Brexit - Britain exiting European Union

BREXITShubham Bhatia

Great Britain decided to leave the EU

What is EU ?It’s not Europe

- EU is an organisation of 28 countries as its members.- Europe is continent, including

these 28 and some other countries.

EUROPEAN UNION•After WWII, European Integration was started to

create trade and peace to recover monetary loss & harmony.

• The European Union was formally established in 1992 & came into force on 1 November 1993.

Why EU was established ?

• EU provides a “Single Market”.• EU guarantees, citizen of any member country can

live, trade, work in any other EU member country.• Integration of members create one big economy.

Why UK offered voters a referendum on UK’s exit from European Union ?

UK Independence Party Leader Said :

“EU imposed too many rules of business and charged billions of pounds yearly for very little return.”

What UK paid ?

• EU membership costs 24 million pounds per day.• No full control on their own

borders.• High immigration rate.• Lesser jobs for domestic people.• Few conflicts between UK

supreme & EU officers.

What UK earned ?

• Free trade.• More jobs opportunities.• Single market economy.

How did UK took decision to leave ?• With the help of EU referendum.• A referendum takes place on a particular issue and is resolved through

public voting.• More than 30 Million people voted for EU referendum.• 51.9% voted to leave where on other hand 48.1% voted to stay.• Result was in favour of BREXIT.

Now What ?• Financial instability.• Pound saw 10% fall to US Dollar.• No free trade & single market.• More cost on imports & exports.• Price rises or inflation.• Unemployment & cutbacks.• Lesser or expensive resources.• More paperwork in immigration.

How other countries will be affected ?

• Mutual trades can face rise in prices.• Foreign companies operating there might leave because of no free

trade.• Less trade means less globalisation.• Immigrant will move back or to other countries for jobs.

THANK YOU