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The Brexit Referendum

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The Brexit Referendum

Definition
  • voting in Britain about leaving the EU or remaining in it
  • took place on 23 june 2016
  • about 30 million people voted
  • 'leave' won by 51.9% to 48.1%
  • Britain will leave the EU on 29 March 2019
Reasons to leave
  • Britain wants to be independent and to have the free choice of trade partners and trade rules
  • influence all over the world
  • they do not want to pay money to the EU anymore because they do not receive enough back and it could be used well in the UK
  • can impose higher taxes on products of the EU
  • immigration concerns might be removed
Consequences
  • no payment into EU budget
  • they can choose their trade partners and rules freely
  • no access to the single market and customs union
  • UK has to follow the rules of the WTO (World Trade Organization)
  • no voice in the EU parliament
  • big companies may move away
  • need of visas to work in foreign countries