The document discusses Brexit, the decision by the United Kingdom to leave the European Union. It provides background on the EU, defining it as a politico-economic partnership between 28 European countries established in 1993. Brexit refers specifically to the UK's decision to exit the EU. This was decided in a June 2016 referendum where voters chose to leave. Key reasons for supporting Brexit included concerns over EU rules challenging UK sovereignty, immigration levels burdening the UK, and the UK wanting more control over its money rather than having it managed by the EU. The outcome is expected to impact foreign investment in the UK as well as employment and small businesses that rely on access to the EU market.
2. European Union
Before discussing Brexit, we should know about EU
1. EU is a unique politico economic partnership b/w 28
countries of Europe.
2. It was established in 1993 in order to achieve
political and economic incorporation.
3. The basic and important purpose of EU is to
promote these countries in the field of politics and
economy and bring harmony among member
countreis.
3. What is BREXIT?
Brexit is a word which is composed of Bretish an exit.
Basically Brexit if referred to the British decision of
leaving the European Union. By merging Bretish and
exit, we find Brexit. For instance if France leave EU, it
would be called as Frexit.
5. Reasons for Brexit
The main reason was the EU was challenging the
sovereignty of the UK which would be later on a
struck on its self determination.
EU was imposing tough rules and regulations on UK
Many immigerants were there, which cause too much
burden on UK, because UK had a good system for
incoming immigrants.
UK wanted to keep money with her but EU was a
hurdle
6. Reasons for Brexit
The main reason was the EU was challenging the
sovereignty of the UK which would be later on a
struck on its self determination.
EU was imposing tough rules and regulations on UK
Many immigerants were there, which cause too much
burden on UK, because UK had a good system for
incoming immigrants.
UK wanted to keep money with her but EU was a
hurdle
7. History
In 1975 UK held a referendum in which political
parties mostly decided to remain in European
Economic Commjunity (EEU)
Its cabinet got siplit into two groups, the pro-
European and the anti-European. So the mayor of
London Herald Wilson allowed ministers to openly
campaign for its ultimate decision.
After a short but comprehensive election of Yes or
No, 67.2% said Yes and 22.8% said No.
8. Reasons
To create a powerful trade with other nations
To control national borders
To restore its legal system
To create more jobs in UK
To restore British customs and traditions
9. 2016 Refrendum
On 23 June 2016, UK held a referendum and
decided to leave UK
PM David Cameron resigned and few weeks later
Thresa May was elected as a new PM of UK
10. Outcome of Brexit on UK
Leaving EU affects Foreing direct investment,
immigration and eco regulation in UK
One in every 10 jobs are linked with EU, wo Bredxit
affects their jobs directly and drastically
Small business might suffer because almost 90% small
businesses say , access to EU is important to their future
growth
Pound fell after brexit vote. But Thresa announced that
soon they will take its fall from the rate of over 1.30 euros
to a low of 1.09 euros.
11. Impact on Society
Being an EU means lower prices to members, as UK
left, so cost of imports could rise at least 11 Bn
pound.
12. Impact on Pakistan
Many Pakistanis have their offices in UK so they can
avail and remain a part of EU
But with Brexit, this benefit will taken away and these
companies will have to move to other places
Brexit might have positive effects but these results
may not show up immediately.