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What Is Brexit? And How Is It Going?
Let’s start with the basics.
Leaving is a big deal economically.
Brexit’s supporters say their aim is a ‘Global Britain.’
In Northern Ireland, Brexit is waking old demons.
Scotland could make its own split.
The fishing industry remains a sore point.
What’s next?
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Uddrag
Britain broke from the European Union’s regulatory orbit on Jan. 1, casting off nearly a half-century inside the bloc and embarking on what analysts described as the biggest overnight change in modern commercial relations between countries.
Far from closing the book on Britain’s tumultuous relationship with the rest of Europe, the split, known as Brexit, has opened a new chapter — one that could reshape not only the country’s economy, foreign policy and politics, but even its borders.
Prime Minister Boris Johnson speaks of creating a more agile “Global Britain,” with stronger ties to the United States and other democracies, like Australia, India and South Korea.
But while that plan has hit setbacks, risks from the new dispensation have quickly become evident, including on empty supermarket shelves as the country struggles with a shortage of truck drivers.
And arrangements for the sensitive territory of Northern Ireland have fueled rioting and diplomatic tensions.
Let’s start with the basics.
Why “Brexit”?
A portmanteau of the words Britain and exit
Brexit caught on as shorthand for the proposal that Britain leave the European Union and change its relationship with the bloc on trade, security and migration.
Britain has debated the pros and cons of a club of European nations almost since the idea was broached, after World War II.
It finally joined in 1973 — and held a referendum on whether to leave less than three years later. Then, 67 percent of voters supported staying.
But that was hardly the end of the argument.
In 2013, Prime Minister David Cameron promised a new national referendum.
The options were “remain” or “leave,” and Mr. Cameron was convinced that “remain” would win easily.
But by the time of the vote on June 23, 2016, a refugee crisis had made migration a subject of political rage across Europe.
After an acrimonious campaign, in which the “leave” side was criticized as pushing misleading and contradictory messages and later accused of breaking election rules, withdrawal from the European Union emerged with the support of 52 percent of voters.
Leaving is a big deal economically.
Europe has been Britain’s most important export market and its biggest source of foreign investment, and E.U. membership helped London cement its position as a global financial center.
For decades, British companies could move goods to and from the European Union without taxes or tariffs. People could move freely, too.
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