Introduction
Welcome to the international business blog for the United Kingdom. This blog will primarily focus on BREXIT but will also include Wales, N. Ireland, Scotland, and even from the European Parliament (Brussels) as it relates to BREXIT.
A quick introduction of BREXIT
A quick introduction of BREXIT
What does Brexit mean?
It is a word that has become used as a shorthand way of saying the UK leaving the EU - merging the words Britain and exit to get Brexit, in a same way as a possible Greek exit from the euro was dubbed Grexit in the past.
Why is Britain leaving the European Union?
A referendum - a vote in which everyone (or nearly everyone) of voting age can take part - was held on Thursday 23 June, 2016, to decide whether the UK should leave or remain in the European Union. Leave won by 51.9% to 48.1%. The referendum turnout was 71.8%, with more than 30 million people voting.
What is the European Union?
The European Union - often known as the EU - is an economic and political partnership involving 28 European countries. It began after World War Two to foster economic co-operation, with the idea that countries which trade together are more likely to avoid going to war with each other.
It has since grown to become a "single market" allowing goods and people to move around, basically as if the member states were one country. It has its own currency, the euro, which is used by 19 of the member countries, its own parliament and it now sets rules in a wide range of areas - including on the environment, transport, consumer rights and even things such as mobile phone charges.
Source
(Hunt, Alex &
Wheeler, n.d.)
It should be an interesting next few months of reports from Britain. BBC is a great source of visual data too! Do you guys think that a referendum of this sort, or perhaps of any sort, should be based on such a slim majority? http://www.bbc.com/news/politics/eu_referendum/results
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