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Anuj Malhotra Sagar Yadav
Anuj Malhotra Sagar Yadav
Anuj Malhotra Sagar Yadav
ANUJ MALHOTRA
SAGAR YADAV
European Union
Unique partnership between 28 European
countries.
Horror of WWII
1951-European Coal and Steel Community
1973- UK joined to the European Economic
Community
1993-European Union was formed.
Purpose
Immigration
Sovereignty
Result of Referendum
England 53%-47%
Northern Island 44%-56%
Scotland 38%-62%
Wales 53%-47%
Change of PM
Implications on Economy
Initial Shock on Currency
Change in Credit Rating
Effect on share market
What next?
The Brexit vote will fuel concerns in Westminster that the future of the
United Kingdom is now in serious doubt.
The Scots warned during the campaign that if - as has happened - the
UK overall voted to leave the EU but Scots voted to remain, Scotland
would be taken out of the EU "against its will" and this could be the
trigger for another independence vote.
Senior SNP figures have said the vote shows Scotland sees its future in
the EU and the issue of its own constitutional status could be revisited.
First Minister Nicola Sturgeon has said the issue is now back "on the
table" while her predecessor has gone further, saying a second vote
could take place within the next two and a half years, depending on
how long it takes the UK to depart.
There are also concerns in Northern Ireland about the implications of
the Brexit vote for its relationship with the Republic of Ireland. Remain
campaigners warned that a Brexit vote could herald the return of
"hard" border controls between the North and South. The Irish
government has said the future of the border is one of a number of
priority issues in its contingency planning.
Sinn Fein has called for a vote on the reunification of Ireland but this has
been rejected by the UK government.
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