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Brexit ( / ˈbrɛksɪt, ˈbrɛɡzɪt /; [1] portmanteau of "British exit") was the withdrawal of the United Kingdom (UK) from the European Union (EU). Following a referendum on 23 June 2016, Brexit officially took place at 23:00 GMT on 31 January 2020 (00:00 1 February 2020 CET ).
In October 2021, the UK government's Office of Budget Responsibility calculated that Brexit would cost 4% of GDP per annum over the long term. [50] 4% of 2021 UK GDP is the equivalent of a £32 billion cost per annum to the UK taxpayer. [51] After rebates, the UK's EU membership fee in 2018 was £13.2 billion.
v. t. e. Brexit was the withdrawal of the United Kingdom from the European Union at 23:00 GMT on 31 January 2020 (00:00 1 February 2020 CET ). As of 2020, the UK is the only member state to have left the EU. Britain entered the predecessor to the EU, the European Communities (EC), on 1 January 1973.
The Pound finds early support. Brexit talks this week could deliver a major Pound rally. The EU will need to compromise…
This article lists the election results of the Brexit Party, known since 2021 as Reform UK, in UK parliamentary elections and in elections to the European Parliament.
t. e. In 2016, the impact of Brexit on the European Union (EU) was expected to result in social and economic changes to the Union, but also longer term political and institutional shifts. The extent of these effects remain somewhat speculative until the precise terms of the United Kingdom 's post-Brexit relationship with the EU becomes clear.
e. Between 2017 and 2019, representatives of the United Kingdom and the European Union negotiated the terms of Brexit, the UK's planned withdrawal from membership of the EU. These negotiations arose following the decision of the Parliament of the United Kingdom to invoke Article 50 of the Treaty on European Union, following the UK's EU ...
Brexit negotiations in 2019 started in August, after having originally concluded in November 2018 with the release of the withdrawal agreement. Negotiations took place between the United Kingdom and the European Union during 2017 and 2018 for the withdrawal of the United Kingdom from the European Union following the referendum held on 23 June 2016.
The effects of Brexit can impact entities inside the UK and have an impact on Gibraltar, an impact on the European Union and impact on third world countries. The land border between Northern Ireland and the Republic of Ireland is predicted to be affected by Brexit, being addressed with Northern Ireland protocol .
The Secretary of State for Exiting the European Union or, informally, Brexit Secretary, [1] was a secretary of state in the Government of the United Kingdom, responsible for the business of the Department for Exiting the European Union, as well as for the UK's withdrawal from the European Union (EU), informally referred to as "Brexit".