BREXIT

• Referendum to leave took place on June 23, 2016
• The UK began official exit paperwork with the EU in March 207
• UK Government has been negotiating the exit since the (circa late 2018)
• Difficulty is that members of parliament have different views
• Some don't want brexit, others want hard brexit - has made it hard to agree on a deal
• The EU has imposed harsh conditions:
• 50+ Billion in liability payments
• Creating a border between Ireland and Northern Ireland
• Article 50 in 2017 gave the UK 24 months to exit (they are out whether there is a deal or not)
• 2019 is deadline for final exit with our without negotiated terms
• Kind of like a Divorce:
• UK kinds of wants it (some do, some don't)
• EU does not want it

Benefits of Being In the EU:

• Open access to trade with the rest of Europe
• Open access of people and goods with the rest of Europe

Downsides to Being in the EU

• Have to follow EU rules & regulations 
• Also have to accept EU rules on migration - and migrant targets

2018

• UK government asked pharmaceutical companies to stockpile medicines in preparation for the exit
• Bank of England warn that housing prices could drop up to 35% due to BREXIT
• Some are calling for a new referendum to repeal BREXIT