- The UK government has ordered a new set of commemorative coins to mark the latest Brexit deadline of January 31, 2020 after having to melt down thousands with missed deadlines this year.
- The Royal Mint had commissioned special coins to mark the UK’s scheduled exit from the European Union (EU) first by March 29 this year and then October 31 this year, both deadlines which were missed amid parliamentary deadlock.
- It is an abbreviation for the term “British exit”, similar to “Grexit” that was used for many years to refer to the possibility of Greece leaving the Eurozone. Brexit refers to the possibility of Britain withdrawing from the European Union (EU). The country will hold a referendum on its EU membership on June 23.