What is Brexit?
Brexit – this is a
short for British exit, literally translated as “British exit”. The
term Brexit began to be called the campaign for Britain’s witdrawal from the
European Union. This initiative was supported by 17 million Britons. They all
wantd to leave the EU. These results were enough for making a fateful decision.
However, residents of London and Scotland voted against the exit from the EC,
but their votes were too small.
Now oponents of witdrawal from the EU
insist on re-holding the vote, arguing that the referendum must be held
according to the norms of the European Union. The petition has already crossed
the threshold of three million signatures, which means that the document will
be submitted for debate in the Parliament of Great Britain. Decision on the
membership of the country in the European Union can be made only if the turnout
is at least 75%, and for one of the options will vote at least 60% of the
Why did Britain decide to leave the EU? The United Kingdom has always sought to maintain maximum independence in economic and political matters. This confirms the refusal to join the largest integration projects of the EU – to the euro area, as well as to the Schengen agreements that abolish visa control at common borders. In 2013, the United Kingdom did not sign the Budget Pact, which ordered a concerted fiscal and fiscal policy in the EU.
In addition, in September 2015, the United Kingdom, at a meeting of the heads of the Ministry of Internal Affairs of the European Union, urgently gathered because of the migration crisis in Europe, categorically refused to deploy migrants on its territory. They were only ready to receive refugees directly from the camps in Syria. And the euro currency set in the EU has not replaced the pound sterling.For all this isolation, it is Britain that makes one of the largest contributions that ensures the existence of the European Union. At the moment, it is about 11 billion euros a year. Many residents of Britain have repeatedly stated that the EU is unreasonably expensive for taxpayers. And therefore the kingdom needs to withdraw from the European Union, in most of which it does not participate.
Top players of BREXIT
The NIGEL Farage slogan for 20 years was I WANT MY
COUNTRY BACK Now the UKIP leader has achieved his ultimate political ambition,
seemingly against all the odds. And he has turned that epithet on himself –
telling reporters that he is standing on the things he believe in.
The face of Euroscepticism in the UK for getting on
for two decades, Mr Farage helped turn UKIP from a fringe force to the third
biggest party in UK politics in terms of votes at the 2015 general election,
and he helped persuade more than 17 million people to vote to leave the EU.
Few politicians have been more closely identified with
the party they lead. Much of that success has been a product of Mr Farage’s
straight talking, everyman image, a picture editor’s dream when snapped
grinning with pint or cigarette (sometimes both) in hand.
His “man in the pub” image and disdain for
political correctness left him free to attack rivals for being mechanical and
This inspired affection and respect among those who
agreed with him on core messages about cutting immigration and leaving the EU.
True to his image as an outspoken saloon bar
philosopher, he got into plenty of fights.
What might be the impact of the market if Brexit occurs? Political risks are also likely to create high volatility and harsh pricing in many financial assets, especially in UK based assets. In the negative scenario, the market expectation is in GBPUSD, especially in parentheses, and in the UK Stock Market, the FTSE100 index, in the form of severe depreciation. However, in this scenario, the assets that can stand out and perform relatively better include stocks of companies that are mainly export-oriented. ” If the referendum ends in the direction of staying in the EU, it is possible to talk about the possibility that the rallies will happen with the increase in the sterling parities, especially the in the pricing, and the risks in the UK Stock Market.
Why is Brexit important? Among the world’s largest economies, the separation of the UK from the European Union is expressed by experts who will bring long-term serious consequences for the European Union and even bring the European Union to enormous uncertainty. Another important element of Brexit is that in the case of the UK departure from the EU, the other countries in the Union have to take an approach in this direction, which is a sensation among the markets. Brexit therefore pose a major threat to the sustainability of the European Union.
Why did Britain
enter the Brexit process?
Beginning with the
resumption of the economic gains achieved with the European Union, Brexit was
one of the promises of the British Prime Minister and the President of the
Conservative Party, David Cameron, in the last 2015 elections. Britain, one of
the three leading nations of the European Union, put forward the disturbances
of sovereignty, economic management, competition and immigration in Brussels
with reform negotiations and suggested Brexit as a trump card if these issues
were not addressed.
On the road to the
Brexit process, the UK wants Europe to have different currencies instead of
being the only valid currency of euron. In addition to this desire, the UK,
demanding that the European Union simplify its cash flow in order to increase
its competitiveness, demanded the removal of bureaucratic obstacles. As a
result of the negotiations, Cameron started campaigning against Brexit as a
result of the British partially obtaining what they wanted.
What changed in government
after the referendum?
Britain got a new Prime Minister – Theresa May. The former home secretary
took over from David Cameron, who announced he was resigning on the day he lost
the referendum. Like Mr Cameron, Mrs May was against Britain leaving the EU but
she played only a very low-key role in the campaign and was never seen as much
of an enthusiast for the EU. She became PM without facing a full Conservative leadership
contest after her key rivals from what had been the Leave side pulled out.
What does Britain expect if Brexit does not happen?
The current account deficit has reached significant figures In the case of
Brexit not being realized in the UK, the 12 billion dollars that the European
Union is obliged to pay each year as member states will play an important role
in the further growth of the current account deficit. It is also stated that if
the UK economy grows faster than the European Union and Brexit takes place,
more access to new trade areas will be achieved
What do British
people think about Brexit?
Brexit is looking
towards the polls, 43 percent of the British want to get out of the European
Union. 39 percent of the rest of the population is still burning, 18 percent of
the people go undecided, the vote is determined to determine the cast of the
How does Brexit
affect other member states?
Germany is in the first
place according to the total trade volume of the UK. After the United States,
the member states come from the Netherlands, Belgium and France. After Brexit,
the United Kingdom must re-trade agreements with member countries of the
European Union in order to sustain economic development.
What will be
the sterility effects of Brexit?
We can evaluate
sterility effects of Brexit before and after Brexite. Experts say that
pre-Brexite prices may fluctuate sharply in parallel to changes in the market.
According to Morgan
Stenley’s prediction of the post-Brexit condition of sterling, about 2 percent
in the first few months after June 23, and about 10 percent in the next 10
years. Credit Suisse predicts sterling will suffer sharp losses due to tight
fiscal conditions, rising inflation and lower real wages after post-Brexit. S
& P said that Brexit could pose significant risks to the UK’s current
account deficit, which could pose a threat to its global currency position.
What will be
the free movement with Brexit?
After Brexit, the fact
that British citizens will be restricted from free movement is one of the most
controversial issues in the continuation of UK membership of the European
Union. Although immigration means the British government is uncomfortable, free
movement makes great contributions to the country.
According to United
Nations data, 5 million British citizens live in member states of the European
Union in 2015, while about 600,000 British citizens live in non-European Union
Will there be
new breaks after Brexite?
Nicola Sturgeon, leader
of the pro-European Scottish National Party (SNP) and the prime minister of
pro-European Scotland, will take up the idea of ??separating Britain from
Britain, Scotland, Wales and Northern Ireland in the event that Britain breaks
down with the European Union on various platforms. Political experts say
Scotland’s resumption of separation may resume pro-apartheid terrorist acts in
Ireland. In Ireland, the political wing of the separatist terrorist
organization IRA gives Sinn Fein signals that they can resume their actions if
Brexit takes place.
After the Brexit debate
began, there were signs that especially the French people wanted to leave the
European Union. In a poll conducted in France, 34 percent of the French oppose
the membership of the European Union, while 66 percent favor the continuation
of the membership.
As a result; whether it
is Brexit or Bremain, the European Union economy and the world economy are
waiting for tough times.