Brexit

Our project talks about Brexit, the United Kingdom’s exit from the European Union. Brexit was a hot issue for years, monopolizing British politics for almost four years. The official Brexit day was on January 31, 2020, and has now changed the playing field of European Economics. The UK initially did not join the EU, and instead traded with the European Free Trade Association (EFTA). Declining British imperialism weakened trade, and so convinced Britain to join. The joining of the EEC was controversial (European Economic Community, organization the EU replaced). The UK joined the EEC in 1973, and The EEC was later incorporated into the EU. In modern times, three Prime Ministers have headed Brexit, David Cameron, Theresa May, and Boris Johnson. Mrs. May was the Prime Minister for a majority of its negotiation, but Mr. Johnson actually got it done. EU regulations have dramatically affected the economics of the UK. There was a decline in ease of doing business, a fall in global wealth proportion, a declining economic freedom, and this all hit British Middle Class the hardest, especially when companies started cutting pay/employees. There were also various social issues that came along with membership in the EU. There was a sharp increase in terrorism due to the large amount of new people coming into the country who could not get in before, including Jihadists coming to England from Germany and other countries in the EU. Britain was also targeted because of its colonial history, leading to distrust of it among other countries. Illegal immigration also ran rampant, and the EU’s open borders policy caused a migrant crisis. Finally, there was a rise in antiestablishmentarianism by British citizens, meaning a rise in the distrust of governments, because many were upset over EU involvement in the UK’s politics. Brexit was a smart decision for Britain, and will help them gain the freedom that the EU restricted them from