What is BREXIT - Full Explained

What is BREXIT ?

BREXIT  the word is making from the words Britain And Exit which are mixed and make BREXIT, that means Britain Exit. But now question is Britain Exist from where ? The ans tthey exit from European Union. At first you must know Britain’s area.  Britain makes England, Scotland, Wales And Northern Ireland. Where England, Scotland, and Wales make Great Britain. But all Great Britain’s countries and Northern Ireland make UK (United Kingdom).

Now question is what is EU ?

Eu full form is European Union. Where 28 countries are involving for trading together and go every place whiteout visa, and every European Union countries people live in 28 countries without any permission.
Basically it is called “Single Market “ which is allowing goods and people to move around. At first it is called economic union but in 1993 it converted into European Union. Which has their own currency called Euro which most of European Union countries continue with the same currency.  They have a permanent also.
Now some countries are not including EU. Just like Norway, swizarland, Ukraine.

History :

UK joined in the European Union Economic Economic Community in 1973. Some politicians of UK submit referendum in 1975 for should they part of UE or not?  Major vote is yes so UK part of EU. Then 2014 UKIP won parliament election and again submitted file of referendum and now major vote of exit Britain of EU which is applying conservatives party.

Why Britain demand for exit? 

1. EU Charges billions of pounds a year in membership fees for little in return
2. Too much red tape
3. Robs members of control over their own affairs (Law making power)
4. Immigration addicting UK hard
5. Britain could reinvent itself as a singapore (style supercharged economy)

Why Britain should stay? 

1. Selling things to other EU easier
2. Flow of immigrants, most of whom are young and keen to work fuels economic growth
3. More secure as part of the 28 nation club
4. Bargaining power at world table
5. Business easier for them to move money, people and products.

The Referendum

A vote in which everyone of voting age can take part was held on Thursday 23 June where UK should leave in the EU.  More than 72% ( 30 million people)  voted Where 51.9% people voted for leave and 48.1% people vote for remain.

What next? 

1. Article 50 of Lisbon treaty of EU
2. Two years notice period for withdrawl
3. David Davis (secretary of state) for BREXIT
4. Law framed in 2009 (never used)
5. Referendum not legally binding ( just an opinion poll)
6. Uncertain path and future.

How Britain will leave EU? 

They can apply deal or no deal policy for leaving EU. If UK applying no deal then they don’t deal any type policy and totally leave from EU. In no deal UK trading business  the rules of World Rules just like India Us , India and other countries.  In no deals If UK pay taxes for trading in EU countries. If they apply deal policy then also they faces soft deal policy and hard deal policy. In hard deal UK don’t part of EU ‘s single market. But in hard deal UK pay taxes but less then other countries. In softball deal they pay taxes of the rules of World wide.

Problem :

Hard deal cancelled by EU.  And UK Perlamant cancelled No Deals policy of Theresa May.

What is BREXIT