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Brexit And Its Analysis Of The United Kingdom Leaving European Union

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Brexit And Its Analysis Of The United Kingdom Leaving European Union
Firstly it should be explained what Brexit stands for. Word Brexit is used to describe The United Kingdom leaving European Union. Into word Brexit is combined two separate words Britain and exit. Also earlier European Union was not called like this, when European Union created it was called the European Coal and Steel Community, and was created to end the wars between the neighbors and to unite European countries politically and economically and to avoid wars and conflicts, in 1950 after World War Two, later in 1957 year the Treaty of Rome creates the European Economic Community (EEC). So The European Union is an economic and political partnership now involving 28 European countries. The E.U. has its own currency, the euro, which is used in 19 of the member countries, it set rules in wide range of …show more content…
before Article 50 of the Lisbon Treaty gives the two sides two years to agree the terms of the withdrawal. Theresa May has said she wants to start this process by the end of March 2017, meaning the UK will be expected to have left by the summer of 2019, depending on how well the negotiations will go. The government will also enact a Great Repeal Bill which will end the primacy of EU law in the UK. This Great Repeal Bill is expected to incorporate all EU legislation into UK law, after which the government will decide over a period of time which parts to keep and change , but they will not stop the Bill becoming law but they are trying to add conditions, such as guaranteeing the rights of EU citizens already in the UK and some others. Also it is very interesting who is going to negotiate Britain's exit from the European Union? After Theresa May became Prime Minister, she set up a government department, which is headed by veteran Conservative David Davis, who also supports the UK leaving the E.U., to take responsibility for Brexit. The new job of international trade secretary was given for Liam Fox, who is former defense secretary and also showed support to leave

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