What is BREXIT?
Brexit stands for British Exit. It pertains to the United Kingdom’s exit from the European Union following the referendum in 2016 to leave the EU. It took almost four years for the British to exit from the European Union since the referendum took place. Eventually, it withdrew from the European Union at 11 PM GMT (Greenwich Mean Time) on 31 January 2020 and entered into the transition period that would be concluded on 31 December 2020.
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If a new trade deal is ready at the end of the transition period, a new relationship starts with the EU, or else the UK has to be bound to World Trade Organisation(WTO) rules.
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Power Words :
- Pertains
- Referendum
- Propelled
- Immigration
- Sovereignty
- Flocked
- Britons
- Deadlock
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