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Following the referendum, the UK was engaged from 2017 to 2019 in negotiations with the European Union to leave the EU. Between the UK and EU, the so-called "Brexit" – a portmanteau of "Britain" and "exit" – would consist of a withdrawal agreement and a trade agreement; however, at a global level this might also split various other trade ...
Membership of the EEA is a consequence of membership of the European Union (EU). The UK ceased to be a Contracting Party to the EEA Agreement after its withdrawal from the EU on 31 January 2020, as it was a member of the EEA by virtue of its EU membership, but retained EEA rights during the Brexit transition period, based on Article 126 of the ...
If the UK applied to rejoin the EU, it would need to apply and have its application terms supported unanimously by the EU member states. [9] In January 2020, the political scientist Anthony Salamone wrote that member state support would seek "significant, stable and long-lasting majority public opinion in favour of rejoining", suggesting ...
The UK first applied to join them in 1961, but this was vetoed by France. [12] A later application was successful, and the UK joined in 1973; two years later, a national referendum on continuing EC membership resulted in 67.2% voting “Yes” in favour of continued membership, on a 64.6% national turnout. [12]
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In a referendum in June 2016, the United Kingdom voted to withdraw from the EU. The UK government triggered Article 50 on 29 March 2017. [23] After an extended period of negotiation and internal political debate the UK eventually withdrew from the EU on 31 January 2020. [24] [25] Prior to 2016, no member state had voted to withdraw.
On 10 December 2018, the European Court of Justice ruled that it would be “inconsistent with the EU treaties’ purpose of creating an ever closer union among the peoples of Europe to force the withdrawal of a member state” against its wishes, and that consequently an Article 50 notification may be revoked unilaterally by the notifying ...
The United Kingdom did not seek to adopt the euro as its official currency for the duration of its membership of the European Union (EU), and secured an opt-out at the euro's creation via the Maastricht Treaty in 1992, wherein the Bank of England would only be a member of the European System of Central Banks.