Brexit (event)

Background#

• The EU was founded with the goals to spread democracy and human rights.
• Just over one year after being founded, they planed methods of sharing resources and strengthen ties between countries (mostly trade).
• In 1973 the UK joins the EU.
• The EU created standard regulations for trade across countries.
• Also created border-free travel.
• Created the euro in 1999, but the UK doesn’t hop in just yet.
• The UK claimed to be the EU’s biggest trade partner¹.
• Many, at the time of Brexit, viewed that after the UK joined the EU that their government lost control.

Brexit#

• Britain has always remained fairly large in the world of economic powers, this created an attitude that the UK was giving more than they received from the EU.
• The UK was never really fully in the UK to begin with, they where one of the few countries to primarily maintain their currency (GBP) over the EUR.
• Being apart of the EU limits the UK as an economic power as standard regulations revoke their full control.

Problems#

• Boris Johnson rushed brexit.
• The GBP hasn’t been able to, or hasn’t had enough time to, get back to it’s value, relative to the EUR, before Brexit.
• Leaving the EU removes trade benefits that decreased the prices of goods.
• The cost of traveling from the UK to the EU increased.