trying to get a better deal with the EU. She wants to get changes to the legal text that she made with the 27 other members of the EU. MP's held a series of vites on January 29th on potential changes to her deal. Most - including a bid to delay brexit to prevent a no-deal departure - were defeated.

Many MP's wanted to rule out the terms of a no-deal Brexit, but it was inoperative and Mrs May repeated ,on numerous occasions, that the only way to ensure no deal is to back a deal.

Glossary:

EU - European Union

Economy -the state of a country/ region in items of the consumption of goods

(P.S I highly recommend this post to people who do not know much about Brexit, also for people seeking more information about this topic).

- harmonious_seahorse

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