BREXIT

Presented by
Sadia Safwat ID 1039
Nabila Rahman ID
Asiful Hasan ID: 1045
 BREXIT

"Britain Exit,"
 Shorthand for Britain’s split from the European
Union, changing its relationship to the bloc on trade,
security and migration.
It follows the referendum of 23 June 2016 when 51.9
per cent of voters chose to leave the EU
 European Union

• A Political and Economic union of 28 member states.

• Has developed an internal single market through a

standardized system of laws
Background of EU
(1945–57)
(1957–92)
Preliminary
(1992–2007)
Treaty of
Rome (2007-present)
Maastricht
Treaty Lisbon Treaty
 ICELAND

1951 FINLAND
NORWAY

Founding Members SWEDEN

ESTONIA

DENMARK LATVIA
IRELAND
LITHUANIA
Belgium UNITED
KINGDOM

France BELGIUM
NETHERLAND
GERMANY
POLAND

LUXEMBOURG
Germany FRANCE
CZECH REPUBLIC
SLOVAKIA

Italy SWITZERLAND AUSTRIA

HUNGARY
SLOVENIA ROMANIA
Luxembourg PORTUGAL
ITALY
CROATIA
SERBIA
BOSNIA-HR
Netherlands SPAIN MONTENEGRO BULGARIA

FYROM
ALBANIA
TURKEY

GREECE

CYPRUS
MALTA
 GOAL

The fundamental goal of EU are to promote greater

social political and economic harmony among the nations
of the Western Europe.
Vote
Reasons
Reasons to LEAVE Reasons to STAY
• Too many rules on trading • Easier trading between EU countries
• Membership fee • public services
• To make its own laws again • Flow of immigrants fuels economic
• Immigration growth
• Secure
• Power
Initial Impact

• The value of pound was down by 2% against US Dollar

and hit the lowest since 2009 immediately after
Brexit decision.
• Stock markets and currencies on Friday 24 June
2016, the FTSE 100 fell from 6338.10 to 5806.13 in
the first ten minutes of trading.
• It’s dropped 1.3% lower against the Euro.
Impact on Britain
Pros and Cons.
Pros:

 Free International trade: Leaving the EU, Britain will be able to independently
access the international trade deals. You will have an opportunity to negotiate for
new deals and a chance to move goods freely.

 No membership cost: You no longer have to pay for EU membership fee which can
hinder the free movement of goods to the international market.

 No more EU trade regulations costs: Exit from EU will allow Britain to set its own
regulations for the members. E.g. rules on value-added tax.

•
Impact on Britain (cont.)
 Reduced red tapes: Reduced policies have enabled firms to
increase their productivity potential and reduce cost spend on
adhering to bureaucratic policies. Consumers can also benefit
from reduced cost.

 Lower Costs: Lower supermarket costs reduced barriers to

customs and tariffs and other trade costs will save the British
household £933 per year.

 Control immigration: The UK government will be able to control

and regulate the immigration of individual in its member state.
Impact on Britain (cont.)
• 7. Security: The new immigration laws will make it difficult for a terrorist to
enter the UK and also make it easier for the UK to deport violent criminals which
were a difficult task with EU courts.

• 8. Independent: Britain will have a chance to influence world decisions as an

independent nation.

• 9. Better Employment: Increased wages and job creation. Exit from EU will lead
to fewer regulations in the workplace environment. This encourages talent pools
from neighboring countries.

• 10. Opportunity for Companies: Britain companies will no longer have the
mandate to follow the strict laws set by the EU.
Impact on Britain (cont.)

Cons :

Loss in Business.
 No Free Trade Negotiations:
Barriers to EU workers
Less Educational Funds
Impact on Britain (cont.)

 Loss of influence
 Increase Energy Bills
 Less Educated Manpower
 Reduced investment fee
 More Policy in Ground
 70% of major business expect damage if UK leave the EU
 TTIP (Transatlantic Trade and Investment Partnership)
 CETA (The Comprehensive Economic and Trade Agreement)
between Canada and EU will also not benefit UK if Brexit
happens.
 Impact of Bangladesh

Devaluation of Pound
Export business
Recession
Remittance
GSP
Impact on World Economy

• Global financial market volatility can be readily

expected. Markets across the world will tank.
• The pound will depreciate against most major
economies.
• Brexit could reduce economic growth
Process of Leaving

• Undoing 46 years of economic integration in one

stroke was never going to be easy
• Both Britain’s main parties, the governing
Conservatives and the Labour opposition, are divided
over what to do, leaving Parliament so factionalized
that there may be no coherent plan most lawmakers
would back.
 “Article 50”

Article 50 says: “Any member state may decide to withdraw from the union in
accordance with its own constitutional requirements.”

It specifies that a leaver should notify the European council of its intention,
negotiate a deal on its withdrawal and establish legal grounds for a future
relationship with the EU. On the European side, the agreement needs a
qualified majority of member states and consent of the European parliament.
“No Deal”
A no deal Brexit means the UK would leave the European Union
(EU) immediately on 29 March 2019, and there would be no
agreements in place about what their relationship would be like
in future
• “Hard" Brexit could involve the UK refusing to compromise on
issues like the free movement of people even if it meant
leaving the single market or having to give up hopes of aspects
of free trade arrangements. Trade and travel on the island of
Ireland would become more complicated under a hard Brexit.
• “Soft" Brexit might follow a similar path to Norway, which is a
member of the single market and has to accept the free
movement of people as a result of that.
• Backstop
The UK and EU agreed to put in place a “Backstop" - a kind of
safety net to ensure there is no hard border whatever the
outcome of future trade talks between the UK and the EU.