25 Things You Might Want To Know About Brexit

In a completely unprecedented event, the United Kingdom has decided to leave the European Union. In a referendum known as Brexit, UK voters turned up in remarkable numbers to cast their votes. After much campaigning from both sides of the issue over the past several months, constituents in favor of leaving have made their voices heard. Like most political bombs, much of the impact is yet to be seen. The unknown is perhaps what scares people the most. Although much still remains to be seen, there is no doubt that the decision has already had an impact on the world. While we sit and wait to see what is to come, we thought we would share with you this list of a few cursory facts on Brexit and some of its immediate effects. Here are 25 Things You Might Want to Know About Brexit.

Feature image: youtube.com

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Brexit is a combination of the words Britian and exit, and it stands for the Referendum of the United Kingdom's membership of the European Union. In layman's terms, the decision whether the UK should stay or leave the EU was put to a vote. With a vote of 52% to 48%, the UK has decided to leave the EU.

brexitSource: investopedia.com, bbc.com; image: youtube.com

The Brexit referendum has had a significant adverse impact on the global market.The stock markets have plummeted and the British pound has fallen, impacting the FTSE and several financial industries, including the house building sector. Even in the US, the Dow Jones fell 2.6% in the opening minutes.

british poundSource: investopedia.com, bbc.com; image: pixabay.com

The voter turnout for the referendum was 71.8%, the highest voter turnout since 1992's general election.

polling stationSource: bcc.com; image: commons.wikimedia.org

Despite the decision to leave the EU, the actual process of Britain leaving will take some time as there are official steps to be taken now that the decision has been made. There are many things still unknown.

watchSource: bcc.com; image: pexels.com

Until a departure treaty is signed, Britain remains, in principle, a full member of the EU. However, Britain will be excluded from discussions affecting its exit terms.

EU mapSource: Ndtv.com; image: commons.wikimedia

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