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.