British exit from the European Union (EU) is commonly shortened as Brexit, and took place on June 23rd 2016 (Alex and Brian, 2016). It is common to how the Greek exit from the euro was also dubbed Grexit. A referendum was held to decide whether the UK citizens would still remain in the EU or exit the union. But unfortunately, United Kingdom Citizens voted in unison for withdrawal from the European Union where they had been members for a long period of time. From the vote results close to about 53.4% voted to withdraw from EU while just about 46.6% of all the Britons voted against withdrawing from the EU.
Since referendum, which the former Prime Minister David Cameron was obviously against, a lot has taken place in the United Kingdom. Since then, UK has had a new Prime Minister Theresia May who also just like David Cameron, was against the Brexit but she later on said it was the will of the people and she had to respect it, for that is what democracy dictates (Alice, 2016). As much as the Britons exited the Union, there is still a lot of debate on how their operations and businesses for instance will continue thriving across Europe. This has led to a state where the British Authorities are tongue tied and keep pondering about exactly what to do about it.
Logically speaking, there are about three main reasons which the Britons laid down as their basis of action, which is exiting the EU. Looked at keenly, one can see the sense in them but still the reasons are debatable as to whether they were really a priority issues for the UK citizens. One of the obvious reasons was the fact that United Kingdom had forty years ago, held such a referendum to exit the formerly called European Economic Community (EEC) which was the precursor of EU, but failed to get a voter turnout which could enable them exit. Here, one can tell that UK had for a long time desired to leave the EU and this time round when a question of exiting was raised, they collected themselves well to leave.
Secondly, many had tried to exit the EEC and later on the EU but recorded a failure. For example the Labor Party attempted to win the elections of 1983 on the basis of exiting the EU but a failure resulted and Margaret Thatcher was re-elected. Alice (2016) further reports that James Goldsmith also contested the elections of 1997 with a promise to present a referendum for British leaving the EU, but he failed and only managed a 2.6%. David Cameron also declared calling for a referendum if re-elected although he later on rejected it and even promised he would resign if the UK voted to leave EU. All these show that UK for a long time, had thirst of exiting the European Union and the time had not just come yet.
As much as Brexit has been voted for tremendously by the UK citizens, the process of leaving the Union takes another two years since both parties have to agree on terms of exit as depicted in the Article 50 of the Lisbon Treaty (Malik, 2016). Away from this, Malik further says that there a number of implications which Brexit is likely to face which include; turbulence on their economy as well as the imbalanced fate of the UK nationals who are working in the EU or citizens of any other EU member state who could want to work in the UK. In the real sense, there are a number of negative implications attached to it as much as the UK wanted to be a standalone country and the decision to withdraw from the EU could have been rethought.
Alex, H., and Brian, W. (2016). Brexit: All you need to know about UK leaving the EU. BBC News.
Alice, F. (2016). What is Brexit and what is going to happen now that UK has voted to LEAVE the EU? Sunday Express Logo Poppy
Malik, F. (2016). Brexit and its Implications on the U