Implications of the UK’s decision to leave the European Union (EU) Flashcards
(79 cards)
What does ‘Brexit’ stand for?
Britain’s Exit (from the EU)
When was the Brexit referendum held?
23rd June 2016
What was the referendum question?
Should the UK remain in or leave the EU?
What % voted to leave the EU?
51.9%
What % voted to remain in the EU?
48.1%
What was the voter turnout?
72.2%
How many people turned out to vote?
Over 30 million
Why was the turnout of the Brexit referendum significant?
Highest since the 1992 general election
Which age group mostly voted Remain?
18-34 year olds
Which age group mostly voted Leave?
45+ year olds
Why did some say the result was unfair?
Younger people, who’d live with the result longest, mainly voted Remain
How did Scotland vote in the referendum?
62% Remain, 38% Leave
What did Nicola Sturgeon say on 24th June 2016?
Scotland sees its future in the EU
What did the Scottish Government announce after the result?
Plans for a possible second independence referendum
When did the UK officially leave the EU?
January 2020
How has the UK economy performed since 2016?
Poorly – weak pound, high inflation, falling real wages
What are some factors that have also impacted the economy?
Covid-19 and the Ukraine war
How does UK growth compare to other countries post-Brexit?
One of the lowest rates of growth
What did the IMF predict for the UK in 2023?
Dismal economic growth
What is one cost saved by leaving the EU?
No longer contributes to the EU budget
How much was the EU allowed to borrow for Covid recovery?
Up to €750 billion (2021–24)
Why is leaving the EU budget seen as beneficial?
UK can direct spending to domestic needs
Give an example of redirected UK spending post-Brexit.
NHS spending projected to be £57 billion higher by 2024–25
How much more per week is now spent on the NHS?
Over £1 billion more per week