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10 Jul 2016

UK rejects second Brexit referendum

Brexit: The fallout and the future

The UK government rejected a petition signed by over 4.1 million citizens that sought a second referendum on Brexit.

The government rejected the petition stating that over 33 million citizens had made their choice already and the "decision of the people must be respected."

According to law, any petition in the UK that manages to acquire over 100,000 signatures must be debated by Parliament.

In context

Brexit: The fallout and the future

Introduction

What is the European Union?

French Politician, Robert Schuman proposed a community that would be open to all nations, keeping Germany's peaceful interests in mind.

The 1952 European Coal and Steel Community Treaty and the 1957 Treaty of Rome (signed by six countries) laid the foundation for the European-Union.

In 1973, British PM Ted Heath joined the EU keeping Britain's political and economic integration, and stronger future in mind.

The Maastricht Treaty

The Maastricht Treaty or the Treaty of Europe was signed in Maastricht , Netherlands on 7 February 1992 and enforced in 1993. It created the EU along with the Euro -single European currency. It further introduced European citizenship.

PM Cameron announces Brexit referendum date

2015-16

PM Cameron announces Brexit referendum date

Britain stood firm for renegotiating the EU ties as experts warned Brexit would harm the UK.

In 2015, Queen Elizabeth unveiled the UK's plan for an in/out EU referendum.

In Feb'16, Cameron and EU Chief-Donald Tusk met to renegotiate four areas as Britain wanted, but no decision was taken.

On 20 Feb'16, Cameron declared that the Brexit referendum would take place on 23 Jun'16.

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Post Brexit

51.5% voters favor Brexit; PM Cameron resigns

Over three years after British Prime Minister David Cameron had unveiled his strategy to hold the Brexit referendum, a majority of Britons voted to leave the EU.

Cameron, who urged voters to vote for the 'remain' camp, announced his resignation after vote.

He said he would help "steady the ship" in the coming weeks and months; he added he would leave office in Oct'16.

Could Brexit trigger a breakup of the UK?

Break Up?

Could Brexit trigger a breakup of the UK?

Brexit could also change the UK as it could trigger a break-up of the UK; there's a danger that the Kingdom wouldn't stay united for very long.

The UK is made up of four nations -England, Wales, Scotland and Northern Ireland.

Scotland has already favored remaining in the EU and hinted at holding another referendum; the country was prompted to consider exiting the UK.

Problems

Migrants, finance to witness severe shake-up

Financial Services -the UK's most profitable industry is expected to face risks of significant decline in over 30 years.

It is also predicted that the UK's uncertain relationship with the EU, its biggest trading partner, could lead the country into recession.

Significant uncertainty for EU migrants in Britain also followed Brexit; free movement of the citizens of EU countries could have a profound effect.

10 Jul 2016

UK rejects second Brexit referendum

The UK government rejected a petition signed by over 4.1 million citizens that sought a second referendum on Brexit.

The government rejected the petition stating that over 33 million citizens had made their choice already and the "decision of the people must be respected."

According to law, any petition in the UK that manages to acquire over 100,000 signatures must be debated by Parliament.

May to invoke Article 50 triggering Brexit by 2019

02 Oct 2016

May to invoke Article 50 triggering Brexit by 2019

British Prime Minister Theresa May has stated that she will invoke Article 50 of the Lisbon Treaty by early 2017, paving the way for a 2019 Brexit.

The invocation of Article 50 triggers the start of the formal Brexit process which would take approximately 2 years to culminate.

She also seeks to repeal all formal European laws, transitioning to domestic laws in UK.

04 Nov 2016

UK Government loses in Brexit court

The High Court ruled that the Parliament has to cast a vote on the process of Brexit.

This ruling means that the government cannot independently exercise Article-50 of the Lisbon treaty- the inception of formally exiting the EU.

On this judgment, PM Theresa May's spokesperson said, "We are determined to continue with our plan."

The government is appealing; the hearing is expected next month.

UK's Supreme Court: Govt. can't trigger Brexit without parliament's approval

24 Jan 2017

UK's Supreme Court: Govt. can't trigger Brexit without parliament's approval

Britain's Supreme Court has ruled that the government can't trigger the Brexit process without an act of parliament.

It ruled that the Scottish Parliament and Welsh and Northern Ireland assemblies need not consent to trigger the Brexit.

The judgement means PM Theresa May can't begin negotiations with the EU without the backing of MPs.

The government earlier argued it didn't need parliamentary consent.

26 Jan 2017

Britain to seek parliamentary approval to begin Brexit

British PM Theresa May said the government would push a legislation seeking parliamentary approval to begin the formal Brexit process. The Supreme Court ruled that parliamentary consent was required before Brexit processes can begin.

May added that Britain would quit the EU's single market when it leaves the EU.

She said she would publish a white paper on the government's Brexit plan.

02 Feb 2017

Brexit bill clears first hurdle in UK parliament

MPs in Britain's House of Commons voted 498-114 in favour of a bill allowing PM Theresa May to begin Brexit negotiations with the EU by invoking Article 50 of the Lisbon treaty.

May had set March 31 as a deadline for invoking Article 50.

The bill still needs the approval of the House of Lords, which has several anti-Brexit MPs.

06 Feb 2017

Scotland needs its own immigration deal: Committee

According to a cross-party Scottish parliamentary committee, Scotland should seek an independent immigration deal within Brexit.

The committee reviewed the economic impact of migration on Scotland; Scotland voted to retain membership in the EU.

The committee said, "The committee believes that there are acute risks to Scotland of a loss of the existing EU migrants or a decline in future migration."

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