Brexit Update

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On June 23, 2016, the people of the United Kingdom (UK, also called Great Britain), voted and decided that they wanted the UK to leave the European Union (EU).  This was a hugely unexpected result! It is also a phenomenon that was given a catchy name: Brexit (Br=Britain) – (Exit=Leave the EU). David Cameron, Prime Minister of the UK resigned as he didn’t feel that he could support this decision. Teresa May was then appointed the new Prime Minister of the UK and will help the country manage this process over the next two years. In order to start this process, the UK government has just approved the Exit.

On March 29, 2017, Teresa May is expected to invoke Article 50 of the Treaty of Lisbon, which outlines the way in which a country can choose to leave the EU.

Leaving the EU is a challenging task. It involves paying some penalties, the UK coming up with its own defense system, and other such challenges. However enough people felt that the benefits outweighed the costs of this decision.Some of these benefits include:

  • letting Britain have control over the laws and policies it makes, rather than sticking to the EU law,
  • and allowing Britain to decide how many people from other countries can live in Britain and consume resources, such as jobs, there.
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