A referendum held on 23 June 2016 decided 48.10% wanted to remain and 51.9% to leave the European Union. The UK was to leave the Union on 29 March 2019, two years after it started the exit process invoking Article 50. EU granted an initial extension of Article 50 process until 12 April 2019. But the withdraw agreement was rejected three times by UK MPs. This lead Prime Minister Theresa May to resign.
EU leaders have now backed six-month extension until 31 October 2019. The next prime minister in charge top priority will be to solve the Brexit deal.
There are looming questions, could Brexit be delayed, could it be cancelled, could there be another referendum. But higher chances are it will leave the Union. If it leaves, there are two outcomes; deal or no deal. British priority is to come up with a deal to ensure a smooth transition period. If there is no deal; British citizens who travel to EU for more than 90 days will need to apply for a visa, drivers may need extra documentation to drive in EU countries, importing goods from the EU is more likely to be expensive. No deal doesn’t mean the end of the trade with EU nations, it will automatically fall back on World Trade Organization (WTO) rules.
