As you most probably know, Brexit has been at the heart of news in the past months, but I found that people generally don't actually know what's happening. They may have a rough idea about what's going on but if you try to have an in dept conversation with someone, they don't have all the information they need.
I am very much one of these people, despite the fact the majority of my family are well informed on every movement of the Brexit Deal.
So, I've decided to compile a compilation of facts from various news sites to try and explain it to people.
First things first: Brexit is the term coined for Britain leaving or exiting the European Union. On Thursday 23th June 2016, Britain voted to leave the EU by around 52% to 48%. There were many reason why people wanted to leave the EU, some of them including:
- "We'd get our money back" (The UK paid £13 billion to the EU, with the estimate amount spent on Britain apparently only being £4 billion, meaning the UK's net contribution (the amount remaining after all necessary deductions) was £9 billion.
- "We could decide who comes into our country"
- "We could make our own laws again"
So it was decided: Brexit would happen. This let to a 'divorce' deal, detailing how Britain will leave the EU, which is better known as 'the withdrawal agreement'. It covers:
- "How much money the UK will have to pay the EU in order to break the partnership - that's about £39bn
- What will happen to UK citizens living elsewhere in the EU, and equally, what will happen to EU citizens living in the UK
- How to avoid the return of a physical border between Northern Ireland and the Republic of Ireland when it becomes the frontier between the UK and the EU"
Th transition period has been agreed so Britain and the EU can work out a trade deal, whilst allowing businesses time to adjust to the upcoming changes. If the withdrawal agreement all pans out, there should be no major changes, at least, between 29th March 2019 and 31st December 2020.
This should mean that Brexit is going well, however, on 15th January, only 202 MPs voted for this deal, with 432 voting against it.
Now, Theresa May will have to address the House of Commons on 29th January and hash out the next steps of the deal, with some MPs trying to delay the date of Brexit leaving the EU and other trying to hold another referendum.
If nothing can be agreed, Britain may end up leaving the EU with no deal.
The majority of the information gathered for this post is from "Brexit: Your simple guide to the UK leaving the EU" on www.bbc.co.uk. If you wish to ready further about Brexit, i would recommend this article.