Brexit 2020 Main date, Long History Brexit

Brexit 2020 the main date is on 31 January 2020 at 23 o’clock UK time. English officially exit from the European Union eventually.

Pro-Brexit community celebrates the day of Britain’s exit from Europe with a variety of parties. In the end, Britain was the first country to leave the European Union after 47 years in the European zone.

A long history, with uncertainty for several years. Then on 30 January, the European Union parliament approved the Brexit agreement by Prime Minister Boris Johson.

The decision was the result of a parliamentary vote with the results of 621 votes and 49 votes disagreed.

With the exit of the UK from Europe does not mean the process has been completed, in the transition period, there is still an important agenda for the Brexit main date.

Now we will look back, the history of Brexit 2020.

brexit 2020

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Brexit referendum

brexit 2020 main date

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Beginning Brexit history is from a referendum Brexit vote date on 23 June 2016. British citizens have voted between citizens who are pro-Brexit and who do not agree.

In the vote, Britons have determined their votes to decide to leave or remain in EU membership. Those entitled to vote are British, Irish, and Commonwealth citizens who are over 18 years old and live in the United Kingdom.

Voting results from the referendum show.

As many as 17.4 million votes or 51.9 percent of respondents voted out of the European Union and 16.1 million votes or 48.1 percent voted to remain in Europe.

Because of the results of the voting then Prime Minister David Cameron and Chancellor George Osborn resigned from his position. This is because they are pro-British officials remain with Europe. Then Theresa May was chosen to replace David Cameron’s position as British Prime Minister.

Official process Brexit 2020

To begin the Brexit step, under Prime Minister Theresa May in early February 2017, the British Parliament through a vote decided to start the official process of leaving the European Union.

As a result of the vote, 498 votes approved to Prime Minister Theresa May to start negotiations. While 144 other votes opposed.

This debate in parliament and the vote count follows the Supreme Court’s decision that the parliament must vote in the Brexit process.

Theresa May also decided the deadline until 31 March 2017 to trigger the Lisbon Treaty Article as a first step in the negotiation process with the European Union to secede.

Determine the Brexit date

After announcing the official Brexit process, the British Government also submitted an official date when Brexit would occur. Minister of Brexit Affairs, David Davis said, he had listened to all opinions both from the House of Commons and the British public.

The government decides that the UK will officially leave the European Union on March 29, 2019, at 23:00. The announcement from the Brexit ministry reinforces the statement of Prime Minister Theresa May.

May stated, the decision to place the date of Britain’s exit from the EU became a Downing Street affirmation that they were never wavering.

First stage Brexit negotiations

In December 2017, the United Kingdom and the European Union agreed to regulations. Regarding the exit of the UK with the European Union, which was the first stage of negotiations.

The first phase covers issues regarding the border with Northern Ireland, the cost of Brexit, and the rights of citizens of European Union members. In terms of the agreement, the British government agreed to pay between 45-55 billion euros.

Theresa May is also willing to guarantee the rights of around three million Europeans living in Britain. Regarding the Irish and British border issues, the Northern Ireland Government wants the United Kingdom to abolish border checkpoints.

The post is located on Lenamore Road, County Londonderry, Northern Ireland.

Stage two negotiation, the issue of trade

After the first stage of the agreement is completed, then Theresa may negotiate the second stage, the stage of negotiating the trading system that will be used by the UK and the European Union.

For trade negotiations, this will require a long time, even after the main date out of Europe Brexit this will still be a discussion for the future.

The British Parliament rejects the Brexit agreement

On March 13, 2019, Members of the British Parliament rejected the Brexit agreement submitted by Theresa May.

The rejection resulted in a delay in Brexit. Britain which was originally scheduled to leave the European Union on March 29, 2019, was forced to postpone it until 31 October 2019.

Parliamentary freeze

After several failed proposals from Theresa May, on May 24, 2019, he resigned and Boris Johson became the successor. British Prime Minister Boris Johnson made a shocking announcement to freeze parliament for Brexit.

That decision has received the blessing of Queen Elizabeth II as Head of State of Great Britain. With approval, the British Parliament will stop operating for five weeks from 9 September to 14 October in which all sessions will be terminated.

A parliamentary freeze continued despite opposition parties opposing this decision.

English elections, Brexit 2020

To facilitate the Brexit process, PM Johnson held an early election on 12 December 2019. As a result, the 55-year-old Prime Minister won a majority seat.

With the majority rule he holds, Boris Johnson can push Britain to leave the European Union next January. The British Parliament finally passed the Brexit Agreement Bill on Friday 20 December 2019.

This bill was approved by all members of the ruling Conservative party, plus six members of the betrayal Labor opposition party

With the achievement of the Brexit agreement, Britain will leave the European Union on 31 January 2020.

The European Union has twice extended the Brexit deadline from 29 March 2019 to 31 October 2019, before finally reaching a mutual agreement on 31 January 2020.

Officially exit, Brexit 2020

Friday, 31 January 2020 became a historic day for British citizens. On that day they officially left the European Union. This decision was also welcomed by British citizens throughout the country.

Thousands of people have been waving the Union Jack flag since Brexit was officially imposed at 23:00, in a celebration which was held in Brussels, Belgium.

Nevertheless, PM Johnson says that the step was the beginning of the steep road they had to take. As some political observers say, this is not the end of the Brexit process.

Brexit transition period end date 2020

brexit 2020 main date

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Britain became the first country to leave the alliance after 47 years of joining.

They left the European Union on Friday 31 January 2020 at 23:00 local time. Now Britain has 11 months to negotiate trade with the European Union.

Some observers say this as an ambitious effort with trade negotiations between the two countries could take years. During the transition period, the UK and other EU countries will continue to apply the same business rules to try to negotiate broader trade agreements.

The European Union has warned it would be impossible to agree on a comprehensive free trade agreement at that time. And London has the option to extend the transition by one or two years.

Brexit 2020 main date

Britain has officially left Europe, but both will still negotiate trade if until the end of 2020 there is no agreement. This meaning will add to the costs of the negotiation process.

The transition period of 11 months is a challenging time. And in the first month according to European Commission President Ursula Von der Leyen, will bring up important issues first. Earlier this month that the EU will seek to focus on the most pressing issues first.

Here is main date Brexit 2020.

Mid-January

European lawmakers will meet for the first time in 2020.

They will hold a meeting to discuss the Withdrawal Agreement documents outlining how Britain should leave the European Union.

A total of 541 pages of the draft were approved by the House of Commons earlier this month and are under further scrutiny in Parliament.

31 January 2020

At 11 pm, Local Time, the UK officially left the European Union Since that date, the transition period will continue onwards. At this time nothing has changed for businesses and citizens.

However, as a result, the British government will lose voting rights in Brussels.

While European Union law will still apply in the UK and the British government will be able to make trade agreements with other world countries during this period.

During this transition, both parties will try to make a second agreement on their future relationship. The arrangement of this agreement involves new trade and security agreements and data sharing; flight standards; electricity supply and drug regulation.

25 February 2020

European ministers will hold a meeting in Brussels.

This meeting will probably repeat for Michel Barnier, who has led the Brexit process from Europe since the UK’s official request to leave the European Union in 2017. At this meeting, we will likely talk about their future relationship, so that it will start in March.

June 2020

The summit between the EU and the UK will take place.

At this conference, the two sides between the EU and the UK will decide whether they can complete their new trade relations by the end of 2020. According to reports that Prime Minister Boris Johnson has enacted a law against further delays in the Brexit process, he did not want to extend the transition period.

November 2020

This month the two sides between the EU and Uk held another meeting. At this meeting, both parties will sign a second agreement in the transition period that ends at the end of 2020.

31 December 2020

At the end of this year, if there is an agreement between the two parties between the EU and the UK, this will be the beginning of a new arrangement and a new relationship in force.

However, with the notes that both of them reached an agreement, if not the Brexit process might still be able to continue the following year. Because according to the official EU, 11 months is too short a Brexit process.

What is the Impact of Brexit on Euro and GBP?

Brexit 2020 Main date, Long History Brexit

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Governor of the Bank of England (BoE), Mark Carney estimates that the British economy will be sluggish during the UK agreement to exit the European Union or Brexit agreement.

After the referendum on the Brexit referendum, the GBP currency weakened against other currencies.

Especially if the UK implements Hard Brexit which means Brexit is still forced to run even though an agreement has not yet been reached.

Analysts expect the impact of a weakening GBP to 25%.

But after the Brexit negotiations 17 November 2019 reached an agreement between the EU and the UK this made the currency of the pound sterling and the euro sharply stronger against the US dollar.

Pound Sterling shot 1.23% to as low as the US $ 1.2988, before cutting gains and trading at the level of US $ 1.2888 this is the highest level since May.

brexit 2020 main date

While the euro also rose 0.62% to as low as the US $ 1.1139, before going down and trading at the US $ 1.1115.

The 19-nation currency is at its strongest level since late August against the US dollar.

The impact of England officially came out of Europe

And when British citizens celebrate the exit of Britain from Europe 31 January 2020, the GBP currency is also still strong and seems to strengthen against the USD.

Likewise, with the euro, this currency strengthened sharply against the USD at the weekend of January 31 last.

Market participants seem to be waiting for Brexit certainty, and when the UK has officially left Europe, this has made the GBP currency strengthen against USD.

Meanwhile, EURGP seems to be declining, as an indication of the strengthening of the euro against the GBP.

brexit 2020 main date

EUR/USD

brexit 2020

GBP/USD

Brexit drama 2020 is not over if, at the end of the transition period the second agreement fails, this means it will add to the costs of trade in goods and services between the EU and the UK.

And investors will still pay attention to the main date of Brexit 2020, forex traders will also follow this news.

Sources CNBC

Final thought

Brexit 2020 Main date, Long History Brexit

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The United Kingdom, which consists of England, Scotland, Wales, and Northern Ireland, officially withdrew from the EU, but this does not mean the problem is over.

They are still undergoing a transition period in just 11 months to sign the second agreement because for now, the applicable regulations are still using EU law.

Some economic observers claim that if this process is final, this could affect the world economy.

If previously the traffic between citizens from Britain to the EU was free without visas, and vice versa EU residents to Britain.

If both of them have their own rules then that freedom will be limited, and this can cause the trade of both parties to slow down.

Large companies operating in the United Kingdom could have moved their operations to the EU.

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