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    Brexit

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    Shubham
    The document discusses the history of the UK's membership in the EU, arguments for and against remaining in the EU ("Brexit"), and potential consequences of a no-deal Brexit. It notes that the UK joined the EU in 1973 and held a referendum in 1975 approving membership. A withdrawal agreement between the UK and EU covered issues like citizens' rights, payments owed by the UK, and preventing a hard border in Ireland. Leaving without a deal could result in higher food and energy prices, drug shortages, and imported goods from the EU becoming more expensive.

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    Brexit

    Uploaded by

    Shubham
    97 views20 pages
    The document discusses the history of the UK's membership in the EU, arguments for and against remaining in the EU ("Brexit"), and potential consequences of a no-deal Brexit. It notes that the UK joined the EU in 1973 and held a referendum in 1975 approving membership. A withdrawal agreement between the UK and EU covered issues like citizens' rights, payments owed by the UK, and preventing a hard border in Ireland. Leaving without a deal could result in higher food and energy prices, drug shortages, and imported goods from the EU becoming more expensive.

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    The document discusses the history of the UK's membership in the EU, arguments for and against remaining in the EU ("Brexit"), and potential consequences of a no-deal Brexit. It notes that the UK joined the EU in 1973 and held a referendum in 1975 approving membership. A withdrawal agreement between the UK and EU covered issues like citizens' rights, payments owed by the UK, and preventing a hard border in Ireland. Leaving without a deal could result in higher food and energy prices, drug shortages, and imported goods from the EU becoming more expensive.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    97 views20 pages

    Brexit

    Uploaded by

    Shubham
    The document discusses the history of the UK's membership in the EU, arguments for and against remaining in the EU ("Brexit"), and potential consequences of a no-deal Brexit. It notes that the UK joined the EU in 1973 and held a referendum in 1975 approving membership. A withdrawal agreement between the UK and EU covered issues like citizens' rights, payments owed by the UK, and preventing a hard border in Ireland. Leaving without a deal could result in higher food and energy prices, drug shortages, and imported goods from the EU becoming more expensive.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
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    At a glance
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    The document discusses the history of the UK's relationship with the EU and the Brexit referendum. It also outlines some of the arguments for leaving and remaining in the EU.

    Arguments for leaving the EU include reducing membership fees and bureaucracy as well as regaining control over laws and immigration. Arguments for remaining include continued access to EU markets and increased security through EU cooperation.

    The Irish backstop is a proposed agreement to avoid a hard border between Ireland and Northern Ireland after Brexit by keeping Northern Ireland in the EU customs area.

    BRIEF HISTORY

    UK joined the European Economic community(EEC) in1973.


    Referendum in 1975 was passed in favor.
    2014 EU parliament elections-UKIP 25%
    2015 General elections in UK.
    Conservatives promised a referendum.
    WHY DEMAND FOR “BREXIT” ?

    EU charges billions of pound a year in membership fees for little return.
    Too much red tapism.
    Robs members of control over their own affairs - law making power.
    Immigration affecting UK hard.
    Britain could reinvent itself as a Singapore-Style supercharged economy.
    Nigel Farage Boris Johnson
    WHY STAY?

    Selling things to other EU countries.


    Flow of immigrants ,most of whom are young and keen to work ,fuels
    economic growth.
    More secure as a part of 28 nations club.
    Bargaining power at word table.
    David Cameron Theresa May
    Jeremy Corbyn
    WHAT IS THE BREXIT DEAL?

    The deal consisted of a withdrawal agreement - which set out the terms for the
    "divorce" process. There was also a political declaration - which outlined the
    future relationship between the UK and EU.
    The withdrawal agreement covered a range of things including:
    • the rights of EU citizens in the UK and British citizens in the EU
    • how much money the UK was to pay the EU (widely thought to be £39bn)
    • the backstop for the Irish border
    Londo
    n
    TREATY OF LISBON:
    ARTICLE 50 AND ITS INVOCATION
    WHAT IS BACKSTOP FOR THE IRISH BORDER

    The Irish backstop is the name given to a draft agreement between the 


    United Kingdom and the European Union that aims to prevent 
    an evident border (one with customs controls) between the Republic of
    Ireland and Northern Ireland after 
    the United Kingdom leaves the European Union.
    Known formally as the Northern Ireland Protocol,
    CURRENT SCENARIO
    What happens if United
    Kingdome leaves
    European Union without
    a deal ?
    FOOD BECOMES EXPENSIVE
    ELECTRICITY AND GAS PRICES GOES UP

    Where does the UK's gas come from?


     46%UK domestic production
     45%Imported via European pipelines,
    Inc. from Russia and Norway
     8%Liquefied natural gas imports

    Source: Department for Business, Energy and Industrial


    Strategy, 2018 provisional data (figs may not total
    100% due to rounding)
    DRUGS IN SHORT SUPPLY
    1. More than 12,000 medicines are used by the
    NHS, and about 7,000 come from or via the EU.
    2. The government has announced a further £434m
    of funding and other measures, including:
     extra warehouse space for medicines
     securing additional roll-on, roll-off freight
    capacity in ports away from Dover and
    Folkestone
     building buffer stocks
     booking plane space for products requiring
    immediate shipment
     making changes to regulatory requirements
     strengthening processes to deal with shortages
    IMPORTING GOODS FROM THE EU MAY GET MORE EXPENSIVE
     Economy in Tailspin…. Doing very badly ,says Nobel laureate Abhijit Banerjee.
    “The Indian economy is going into a Tailspin; it is the time when you don’t worry so much about monetary
    stability and you worry little bit more about demand. I think demand is a huge problem right now in the
    economy”-said Abhijit Banerjee.

     Blackstone, KKR join race for India’s Emami Cement


    Blackstone Group Inc. and a rival consortium led by KKR & Co. are considering bids for cement unit od Indian
    cosmetics to paper conglomerate Emami Group. TPG Capital is also weighing a bid for Emami Cements Ltd.
    And could look for a local partner. KKR also in talks with Nirma Ltd, a maker of detergent to team up with.

     Flipkart to start selling food through FramerMart


    Newly registered Flipkart FarmerMart , with an authorized equity capital of 1845 crore ,will sell items
    produced locally. Sales will be initially online, although the company can also sell through physical stores.

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