SlideShare une entreprise Scribd logo
1  sur  14
BREXIT
Presented by
KIRUTHIKA M
WHAT IS BREXIT?
Brexit is the United Kingdom's planned withdrawal
from the European Union following an advisory
referendum held in June 2016 in which 52% of votes
were cast in favour of leaving the EU.
"Brexit" is a portmanteau of the
words Britain and exit.
WHAT IS EUROPEAN UNION?
During World War II, a community for trade and
economic cooperation was formed among European
countries based on the wisdom that countries that
trade with each other are less likely to go to war.
The concept of the European Union has evolved
dramatically over the last six decades.
Member states have since joined together to form a
“single market” which allows citizens to move across
the continent freely.
The EU currently consists of 28 countries.
The body has its own parliament and laws, plus a
currency that adopted 19 member states.
WHY BREXIT?
The United Kingdom (UK) is divided into two camps:
Leave and Remain.
Reasons of Remain camp:
Economy:
Britain’s imports from EU states
exceed its exports, enjoying tariff-free trade, and is
likely to face an economic shock if it opts to break
away.
Reasons of Leave camp:
The Leave camp’s strongest argument is EU’s
“unfair” immigration regime, which makes it easier
for low-skilled workers from member states to settle
in the UK than their counterparts from other countries.
The Leave camp argues higher immigration pushes
down wages by increasing the supply of workers,
leaving fewer opportunities for British citizens.
Employers from banking sector to automobile
industry have warned about unemployment in non-EU
UK.
Britain’s currency is expected to tumble right after
the Britain decides to leave, and will fall to the
levels last seen 30 years ago. as per economists.
The “Out” campaign, however, says a fall in the value
of the pound would boost exports and has found
support among some financial specialists.
VIEW OF GLOBAL LEADERS
ABOUT BREXIT
The British Prime Minister David Cameron, though in
the Remain camp, vowed a referendum to hear the
British opinion in his 2015 election campaign.
He stated, “It is time for the British people to have
their say. It is time to settle this European question in
British politics.”
He resigned after majority of people voted to leave
EU.
Foreign leaders, from U.S. President Barack Obama
to Chinese leader Xi Jinping, have called on Britain to
remain in the EU, a message supported by global
financial organisations, many company bosses and
central bankers.
IMPACT OF BREXIT IN ASIA:
Britain`s shock decision to leave the European Union
will not cause damage to developing Asia`s
economies, the World Bank announced recently.
PROBLEM OF SCOTLAND
Scotland's First Minister Nicola Sturgeon warned
British Prime Minister Theresa May of holding an
independent referendum if Scotland's vote
against Brexit is "not respected".
Independent referendum is to get independence from
UK and becoming a separate country if UK is leaving
from EU.
WHAT IS ARTICLE 50?
The Treaty of Lisbon, signed in December 2007, is the
European Union's most recent constitution and Article
50 makes provision for countries that want to leave.
It sets out the exit process but is deliberately vague.
Immediately after Article 50 is invoked, a two-year
window begins during which Britain will be expected
to enter talks on plans for its relationship with the rest
of the Union post.
But it's not all smooth sailing – all 28 member states
have to unanimously agree to the terms of a deal
meaning the negotiations could take years.
The Article 50 process is a divorce: who gets the
house, who gets the kids, who gets the bank accounts.
INVOKING ARTICLE 250
On November 3, Theresa May's proposed her idea to
invoke Article 50 before March 2017.
The High Court ruled the Prime Minister did not have
the power to trigger two-year exit process Article 50
before a vote in Parliament.
THANK YOU

Contenu connexe

Tendances (20)

Brexit
BrexitBrexit
Brexit
 
Presentation on Brexit
Presentation on BrexitPresentation on Brexit
Presentation on Brexit
 
Brexit
Brexit Brexit
Brexit
 
Brexit & its consequences
Brexit & its consequencesBrexit & its consequences
Brexit & its consequences
 
Brexit - The UK and the European Union
Brexit - The UK and the European UnionBrexit - The UK and the European Union
Brexit - The UK and the European Union
 
Brexit
BrexitBrexit
Brexit
 
Brexit presentation 1
Brexit presentation 1Brexit presentation 1
Brexit presentation 1
 
British exit from European Union 2016
British exit from European Union 2016British exit from European Union 2016
British exit from European Union 2016
 
Brexit
BrexitBrexit
Brexit
 
Impact of Brexit
Impact of BrexitImpact of Brexit
Impact of Brexit
 
Brexit presentation
Brexit presentationBrexit presentation
Brexit presentation
 
Brexit
BrexitBrexit
Brexit
 
Brexit and eu
Brexit and euBrexit and eu
Brexit and eu
 
Impact of Brexit on world
Impact of Brexit on worldImpact of Brexit on world
Impact of Brexit on world
 
BREXIT
BREXITBREXIT
BREXIT
 
Brexit
BrexitBrexit
Brexit
 
Economics of Brexit
Economics of BrexitEconomics of Brexit
Economics of Brexit
 
The Business of Brexit: How Will You Be Impacted?
The Business of Brexit: How Will You Be Impacted?The Business of Brexit: How Will You Be Impacted?
The Business of Brexit: How Will You Be Impacted?
 
Brexit class aug15 2016_helen_y_cao
Brexit class aug15 2016_helen_y_caoBrexit class aug15 2016_helen_y_cao
Brexit class aug15 2016_helen_y_cao
 
Brexit
BrexitBrexit
Brexit
 

Similaire à BREXIT

Internationa Finance
Internationa FinanceInternationa Finance
Internationa Financechaityamehta2
 
Having called the national referendum- Prime Minister Cameron initiate.docx
Having called the national referendum- Prime Minister Cameron initiate.docxHaving called the national referendum- Prime Minister Cameron initiate.docx
Having called the national referendum- Prime Minister Cameron initiate.docxJuliang56Parsonso
 
brexit presentation-1.pptx
brexit presentation-1.pptxbrexit presentation-1.pptx
brexit presentation-1.pptxZaynMalik81
 
Hannan sir presentation copy
Hannan sir presentation   copyHannan sir presentation   copy
Hannan sir presentation copyTanvir Ahmed
 
Brexit 'will blow hole in budget', EU commissioner warns
Brexit 'will blow hole in budget', EU commissioner warnsBrexit 'will blow hole in budget', EU commissioner warns
Brexit 'will blow hole in budget', EU commissioner warnsAlicia Garcia
 
Brexit01 CEP BREXIT ANALYSIS
Brexit01 CEP BREXIT ANALYSISBrexit01 CEP BREXIT ANALYSIS
Brexit01 CEP BREXIT ANALYSISAnochi.com.
 
Dnl brexit for dummies
Dnl   brexit for dummiesDnl   brexit for dummies
Dnl brexit for dummiesLIFV
 
Brexit - Impact on Global Trade
Brexit - Impact on Global TradeBrexit - Impact on Global Trade
Brexit - Impact on Global Tradehardiklad93
 
ManzoorAli_2336_16097_1%2FWhat is Brexit and Why.pptx
ManzoorAli_2336_16097_1%2FWhat is Brexit and Why.pptxManzoorAli_2336_16097_1%2FWhat is Brexit and Why.pptx
ManzoorAli_2336_16097_1%2FWhat is Brexit and Why.pptxFaizanGul6
 
Internatonal Finance
Internatonal FinanceInternatonal Finance
Internatonal Financechaityamehta2
 
Brexit and European Union
Brexit and European UnionBrexit and European Union
Brexit and European UnionFarai Mushangwe
 

Similaire à BREXIT (20)

Brexit
BrexitBrexit
Brexit
 
Brexit : Ins and Outs
Brexit : Ins and OutsBrexit : Ins and Outs
Brexit : Ins and Outs
 
Brexit
BrexitBrexit
Brexit
 
Brexit : Ins and Outs term paper
Brexit : Ins and Outs term paper Brexit : Ins and Outs term paper
Brexit : Ins and Outs term paper
 
Brexit
BrexitBrexit
Brexit
 
Internationa Finance
Internationa FinanceInternationa Finance
Internationa Finance
 
Brexit
BrexitBrexit
Brexit
 
Brexit 062516
Brexit 062516Brexit 062516
Brexit 062516
 
Having called the national referendum- Prime Minister Cameron initiate.docx
Having called the national referendum- Prime Minister Cameron initiate.docxHaving called the national referendum- Prime Minister Cameron initiate.docx
Having called the national referendum- Prime Minister Cameron initiate.docx
 
brexit presentation-1.pptx
brexit presentation-1.pptxbrexit presentation-1.pptx
brexit presentation-1.pptx
 
Brexit
BrexitBrexit
Brexit
 
Hannan sir presentation copy
Hannan sir presentation   copyHannan sir presentation   copy
Hannan sir presentation copy
 
Brexit 'will blow hole in budget', EU commissioner warns
Brexit 'will blow hole in budget', EU commissioner warnsBrexit 'will blow hole in budget', EU commissioner warns
Brexit 'will blow hole in budget', EU commissioner warns
 
Brexit01 CEP BREXIT ANALYSIS
Brexit01 CEP BREXIT ANALYSISBrexit01 CEP BREXIT ANALYSIS
Brexit01 CEP BREXIT ANALYSIS
 
Dnl brexit for dummies
Dnl   brexit for dummiesDnl   brexit for dummies
Dnl brexit for dummies
 
Brexit - Impact on Global Trade
Brexit - Impact on Global TradeBrexit - Impact on Global Trade
Brexit - Impact on Global Trade
 
ManzoorAli_2336_16097_1%2FWhat is Brexit and Why.pptx
ManzoorAli_2336_16097_1%2FWhat is Brexit and Why.pptxManzoorAli_2336_16097_1%2FWhat is Brexit and Why.pptx
ManzoorAli_2336_16097_1%2FWhat is Brexit and Why.pptx
 
Internatonal Finance
Internatonal FinanceInternatonal Finance
Internatonal Finance
 
Brexit and European Union
Brexit and European UnionBrexit and European Union
Brexit and European Union
 
Brexit
BrexitBrexit
Brexit
 

Dernier

VIP Model Call Girls Shikrapur ( Pune ) Call ON 8005736733 Starting From 5K t...
VIP Model Call Girls Shikrapur ( Pune ) Call ON 8005736733 Starting From 5K t...VIP Model Call Girls Shikrapur ( Pune ) Call ON 8005736733 Starting From 5K t...
VIP Model Call Girls Shikrapur ( Pune ) Call ON 8005736733 Starting From 5K t...SUHANI PANDEY
 
Top Rated Pune Call Girls Hadapsar ⟟ 6297143586 ⟟ Call Me For Genuine Sex Se...
Top Rated  Pune Call Girls Hadapsar ⟟ 6297143586 ⟟ Call Me For Genuine Sex Se...Top Rated  Pune Call Girls Hadapsar ⟟ 6297143586 ⟟ Call Me For Genuine Sex Se...
Top Rated Pune Call Girls Hadapsar ⟟ 6297143586 ⟟ Call Me For Genuine Sex Se...Call Girls in Nagpur High Profile
 
Nanded City ? Russian Call Girls Pune - 450+ Call Girl Cash Payment 800573673...
Nanded City ? Russian Call Girls Pune - 450+ Call Girl Cash Payment 800573673...Nanded City ? Russian Call Girls Pune - 450+ Call Girl Cash Payment 800573673...
Nanded City ? Russian Call Girls Pune - 450+ Call Girl Cash Payment 800573673...SUHANI PANDEY
 
Antisemitism Awareness Act: pénaliser la critique de l'Etat d'Israël
Antisemitism Awareness Act: pénaliser la critique de l'Etat d'IsraëlAntisemitism Awareness Act: pénaliser la critique de l'Etat d'Israël
Antisemitism Awareness Act: pénaliser la critique de l'Etat d'IsraëlEdouardHusson
 
Call Girls In datia Escorts ☎️7427069034 🔝 💃 Enjoy 24/7 Escort Service Enjoy...
Call Girls In datia Escorts ☎️7427069034  🔝 💃 Enjoy 24/7 Escort Service Enjoy...Call Girls In datia Escorts ☎️7427069034  🔝 💃 Enjoy 24/7 Escort Service Enjoy...
Call Girls In datia Escorts ☎️7427069034 🔝 💃 Enjoy 24/7 Escort Service Enjoy...nehasharma67844
 
WORLD DEVELOPMENT REPORT 2024 - Economic Growth in Middle-Income Countries.
WORLD DEVELOPMENT REPORT 2024 - Economic Growth in Middle-Income Countries.WORLD DEVELOPMENT REPORT 2024 - Economic Growth in Middle-Income Countries.
WORLD DEVELOPMENT REPORT 2024 - Economic Growth in Middle-Income Countries.Christina Parmionova
 
The Economic and Organised Crime Office (EOCO) has been advised by the Office...
The Economic and Organised Crime Office (EOCO) has been advised by the Office...The Economic and Organised Crime Office (EOCO) has been advised by the Office...
The Economic and Organised Crime Office (EOCO) has been advised by the Office...nservice241
 
Junnar ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready For S...
Junnar ( Call Girls ) Pune  6297143586  Hot Model With Sexy Bhabi Ready For S...Junnar ( Call Girls ) Pune  6297143586  Hot Model With Sexy Bhabi Ready For S...
Junnar ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready For S...tanu pandey
 
2024: The FAR, Federal Acquisition Regulations, Part 31
2024: The FAR, Federal Acquisition Regulations, Part 312024: The FAR, Federal Acquisition Regulations, Part 31
2024: The FAR, Federal Acquisition Regulations, Part 31JSchaus & Associates
 
A Press for the Planet: Journalism in the face of the Environmental Crisis
A Press for the Planet: Journalism in the face of the Environmental CrisisA Press for the Planet: Journalism in the face of the Environmental Crisis
A Press for the Planet: Journalism in the face of the Environmental CrisisChristina Parmionova
 
Call Girls Nanded City Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Nanded City Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Nanded City Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Nanded City Call Me 7737669865 Budget Friendly No Advance Bookingroncy bisnoi
 
Government e Marketplace GeM Presentation
Government e Marketplace GeM PresentationGovernment e Marketplace GeM Presentation
Government e Marketplace GeM Presentationgememarket11
 
Call Girls Sangamwadi Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Sangamwadi Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Sangamwadi Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Sangamwadi Call Me 7737669865 Budget Friendly No Advance Bookingroncy bisnoi
 
Finance strategies for adaptation. Presentation for CANCC
Finance strategies for adaptation. Presentation for CANCCFinance strategies for adaptation. Presentation for CANCC
Finance strategies for adaptation. Presentation for CANCCNAP Global Network
 
VIP Call Girls Agra 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Agra 7001035870 Whatsapp Number, 24/07 BookingVIP Call Girls Agra 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Agra 7001035870 Whatsapp Number, 24/07 Bookingdharasingh5698
 
1935 CONSTITUTION REPORT IN RIPH FINALLS
1935 CONSTITUTION REPORT IN RIPH FINALLS1935 CONSTITUTION REPORT IN RIPH FINALLS
1935 CONSTITUTION REPORT IN RIPH FINALLSarandianics
 
Night 7k to 12k Call Girls Service In Navi Mumbai 👉 BOOK NOW 9833363713 👈 ♀️...
Night 7k to 12k  Call Girls Service In Navi Mumbai 👉 BOOK NOW 9833363713 👈 ♀️...Night 7k to 12k  Call Girls Service In Navi Mumbai 👉 BOOK NOW 9833363713 👈 ♀️...
Night 7k to 12k Call Girls Service In Navi Mumbai 👉 BOOK NOW 9833363713 👈 ♀️...aartirawatdelhi
 
The U.S. Budget and Economic Outlook (Presentation)
The U.S. Budget and Economic Outlook (Presentation)The U.S. Budget and Economic Outlook (Presentation)
The U.S. Budget and Economic Outlook (Presentation)Congressional Budget Office
 

Dernier (20)

VIP Model Call Girls Shikrapur ( Pune ) Call ON 8005736733 Starting From 5K t...
VIP Model Call Girls Shikrapur ( Pune ) Call ON 8005736733 Starting From 5K t...VIP Model Call Girls Shikrapur ( Pune ) Call ON 8005736733 Starting From 5K t...
VIP Model Call Girls Shikrapur ( Pune ) Call ON 8005736733 Starting From 5K t...
 
Top Rated Pune Call Girls Hadapsar ⟟ 6297143586 ⟟ Call Me For Genuine Sex Se...
Top Rated  Pune Call Girls Hadapsar ⟟ 6297143586 ⟟ Call Me For Genuine Sex Se...Top Rated  Pune Call Girls Hadapsar ⟟ 6297143586 ⟟ Call Me For Genuine Sex Se...
Top Rated Pune Call Girls Hadapsar ⟟ 6297143586 ⟟ Call Me For Genuine Sex Se...
 
Nanded City ? Russian Call Girls Pune - 450+ Call Girl Cash Payment 800573673...
Nanded City ? Russian Call Girls Pune - 450+ Call Girl Cash Payment 800573673...Nanded City ? Russian Call Girls Pune - 450+ Call Girl Cash Payment 800573673...
Nanded City ? Russian Call Girls Pune - 450+ Call Girl Cash Payment 800573673...
 
Antisemitism Awareness Act: pénaliser la critique de l'Etat d'Israël
Antisemitism Awareness Act: pénaliser la critique de l'Etat d'IsraëlAntisemitism Awareness Act: pénaliser la critique de l'Etat d'Israël
Antisemitism Awareness Act: pénaliser la critique de l'Etat d'Israël
 
Russian🍌Dazzling Hottie Get☎️ 9053900678 ☎️call girl In Chandigarh By Chandig...
Russian🍌Dazzling Hottie Get☎️ 9053900678 ☎️call girl In Chandigarh By Chandig...Russian🍌Dazzling Hottie Get☎️ 9053900678 ☎️call girl In Chandigarh By Chandig...
Russian🍌Dazzling Hottie Get☎️ 9053900678 ☎️call girl In Chandigarh By Chandig...
 
Call Girls In datia Escorts ☎️7427069034 🔝 💃 Enjoy 24/7 Escort Service Enjoy...
Call Girls In datia Escorts ☎️7427069034  🔝 💃 Enjoy 24/7 Escort Service Enjoy...Call Girls In datia Escorts ☎️7427069034  🔝 💃 Enjoy 24/7 Escort Service Enjoy...
Call Girls In datia Escorts ☎️7427069034 🔝 💃 Enjoy 24/7 Escort Service Enjoy...
 
WORLD DEVELOPMENT REPORT 2024 - Economic Growth in Middle-Income Countries.
WORLD DEVELOPMENT REPORT 2024 - Economic Growth in Middle-Income Countries.WORLD DEVELOPMENT REPORT 2024 - Economic Growth in Middle-Income Countries.
WORLD DEVELOPMENT REPORT 2024 - Economic Growth in Middle-Income Countries.
 
The Economic and Organised Crime Office (EOCO) has been advised by the Office...
The Economic and Organised Crime Office (EOCO) has been advised by the Office...The Economic and Organised Crime Office (EOCO) has been advised by the Office...
The Economic and Organised Crime Office (EOCO) has been advised by the Office...
 
Junnar ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready For S...
Junnar ( Call Girls ) Pune  6297143586  Hot Model With Sexy Bhabi Ready For S...Junnar ( Call Girls ) Pune  6297143586  Hot Model With Sexy Bhabi Ready For S...
Junnar ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready For S...
 
2024: The FAR, Federal Acquisition Regulations, Part 31
2024: The FAR, Federal Acquisition Regulations, Part 312024: The FAR, Federal Acquisition Regulations, Part 31
2024: The FAR, Federal Acquisition Regulations, Part 31
 
Call Girls in Chandni Chowk (delhi) call me [9953056974] escort service 24X7
Call Girls in Chandni Chowk (delhi) call me [9953056974] escort service 24X7Call Girls in Chandni Chowk (delhi) call me [9953056974] escort service 24X7
Call Girls in Chandni Chowk (delhi) call me [9953056974] escort service 24X7
 
A Press for the Planet: Journalism in the face of the Environmental Crisis
A Press for the Planet: Journalism in the face of the Environmental CrisisA Press for the Planet: Journalism in the face of the Environmental Crisis
A Press for the Planet: Journalism in the face of the Environmental Crisis
 
Call Girls Nanded City Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Nanded City Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Nanded City Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Nanded City Call Me 7737669865 Budget Friendly No Advance Booking
 
Government e Marketplace GeM Presentation
Government e Marketplace GeM PresentationGovernment e Marketplace GeM Presentation
Government e Marketplace GeM Presentation
 
Call Girls Sangamwadi Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Sangamwadi Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Sangamwadi Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Sangamwadi Call Me 7737669865 Budget Friendly No Advance Booking
 
Finance strategies for adaptation. Presentation for CANCC
Finance strategies for adaptation. Presentation for CANCCFinance strategies for adaptation. Presentation for CANCC
Finance strategies for adaptation. Presentation for CANCC
 
VIP Call Girls Agra 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Agra 7001035870 Whatsapp Number, 24/07 BookingVIP Call Girls Agra 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Agra 7001035870 Whatsapp Number, 24/07 Booking
 
1935 CONSTITUTION REPORT IN RIPH FINALLS
1935 CONSTITUTION REPORT IN RIPH FINALLS1935 CONSTITUTION REPORT IN RIPH FINALLS
1935 CONSTITUTION REPORT IN RIPH FINALLS
 
Night 7k to 12k Call Girls Service In Navi Mumbai 👉 BOOK NOW 9833363713 👈 ♀️...
Night 7k to 12k  Call Girls Service In Navi Mumbai 👉 BOOK NOW 9833363713 👈 ♀️...Night 7k to 12k  Call Girls Service In Navi Mumbai 👉 BOOK NOW 9833363713 👈 ♀️...
Night 7k to 12k Call Girls Service In Navi Mumbai 👉 BOOK NOW 9833363713 👈 ♀️...
 
The U.S. Budget and Economic Outlook (Presentation)
The U.S. Budget and Economic Outlook (Presentation)The U.S. Budget and Economic Outlook (Presentation)
The U.S. Budget and Economic Outlook (Presentation)
 

BREXIT

  • 2. WHAT IS BREXIT? Brexit is the United Kingdom's planned withdrawal from the European Union following an advisory referendum held in June 2016 in which 52% of votes were cast in favour of leaving the EU. "Brexit" is a portmanteau of the words Britain and exit.
  • 3. WHAT IS EUROPEAN UNION? During World War II, a community for trade and economic cooperation was formed among European countries based on the wisdom that countries that trade with each other are less likely to go to war. The concept of the European Union has evolved dramatically over the last six decades.
  • 4. Member states have since joined together to form a “single market” which allows citizens to move across the continent freely. The EU currently consists of 28 countries. The body has its own parliament and laws, plus a currency that adopted 19 member states.
  • 5. WHY BREXIT? The United Kingdom (UK) is divided into two camps: Leave and Remain. Reasons of Remain camp: Economy: Britain’s imports from EU states exceed its exports, enjoying tariff-free trade, and is likely to face an economic shock if it opts to break away.
  • 6. Reasons of Leave camp: The Leave camp’s strongest argument is EU’s “unfair” immigration regime, which makes it easier for low-skilled workers from member states to settle in the UK than their counterparts from other countries. The Leave camp argues higher immigration pushes down wages by increasing the supply of workers, leaving fewer opportunities for British citizens.
  • 7. Employers from banking sector to automobile industry have warned about unemployment in non-EU UK. Britain’s currency is expected to tumble right after the Britain decides to leave, and will fall to the levels last seen 30 years ago. as per economists. The “Out” campaign, however, says a fall in the value of the pound would boost exports and has found support among some financial specialists.
  • 8. VIEW OF GLOBAL LEADERS ABOUT BREXIT The British Prime Minister David Cameron, though in the Remain camp, vowed a referendum to hear the British opinion in his 2015 election campaign. He stated, “It is time for the British people to have their say. It is time to settle this European question in British politics.” He resigned after majority of people voted to leave EU.
  • 9. Foreign leaders, from U.S. President Barack Obama to Chinese leader Xi Jinping, have called on Britain to remain in the EU, a message supported by global financial organisations, many company bosses and central bankers. IMPACT OF BREXIT IN ASIA: Britain`s shock decision to leave the European Union will not cause damage to developing Asia`s economies, the World Bank announced recently.
  • 10. PROBLEM OF SCOTLAND Scotland's First Minister Nicola Sturgeon warned British Prime Minister Theresa May of holding an independent referendum if Scotland's vote against Brexit is "not respected". Independent referendum is to get independence from UK and becoming a separate country if UK is leaving from EU.
  • 11. WHAT IS ARTICLE 50? The Treaty of Lisbon, signed in December 2007, is the European Union's most recent constitution and Article 50 makes provision for countries that want to leave. It sets out the exit process but is deliberately vague. Immediately after Article 50 is invoked, a two-year window begins during which Britain will be expected to enter talks on plans for its relationship with the rest of the Union post.
  • 12. But it's not all smooth sailing – all 28 member states have to unanimously agree to the terms of a deal meaning the negotiations could take years. The Article 50 process is a divorce: who gets the house, who gets the kids, who gets the bank accounts.
  • 13. INVOKING ARTICLE 250 On November 3, Theresa May's proposed her idea to invoke Article 50 before March 2017. The High Court ruled the Prime Minister did not have the power to trigger two-year exit process Article 50 before a vote in Parliament.