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Facts to know about Brexit

Photos Logo Photos | Slide 1 of 13: A handout video-grabbed still image from a video made available by UK parliament's parliamentary recording unit shows Britain's Prime Minister Theresa May speaking prior to the Meaningful Vote at the parliament late 15 January 2018, London, United Kingdom, the crucial vote on whether to support or reject Theresa May's deal of UK leaving the European Union. The legally-binding Withdrawal Agreement sets up a 'transition or implementation period' that runs until the end of 2020 after Brexit. The United Kingdom, that on 01 January 1973 joined EEC or European Communities, predecessor of European Union, has been a EU member state for 46 years.

What is Brexit?

An amalgamation of the words “Britain” and “exit," the term refers to ongoing negotiations between the United Kingdom (U.K.) and the European Union (EU) over the former's withdrawal from the latter. 

(Pictured) British Prime Minister Theresa May speaks prior to a parliament vote on her Brexit deal in London, England, on Jan. 15, 2019.

© Parliamentary Recording Unit Handout/EPA-EFE/Shutterstock
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