Great Britain is experiencing the worst political and economic crisis since the Second World War. What is braxitis? That’s what they call Britain’s exit from the EU. Remembering all the news on this subject, it is necessary to highlight the most important:
- The national referendum on brexit was held on 23 June 2016. Most of the residents voted for the country’s withdrawal from the European Union: 17.4 million against 15.1 million
- The negotiations on the deal ended on November 16, 2018: the draft agreement from the EU was ready
- Brexit was to be held on March 29, 2019, but the date was revised in favor of October 31: the problematic aspects of the agreement, with which the British side did not agree, were forced to extend the term.
- In the summer of 2019, there was a new British political turmoil, and Boris Johnson replaced Teresa Mae as Conservative Prime Minister.
- On 28 August 2019, Queen Elizabeth II granted Johnson’s request to close Parliament between 11 September and 14 October to prevent the opposition from preventing brexit without a deal.
- On 17 October, the EU and the UK announced that they had reached an agreement on a revised brexit deal, which was approved by the leaders of the European institution. The deal requires the consent of the British and European parliaments, and the results of brexit are still unclear.
Consequences and outcomes of Brexit 2019
If you believe the news from https://www.umarkets.com/ru/brexit-news/ then the consequences of brexit without a deal will lead to the fact that the UK will not be entitled to duty-free trade with other member states of the union. Northern Ireland will remain with the United Kingdom, and Ireland will remain part of the EU. In this way, Brexit may revive the conflict between Catholic Irish nationalists and pro-British Protestants. Rising costs of exports and imports, high inflation, risk of national conflict – these are the consequences of brexit without a deal.
The results of the brexit will be known after a meeting of the House of Commons of the British Parliament, which will take place on October 19. Eventually, another referendum may be held. This will require another deferral of brexit and a change of government. There is also a legal possibility of completely abolishing braxitis by repealing Article 50. This can only happen if liberal democrats get the majority of seats in the House of Commons.