BREXIT; its journey and aspirations. Transitory period is up to December 31, 2020.

BREXIT has been approved in the House of Commons on January 31, 2020. It becomes a pursuit to know what Britain achieves so far. Financial explanation is very hard and only economists can do it. Fact remains that BREXIT has got political dimension also. Many from EU side are in the opinion that British people voted in favor of BREXIT following an illusion. EU stands on ‘United in Diversity’ which implies equality and values among the member states.  They believe in human dignity, democracy and rule of law. A relevant question evolves as to know what else Britain wanted from BREXIT. Britain joined European Economic Community (EEC) in 1973 and after a long journey of togetherness they became first to withdraw. British people had believed that they were losing in EU and their economy would be stronger if they quitted. 

Britain’s distrust appears when British Parliament did not ratify EU’s proceedings taken in compliance to Maastricht Treaty. A decision was taken that a single currency would be implemented for EU. This will replace other currencies and the Council of EU will ensure its implementation. UK thought of losing if they lose their traditional pound.  Replacing pound might degrade their total economy as it held a highest esteem in the world currency market. Even many of Conservative Members did not vote in favor of their prime minister's decision to implement the agreement.  So single currency policy was not approved by the British government. EU launched EURO as the single currency for member states on January 10, 1999 in the mode of electronic transactions and on January 01, 2002 with its physical presence. EURO could shake the positions of US Dollars and British pound.

Britain being a founding member could not agree with a borderless Europe. Amsterdam Treaty 1997 was incorporated in EU and came to effect in 1999 which was about a common visa called Schengen for the member states. Britain parliament did not approve with a view to keeping UK in a significant place. British government followed another route for the member states which is called Common Travel Area (CTA). 

From the denial of common currency and visa it was presumed that Britain is not comfortable in EU. Immigrants from Asia and Africa got passports in different member states of EU. Though UK could hold their own control on immigrants for their single visa system, they were to follow the EU regulations and their CTA. So Asian and African passport holders from member states of EU started moving to the UK in pursuit to having better jobs and education in international language for their posterities. It was a huge pressure particularly for London to accommodate increasing numbers of immigrants rushed from EU. After a certain period, these immigrants got citizenships in the UK legally taking the opportunity of EU Agreement. It annoys the Londoners specially and thus demand to withdraw from EU got the popular move in London. Subsequently it was observed that referendum in favor of withdrawal got extensive support in England in comparison to other states. Gradual German’s strong economy and France’s upward progress bring important positions for the two in EU. Referendum in 1916 got 52% support from the whole population of UK. EU could understand that Britain might leave EU, they endorsed Britain Withdrawal Agreement on November 25, 2018. This demand in UK got a special momentum and it was passed in the House of Commons on December 20, 2019 after a journey of many incidents.

The present government of UK has got total liability to accomplish the process to negotiate with EU within December 31, 2020 and to satisfy their people demonstrating the visible benefits. This demand was not too supported as it was in England and even percentage for against the motion in England is not also negligible. It has been passed by majority as it is the beauty of democracy but people against the motion was not negligible at all. Now Britain is moving with their single economy and people can understand the pros and cons of it. On March 18, 2020,  EU drafted its proposal for partnership with UK. Now the present government has to negotiate and ratify within the transitory period with EU and failure to do so their exports will have to shoulder huge customs duties. The developing countries may suffer if any mismanagement takes place.