Brexit simply refers to the exit of Britain from the European Union trade bloc. The word is borrowed from Grexit (which is used to refer to the possible exit of Greece from the EU). The recent talk of a pending Brexit has got many panicked over moving countries, loss of jobs, industries collapsing, debt crisis and so much more.
For the first time in 40 years, the British people will, on 23rd of June 2016, hold a referendum to decide whether their membership in EU will be renewed. The Prime Minister declared that Britain will no longer be a super state member of the EU if the referendum results prove their willingness to forge their path away from the union. Read More...
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