BRExit

ANUJ MALHOTRA
SAGAR YADAV
 European Union
Unique partnership between 28 European
countries.
Horror of WWII
1951-European Coal and Steel Community
1973- UK joined to the European Economic
Community
1993-European Union was formed.
 Purpose

Promote greater social, political and economic

harmony- free trade and nationalism
28 member countries
population of approximately 507.4 million people
Nominal GDP of about 14.3 trillion
 What is BRExit

Abbreviation of "British exit" that refers Britain's

withdrawal from the European Union.
Interference of European Union.
UK tax payers money goes directly into European
Union, 14.5 billion a year.
European Union regulations cost UK businesses
over 600 million every week.
 Post-modern Reasons

Immigration
Sovereignty
 Result of Referendum

England 53%-47%
Northern Island 44%-56%
Scotland 38%-62%
Wales 53%-47%
Change of PM
Implications on Economy
Initial Shock on Currency
Change in Credit Rating
Effect on share market
 What next?

Theresa Mays speech

Notifying EU through Article 50
Remaining 27 EU countries to discuss
Veto of members
STEPS TO UK
LEAVING EU
Who wanted the UK to leave
the EU?
UK INDEPENDENCE PARTY
HALF OF CONSERVATIVE PARTY MPs
BORRIS JOHNSON AND 5 MEMBERS OF THEN
CABINET
NORTHERN IRELAND PARTY AND HANDFUL
LABOURS
What were their reasons
for wanting the UK to
leave?
TOO MANY RULES & REGULATIONS ON BUSINESS
BILLIONS POUNDS FOR MEMBERSHIP FEES AND
LITTLE IN RETURN
UK TO HAVE FULL CONTROL OVER THERE BORDERS
TO CONTROL IMMIGRATION
Who wanted the UK to
stay in the EU?
THEN PRIME MINISTER DAVID CAMEROON
BACKED BY THEN US PRESIDENT BARRACK
OBAMA
OTHER EU NATIONS SUCH AS FRANCE AND
GERMANY
What were their reasons
for wanting the UK to
stay?
Those campaigning for Britain to stay in the EU
said it gets a big boost from membership - it
makes selling things to other EU countries easier
and, they argued, the flow of immigrants, most of
whom are young and keen to work, fuels
economic growth and helps pay for public
services.
They also said Britain's status in the world would be
damaged by leaving and that we are more
secure as part of the 28 nation club, rather than
going it alone.
What about businesses?

Big business venture - with a few exceptions -

tended to be in favour of Britain staying in the EU
because it makes it easier for them to move
money, people and products around the world.
Given the crucial role of London as a financial
centre, many jobs are prone to be lost to other
hubs in the EU.
INCREASED CRIME RATES
AFTER REFRENDUM
SENTIMENTS OF OTHER
MEMBERS AFTER BREXIT
 The UK's future?

The Brexit vote will fuel concerns in Westminster that the future of the
United Kingdom is now in serious doubt.
The Scots warned during the campaign that if - as has happened - the
UK overall voted to leave the EU but Scots voted to remain, Scotland
would be taken out of the EU "against its will" and this could be the
trigger for another independence vote.
Senior SNP figures have said the vote shows Scotland sees its future in
the EU and the issue of its own constitutional status could be revisited.
First Minister Nicola Sturgeon has said the issue is now back "on the
table" while her predecessor has gone further, saying a second vote
could take place within the next two and a half years, depending on
how long it takes the UK to depart.
There are also concerns in Northern Ireland about the implications of
the Brexit vote for its relationship with the Republic of Ireland. Remain
campaigners warned that a Brexit vote could herald the return of
"hard" border controls between the North and South. The Irish
government has said the future of the border is one of a number of
priority issues in its contingency planning.
Sinn Fein has called for a vote on the reunification of Ireland but this has
been rejected by the UK government.
THANK YOU