Search results
Results from the WOW.Com Content Network
On 19 July, the International Monetary Fund (IMF) reduced its 2017 economic growth forecast for the UK from 2.2% to 1.3%, but still expected Britain to be the second fastest growing economy in the G7 during 2016; the IMF also reduced its forecasts for world economic growth by 0.1% to 3.1% in 2016 and 3.4% in 2017, as a result of the referendum ...
In particular, there was a broad consensus among economists and in the economic literature that Brexit would likely reduce the UK's real per capita income in the medium and long term, and that the Brexit referendum itself would damage the economy.
Between 2017 and 2019, representatives of the United Kingdom and the European Union negotiated the terms of Brexit, the UK's planned withdrawal from membership of the EU.. These negotiations arose following the decision of the Parliament of the United Kingdom to invoke Article 50 of the Treaty on European Union, which in turn followed the UK's EU membership referendum on 23 June 2016 in which ...
The referendum was first announced by then-Prime Minister David Cameron on 23 January 2013. Cameron announced that he would attempt to re-negotiate Britain's terms with the EU before holding an in-out referendum no later than two years after the next general election – should he still be prime minister. [88]
Several allegations of unlawful campaigning and Russian interference arose during and after the referendum. The results recorded 51.9% of the votes cast being in favour of leaving. Most areas of England and Wales had a majority for Leave, and the majority of voters in Scotland, Northern Ireland, Greater London and Gibraltar chose Remain. Voter ...
The technical name of these types of votes used internationally is referendum, but within the United States they are commonly known as ballot measures, propositions or ballot questions. The term referendum in the United States normally refers specifically to questions about striking down enacted law, known internationally as the popular referendum.
Financial referendums have a moderating and disciplining effect on public funds and reduce centralization of government spending. [3] Disproportionately high or unpopular expenditure will most likely not be approved by the citizens in referendums, and referendums are associated with significantly lower public expenditure and taxes.
A referendum, plebiscite, or ballot measure is a direct vote by the electorate (rather than their representatives) on a proposal, law, or political issue. [1] A referendum may be either binding (resulting in the adoption of a new policy) or advisory (functioning like a large-scale opinion poll).