This report provides a comprehensive analysis of BREXIT, starting with its historical background, including the 2016 referendum and the formal separation of the UK from the European Union in 2017. It delves into the formation of the European Union, its objectives, and the UK's role and challenges as a member, such as budgetary contributions, immigration, and the ability to make its own laws. The report then examines the economic impacts of BREXIT on both the UK and other member nations, including reductions in GDP, market size, currency value, and increased inflation. It also discusses the challenges faced by manufacturing firms, such as lack of raw materials, increased prices, and labor shortages. Finally, the report highlights the implications of BREXIT on trade relationships and the movement of people within the EU.