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What is ‘Brexit’

Brexit is an abbreviation of “British exit”, which refers to the June 23, 2016 referendum by British voters to exit the European Union. The referendum roiled global markets, including currencies, causing the British pound to fall to its lowest level in decades. Prime Minister David Cameron, who supported the UK remaining in the EU announced he would step down in October.

What is it and why are we having an EU referendum?

The big EU questions: The EU debate so far has been characterised by bias, distortion and exaggeration. So until the end of the referendum, we are running a series of question-and-answer features that will try to explain the most important issues in a detailed, dispassionate way

What is Brexit and what is going to happen now that Britain has voted to LEAVE the EU?

The people of Britain voted for a British exit, or Brexit, from the EU in a historic referendumon Thursday June 23.

The outcome has prompted jubilant celebrations among Eurosceptics around the UK and sent shockwaves through the global economy.

After the result yesterday morning, the pound fell to its lowest level since 1985 and David Cameron resigned as Prime Minister of this country.

Mr Cameron said his successor should take up office by October, at which point the UK would embark on its two-year political divorce from the EU.

He said: “I will do everything I can as Prime Minister to steady the ship over the coming weeks and months. But I do not think it would be right for me to try to be the captain that steers our country to its next destination.”

he next step is for Britain to tell the EU that it wants to go by using Article 50 of the EU rulebook for the first time in history.But there is now a short moment for reflection before Mr Cameron’s successor triggers this legal mechanism, which gives the UK two years to leave the EU.

Eurosceptic MP Boris Johnson – the favourite to replace the Prime Minister – has hailed Brexit as a “glorious opportunity” for Britain to find its voice in the world again.

The Brexit vote has sparked calls for a second Scottish independence referendum and theresignation of Labour leader Jeremy Corbyn due to his lukewarm campaign.

Spain’s Government has also called for joint control of Gibraltar and Sinn Fein is demanding a vote to unite Ireland and Northern Ireland.

It puts stress on the ‘special relationship’

Both President Obama and Vice President Joe Biden said after the vote that the special bond between the U.S. and the UK will endure, but there can’t help but be some changes.
Remember, back in April, Obama said a successful Brexit would move Britain to the “back of the queue” when it came to trade deals with the United States. America’s already trying to cobble together a deal with what will be left of the EU now. If the Brits want one with the U.S. after they get out of the EU, they’ll just have to wait. That won’t exactly make them feel all warm and fuzzy inside.
Another thing the U.S. finds so special about the UK? Being able to exert some influence on the EU, via the UK’s voice. With the British soon to be gone from the bloc, the U.S. may now need to start paying more attention to its relationships with some other countries — hello, Germany and France — in order to achieve that goal.
Trump will go all in on immigration
Donald Trump shot to the top of the GOP primary field and eventually to the nomination by focusing on illegal immigration. Fears surrounding immigration was a big factor for a lot of Brits who pulled the lever for Leave, and Trump suspects it will be, too, for Americans voting for a new president in the fall.
“Americans will have a chance to vote for trade, immigration and foreign policies that put our citizens first,” he said Friday from Turnberry, a golf resort he owns in Scotland.
So expect Trump — who was showing signs of moderating his positions somewhat — to go full throttle on his immigration ideas, like building a wall with Mexico and his proposed Muslim ban. Trump’s also betting that the kind of political message that worked like a charm in the referendum — a harsh critique of free trade and demands to “take our country back” — will be just as effective among blue-collar workers in rust belt states in the United States.

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