Brexit Crisis

About

The Brexit crisis refers to the United Kingdom's withdrawal from the European Union, a process that began with a referendum in June 2016. The vote resulted in a narrow majority favoring departure, leading to a complex and contentious negotiation period. The UK formally initiated the withdrawal process by invoking Article 50 in March 2017, setting a two-year timeline for exit. However, the process was marked by political deadlock and multiple extensions of the deadline. Key challenges included disputes over the Irish border, financial obligations, and the role of the European Court of Justice. Theresa May's initial withdrawal agreement was rejected by Parliament multiple times, leading to her resignation. Boris Johnson succeeded her and negotiated a revised agreement, which was ratified by both the UK and EU in January 2020. The UK officially left the EU on January 31, 2020, entering a transition period that ended on December 31, 2020. The crisis exposed deep divisions within the UK and had significant economic and political implications.