POST COLD WAR WORLD
INTEGRATION OF EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ukodus:The UK exodus from the EU.
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Breft:The British left the EU.
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Englout:England is out of the EU.
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Brexit:The British exit from the EU.
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Detailed explanation-1: -The 2016 United Kingdom European Union membership referendum, commonly referred to as the EU referendum or the Brexit referendum, took place on 23 June 2016 in the United Kingdom (UK) and Gibraltar to ask the electorate whether the country should remain a member of, or leave, the European Union (EU).
Detailed explanation-2: -Factors included sovereignty, immigration, the economy and anti-establishment politics, amongst various other influences. The result of the referendum, which was not legally binding, was that 51.8% of the votes were in favour of leaving the European Union.
Detailed explanation-3: -UK GDP is 5.5 per cent lower than that of the doppelgänger. Investment is 11 per cent lower; goods trade, 7 per cent lower; and services trade is around the same. The Brexit hit has inevitably led to tax rises, because a slower-growing economy requires higher taxation to fund public services and benefits.