Search results
Results from the WOW.Com Content Network
On 5 January 2017, Andy Haldane, the Chief Economist and the Executive Director of Monetary Analysis and Statistics at the Bank of England, admitted that forecasts predicting an economic downturn due to the referendum were inaccurate and noted strong market performance after the referendum, [24] [25] [26] although some have pointed to prices ...
The economic effects of Brexit were a major area of debate [1] during and after the referendum on UK membership of the European Union. The majority of economists believe that Brexit has harmed the UK's economy and reduced its real per capita income in the long term, and the referendum itself damaged the economy.
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 ...
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.
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]
Speaking the day after the vote, in the Commons at Prime Minister's Questions, May said, "We have seen concerns raised about the role of Parliament in relation to the Brexit process. What I agreed yesterday is that, as the Bill goes back to the Lords, we will have further discussions with colleagues over those concerns.
In the first referendum in 1975, continued membership of what was then the European Communities (which included the European Economic Community, often referred to as the Common Market in the UK) [a] was approved by 67.2% of voters, while in its second referendum in 2016 voters voted by 51.9% to leave the European Union, effectively reversing ...
After that time, unless an extension has been agreed or the withdrawing state revokes its intention to withdraw, the membership ends regardless of whether or not an agreement was reached. If an agreement has been reached before the deadline, the withdrawing state may end their membership at any time before the deadline.