BREXIT

All About Brexit

What is Brexit?

Brexit - British exit - refers to the UK leaving the EU.

What is the European Union?

The EU is an economic and political union involving 28 European countries. It allows free trade and free movement of people, to live and work in whichever country they choose.

The UK joined in 1973 (when it was known as the European Economic Community). If the UK leaves, it would be the first member state to withdraw from the EU.

Why is the UK leaving?

A public vote - or referendum - was held on Thursday 23 June 2016, to decide whether the UK should leave or remain.

Leave won by 52% to 48%. The referendum turnout was very high at 72%.

New Brexit deal:

The revised plan effectively creates a customs and regulatory border between Northern Ireland and Great Britain. This means some goods entering Northern Ireland from Great Britain would have to pay EU import taxes.
For goods that are at risk of entering the EU market, EU tariffs will be applied.
For goods entering Northern Ireland from third countries not entering the EU market, UK tariffs will be applied.

Why Delay in Brexit deal?

Due to Withdrawal Amendment Bill

What is Withdrawal Amendment Bill?

1. It sets out exactly how the UK will make "divorce bill" payments to the EU in future

2. It repeals the European Communities Act, which took the UK into the EU.

3. Setting up a customs and regulatory border between Northern Ireland and Great Britain.

4. It sets out areas in which the European Court of Justice still plays a role in the UK.

5. On workers' rights in the UK

6. Setting up an Independent monitoring authority (IMA) for grievance redressal of EU nationals.

7. In several policy areas, particularly in Northern Ireland, the bill gives ministers a lot of power to change the law (through secondary legislation) without MPs getting to vote.

Good Friday Agreement, 1998

The Belfast Agreement is also known as the Good Friday Agreement, because it was reached on Good Friday, 10 April 1998. It was a peace agreement between the British and Irish governments, and most of the political parties in Northern Ireland, on how Northern Ireland should be governed.

Source: THE HINDU

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