Brexit: Brief History, Impacts, and Challenges

Brexit
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Table of content
INTRODUCTION...........................................................................................................................3
BRIEF HISTORY OF EU...............................................................................................................3
IMPACTS OF BREXIT..................................................................................................................4
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
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INTRODUCTION
In present times, in UK man concern is related to Brexit topic which means exist from
EU. EU is union of 27 member which was formed in 1993. Brexit is consider as an abbreviations
for British Exist. It means British exist from the European Union within June 23, 2016 (Koller,
Kopf, and Miglbauer, 2019). Where 52 % voted within favour of leaving the EU while rest of
them which is around 48 % were voted to remain as a member of EU. Present Report focuses on
the Brief history of EU, Impacts of Brexit from U.K and other nations economy and Challenges
facing the U.K as a member of EU.
BRIEF HISTORY OF EU
In 1945 after world war 2 European Union was set up to end war between countries and
nations. So for that the European coal united country in both economic and political way. This
was done to secure long lasting peace among them. Thus the 6 member were Belgium, France
Italy, Germany, Netherlands and Luxembourg. But in year 1950 there was cold war between
east and west.
In addition, in 1960 there was high economic growth period for European Union
countries. In that they did not charge custom duty while trading with each other. Furthermore,
they agreed to join food production as well in order to ensure that every one gets enough to eat
and fulfill citizen needs. So after some time there was high surplus of food which was produced.
However in 1968 there was riots done in Pairs. This lead to bring change in society and behavior
of people was recognized as 68 generation
Then, in 1973 Denmark Ireland and UK decided to join European Union and then led to
total 9 member in it. But the war of Israel led to creating energy and economic issues in Europe.
With that there came end to dictatorship in Europe as Salazar regime was over in 1974 and with
death of General of Spain in 1975. Moreover, in order to create jobs and improve infrastructure
in back ward areas. EU regional policy transfer huge sum. In 1979 the members can elect their
members. To protect environment law was formed, with polluter pays
In 1980 the Polish trade union became famous in world and all of nation started
following that. The tenth member of EU was Greece and then after 5 year Spain Portugal and
other countries became member of it. In 1986 a single EU act was signed and then a treaty was
formed of 6 years in which focus was on free trade between nations within Eu thus making it
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