Tag: European Union

Britain left the European Union on Friday after 47 years of membership, taking a leap into the unknown in a historic blow to the bloc. Britons who cherished their membership in the bloc — and the freedom it bought to live anywhere across of 28 countries. Since the 2016 vote, the U.K. has held fractious negotiations with the EU that finally, late last year, secured a deal on divorce terms. But Britain is leaving the bloc arguably as divided as it was on referendum day.

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. About Brexit 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.