Brexit: UK Regretting Leaving EU

Report

Contents
Introduction...............................................................................................................................................3
Main body..................................................................................................................................................3
Conclusion..................................................................................................................................................5
References..................................................................................................................................................6
Books and journals..................................................................................................................................6

Introduction
Brexit refers to an abbreviation for the "British exit," it is for the withdrawal of UK from
the European Union. According to voting system, 52% votes are given in favor to leave the EU
but on the other hand remaining 48% votes are given for the statement that UK needs to remain
in European Union. Withdrawal of European Union is a political and legal procedure in which an
EU state member ceases to be the member of Union. The current report includes a discussion
about the statement given by ex-president of EU Claude Juncker that United Kingdom will going
to be regret in near future after stepping back from the European Union. It has been identified
that there are some news where legal authorities says that there might be a phase when
government of United Kingdom regret about Brexit as it highly affects their economic system in
a negative manner. Furthermore, there will be a time period where UK face recession and have
no jobs which affects the development and growth of a country. With the help of different
statement given about UK regretting about Brexit are going to be discussed in a detail manner.
Main body
The European Union or also known as EU is a economics and political union which
includes 27 member states which are mainly established within Europe. The member states have
estimated around overall population of 447 million people. It is said that EU has created an
internal single marketplace with the help of some standarised laws which is applicable to each
and every member states who have made an agreement to act as one. It has also been said that
main aim of EU policies is to makes sure that there must be absolute free movement of
technology, people, services, goods, capital and many more within internal marketplace.
British exit - refers to the UK leaving the EU. It has been said that Brexit was done by UK
government as there was voting system conducted by them. In the year 2016, a public voting was
done where around 17.4 million people opted and giving their vote for Brexit. Therefore, it has
been said that almost 52% people says that UK needs to leave the agreement with EU as well as
48% people votes to remain with the side of European Union. UK joined the European Union
community in the year 1973 and now is the first member state who is withdrawing with this.
There are many reasons for which United Kingdom wants to step out with the contract or
agreement made with European Union. On 31st January 2020, United Kingdom formally left EU,