Brexit

Brexit is portmanteau of the words 'British' and 'exit' coined to refer to the UK's decision in a 23 June 2016 referendum to leave the European Union (EU). Brexit took place at 11 pm. Greenwich Mean Time, 31 January 2020. The process of leaving the EU formally began on 29 March 2017, when May triggered Article 50 of the Lisbon Treaty. The UK referendum on EU membership in June 2016 resulted in a 51.9% share for the Leave side against a 48.1% share for Remain. Then UK initially had two years from that date to negotiate for a provisional free trade agreement that ensures the two sides can trade goods without tariffs or quotas, such as trade in services, which make up 80% of the UK economy the provisional agreement was approved by the UK parliament on 1 January 2021. It was approved by the European Parliament on 28 April 2021. The deal, known as the Trade and Cooperation Agreement (TCA). There were so many causes of the vote in favor of Brexit, mainly controlling over immigration and UK borders. Secondly the voters thought that Britain should join a limited Europe, at best a common market but not a union or accept the full implication of sharing sovereignty. The main factor of getting Brexit is found that the older voters voted 'leave' due to having experienced life in the UK prior to 1973, whereas it is found that around 87% of under 25s in 2018 voted to stay in the EU. Though in the process of referendum some Brexit supporters viewed the EU as an economic opportunity for Britain, it contradicted the opportunities UK providing for the other EU members.