Brexit: The United Kingdom's Exit from the European Union

Background and Causes

The term "Brexit" refers to the process of the United Kingdom's withdrawal from the European Union. The decision to leave the EU was largely driven by concerns about sovereignty, immigration, and economic regulation.

Process and Timeline

In 2016, the British public voted in a referendum to leave the EU. Following negotiations, the UK formally triggered Article 50 of the EU Lisbon Treaty in March 2017, initiating the two-year process of withdrawal. In December 2020, the British Parliament approved a trade deal with the EU, paving the way for the UK's exit on January 31, 2020.

Consequences and Impact

Brexit has had significant consequences for the UK both domestically and internationally. The UK's economy has been affected by changes in trade and investment, leading to fluctuations in currency value and disruptions in supply chains. Furthermore, the UK's relationship with the EU has been strained, with ongoing discussions over trade, security, and future cooperation.