![]() ![]() will continue to remain in the EU single market and customs union, at least for 11 months. A formal exit doesn’t mean that the tedious Brexit process is over.The accord will be put on vote in the House of Commons once more, and then the upper chamber, the House of Lords, will vote on it.It has an arrangement to avoid physical barriers between the Northern Ireland (part of the U.K.,) and the Republic of Ireland (EU member).The agreement deals with issues such as citizens’ rights, the settlement amount the U.K.The deal got the support of 358 lawmakers against 234.Surge in the number of Brexiteers among Conservative lawmakers.His party had a resounding win in the parliamentary election and.The passage of the Bill in the House of Commons was a mere formality as,.Johnson became Prime Minister after his predecessor Theresa May’s repeated attempts to get lawmakers’ support for her Brexit deal failed. With the passage of Prime Minister Boris Johnson’s Brexit deal in British Parliament, it is now almost certain that the country would exit the European Union (EU) on or before January 31, 2020. The ‘Brexit’ is also going to hamper India’s access to European markets.Concern among Indian investors of the negative impact of the British exit from the EU.This may give momentum to the nationalistic, anti-migrant message and policies of populist, right wing parties that are already rising across Europe and elsewhere. There could be political consequences of Brexit as well.The destabilization of EU could affect the global economy.Britain may also loose the labour force that came from Europe and helped in increasing its productivity and economic growth.EU membership has been crucial to establishing London as a global financial centre in Europe.Leaving European Union would hurt Britain financially because European Union is Britain’s most important export market and its greatest source of foreign direct investment.The Eurozone crisis added to their resentment. They essentially were opposed to immigration of people into Britain for work related purpose. Those who won the referendum argued that leaving EU was necessary to protect the country’s identity, its culture, independence and its place in the world.There was a referendum held on Jasking voters: “Should the United Kingdom remain a member of the European Union or leave the European Union?” The result was 52% voted to leave the EU and 48% wanted to remain in the EU. ![]() Brexit means “Britain” and “Exit.” It is the nickname given for Britain’s exit from the European Union.UPSC EPFO Previous Year Question Papers. ![]()
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