11 Top Facts Every Briton Should Know About Brexit (Infographic)

2083

UK voted for historic decision to leave the EU. Here are all the important facts and answers to your questions about Brexit.

Stay with Nexter.org to know more.

What’s Brexit?

In case you’ve returned from Space and missed the key events, Brexit – is a word that determines that the UK leaves the EU – merging the words Britain and exit to get Brexit.

The UK’s referendum showed that the majority of people 51.9% wanted to leave the European Union.

It is scheduled to depart at 11pm UK time on Friday 29 March, 2019.

Brexit-what-should-you-know-infographic

The reasons

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.

One of the key reasons was that British people wanted to see a reduction in immigration.

Also, the UK Independence Party said Britain was being held back by the EU, which they said imposed too many rules on business and charged billions of pounds a year in membership fees for little in return.

How much does the UK contribute to the EU and how much do we get in return?

In answer to this query from Nancy from Hornchurch – the UK is one of 10 member states who pay more into the EU budget than they get out. Only France and Germany contribute more. In 2014/15, Poland was the largest beneficiary, followed by Hungary and Greece.

How much does the UK pay for the Brexit?

There have been no official estimates published of the size of the bill, which covers things like pension payments to EU officials, the cost of relocating London-based EU agencies and outstanding EU budget commitments.

But the figure has been thought likely to be one of up to 50bn euros (£44bn).

UK economy now

David Cameron, his Chancellor George Osborne and many other senior figures who wanted to stay in the EU predicted an immediate economic crisis if the UK voted to leave and it is true that the pound slumped the day after the referendum – and remains around 10% lower against the dollar and 15% down against the euro.

But predictions of immediate doom were wrong, with the UK economy estimated to have grown 1.8% in 2016, second only to Germany’s 1.9% among the world’s G7 leading industrialized nations. The UK economy has continued to grow at almost the same rate in 2017. Inflation has risen since June 2016 to stand at 3.1% – the highest for nearly six years – but unemployment has continued to fall, to stand at a 42 year low of 4.3%. Annual house price increases have fallen from 9.4% in June 2016 but were still at an inflation-beating 7% in the year to October 2017, according to official ONS figures.

‘Breakthrough’ deal

The negotiations between the UK and the EU officially started a year after the referendum, on 19 June, 201 and lasted for months.

Key issues that were discussed:

  • the rights of UK and EU expat citizens
  • How much money the UK will need to pay on leaving
  • divorce bill
  • the Northern Ireland border

As a result of following statements were approved:

  • There will be no “hard border” with Ireland;
  • the rights of EU citizens in the UK and UK citizens in the EU will be protected;
  • “divorce bill” will amount to between £35bn and £39bn.

What should EU citizens living in the UK expect?

EU and UK citizens have free movement of rights until the day the UK withdraws from the EU – 29 March 2019.

Anyone who arrives before Brexit day will have the right to stay.

Those who are yet to be granted permanent residency in the UK, relatives who do not live in the UK but will join them in the future and spouses or partners of EU citizens will have their rights protected, so they can still acquire it after withdrawal.

If visitors from EU countries wanted to work, study or settle in the UK they would have to apply for permission under the proposals.

What about Britons living in the EU?

UK citizens who move elsewhere in the EU before Brexit day will have the right to stay in that country.

However after the UK withdraws, the freedom of movement principles will be changed.

The full list of changes and statements read here.

The UK government wants to keep visa-free travel to the UK for EU visitors after Brexit as well as for UK citizens that will travel to EU countries.

Should you change your passport?

No, your passport will stay the same.

The government has decided to change the color to blue for anyone applying for a new or replacement British passport from October 2019.

blue-passport-uk-photo

Source: Conservative Party

See also:

Like this post? Let us know!
  • CoolAF (25%)
  • Cool (0%)
  • Whatever (0%)
  • Boring (25%)
  • WTF (50%)
Summary
11 Top Facts Britons Should Know About Brexit
Title
11 Top Facts Britons Should Know About Brexit
Description
UK voted for historic decision to leave the EU. Here are all the important facts and answers to your questions about Brexit.
Nexter.org
Nexter.org
nexter.org
https://nexter.org/wp-content/uploads/2018/04/logo_nexterbg.jpg
No tags for this post.

More News from Nexter