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EU referendum pros and cons: Should Britain vote to leave Europe? On 23 June 2016, the UK settled the question that had rumbled under the surface of British politics for a generation: should the country remain within the European Union or end its 40-year membership and go it alone?
Or so it seemed when just under 52 per cent of voters opted for Brexit. Now, nearly two years later and more than halfway through the official departure process, argument about the pros and cons of leaving the EU - and what it means for the UK - continues. How did we get here? In 2015, the Tory Party’s general election victory activated a manifesto pledge to hold a referendum on the UK’s membership of the EU. David Cameron made the promise at a time when he was under pressure from Eurosceptic backbenchers and when the Conservatives appeared to be losing votes to UKIP. Having called the vote, Cameron embarked on a tour of EU capitals as he sought to renegotiate Britain’s terms of membership, but vowed to campaign with his “heart and soul” to keep Britain in the bloc. Trade. Brexit for Dummies: Everything You Need to Know About the EU Referendum.
In a historical European vote, Britain has voted to leave the European Union.
This vote also forced the current prime minister, David Cameron, to step down. Now, as Americans, you may be wondering why this is such a big deal and what this has to do with us. Well for one thing this decision will undoubtedly affect the global economy. Already, the British pound has fallen to its lowest level since 1985. Consequently, since the news was announced, US stocks have simultaneously plummeted. This will affect many global markets, which is why leaders such as President Obama have spoken out against the "Brexit. " The debate over whether or not to leave the EU has also mirrored much of the political debate happening in the United States. Now, if you’re paying attention, you’ve realized that this sounds awfully familiar. For us, yes this vote will affect the economy and our general dealing with Britain, but it also proves that you can never count out the ideas of the incredulous. Brexit: All you need to know about the UK leaving the EU.
Here is an easy-to-understand guide to Brexit - beginning with the basics, then a look at the negotiations, followed by a selection of answers to questions we've been sent.
What's happening now? The UK has voted to leave the European Union. It is scheduled to depart at 11pm UK time on Friday 29 March, 2019. The UK and EU have provisionally agreed on the three "divorce" issues of how much the UK owes the EU, what happens to the Northern Ireland border and what happens to UK citizens living elsewhere in the EU and EU citizens living in the UK. Talks are now moving on to future relations - after agreement was reached on a 21-month "transition" period to smooth the way to post-Brexit relations. What is the 'transition' period? It refers to a period of time after 29 March, 2019, to 31 December, 2020, to get everything in place and allow businesses and others to prepare for the moment when the new post-Brexit rules between the UK and the EU begin.
No. So is Brexit definitely happening? Yes.