Not only Europeans, but people who have even a mere interest in politics seem worried about Brexit. Most common questions are arising like what will happen to the European Union after Brexit? How will England act after Brexit? Will the EU citizens have to quit the UnitedKingdom after it or not? Brexit is a viral topic these days, and everyone is giving his/her opinion regarding it. Before discussing what will be the effects of post-Brexit, let us give a little intro on it.
What is Brexit? Why does it happen?
It is a popular shorthand name for Britain-Exit; exit from the European Union. It aroused when the referendum took place on 23 rd June 2016, in which millions of people voted out in favor of the United Kingdom’s exit from the EU. Almost 52 % of votes advocated the idea of leaving the platform.
What is the European Union?
Remember, European Union formed after World War 2, and it consists of 28 countries includingFrance, UK, Germany, Poland, Croatia, and more. The purpose behind the formation of EU was to merge European countries economically and politically. As per EU, nations which trade together can never hurt each other, and thus, they formed the partnership.
When will the UK leave the EU?
29 March 2019 is the day when the UK is due to leave the European Union, and the PrimeMinister, Theresa May, triggered this procedure on 29 March 2017, so it means the UnitedKingdom will exit in 2019. However, a European court has ruled that Great Britain can reverse the decision to stop the process. It can also extend if all 28 members agree for the UK’s stay in the partnership.
How will Brexit affect the EU?
Most probably, it will affect the EU negatively as the European Union citizens will have to go through strict immigration policies post-Brexit. The trade impact will be a bit negative, too. As per sources, the Conservative government has already introduced the EU (withdrawal) Bill to Parliament to finish the primacy of European Union law in the UK on the day of Brexit. The post-Brexit trading is probably become more complex than ever because it will need the approval of over 30 national and regional level parliaments across Europe.
Overall, the impact of Brexit will be negative on the European Union and the United Kingdom, but it is yet to decide who will face more complexities than the other one.