Brexit is the scheduled withdrawal of the United Kingdom (UK) from the European Union (EU). Following a June 2016 referendum, in which 51.9% of participating voters voted to leave, the UK government formally announced the country’s withdrawal in March 2017, starting a two-year process that was due to conclude with the UK withdrawing on 29 March 2019.
As the UK parliament thrice voted against the negotiated withdrawal agreement, that deadline has been extended twice, and is currently 31 October 2019. An Act of Parliament requires the government to seek a third extension if no agreement is reached before 19 October.
The Brexit deal consisted of a withdrawal agreement – which set out the terms for the “divorce” process. There was also a political declaration – which outlined the future relationship between the UK and EU. The rights of EU citizens in the UK and British citizens in the EU. How much money the UK was to pay the EU And the backstop for the Irish border.