You are using an older browser version. Please use a supported version for the best MSN experience.

Facts to know about Brexit

Photos Logo Photos | Slide 1 of 14

What is Brexit?

It is an amalgamation of the words “Britain” and “exit.” The term is used to refer to any proceedings regarding the withdrawal of the U.K. from the European Union (EU). Twenty-eight European nations formed the EU after World War II to develop economic cooperation and, in turn, avoid conflicts in the future.

© Christopher Furlong/Getty Images
image beaconimage beaconimage beacon