Brexit: A Comprehensive Guide
Introduction
Brexit is a term coined by mainstream media and social networks to describe the United Kingdom's withdrawal from the European Union (EU). It is a portmanteau of the words "British" and "exit."Background
On March 2017, the UK officially declared its intention to leave the EU. This was followed by negotiations over the terms of the withdrawal.
Meaning of Brexit
Brexit is the short form for "British Exit." It refers to the UK's decision to leave the EU, a process that became effective on January 31, 2020.
Impact of Brexit
Brexit has had a significant impact on the UK, including:
- Economic changes, such as fluctuations in currency value and trade
- Political changes, such as the rise of Eurosceptic sentiment and the formation of new political parties
- Social changes, such as increased immigration and challenges to national identity
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