What is BREXIT? How does it affect the World?

What is BREXIT? How does it affect the World?

For the past few days, we all were listening to the word BREXIT. Today I'll tell you about this topic. BREXIT Simply means the Exiting of Britain From the group European Union, which basically includes countries like Germany, France, Austria, Belgium, Bulgaria, Croatia, Greece, Hungary Ireland, etc. (A total of 28 Countries From the European continent) 

But the big question is why Britain is leaving the European Union?

So the biggest reason that I think is that the people from other European Countries were moving to Britain for their education, job opportunities, etc. Also, the people from the European Union have several benefits in Britain that were provided by the UK Government. The people from other countries like India, United States, Australia require VISA & other official documents to visit the United Kingdom. 

But for the people of the European Union, it is not necessary so they traveled to the UK anytime. Many people from European Union countries have their property, business, etc. in their own country but still for higher income, for better education, for better health facilities, etc. 

People from these countries were moving and gaining benefits in the UK. Many of the people from EU countries told UK Gov. that they don't have enough money to survive here. So as per the European Union Rule UK Gov. were providing them with the money, the benefits free of cost and the people were enjoying this benefits, also UK Gov. was facing financial issue due to COVID-19 this year. So they finally decided to leave the European Union. 

What will be the impact of BREXIT?

• After the withdrawal of the United Kingdom from BREXIT. People from European Union will no longer take the benefits from the UK Government. Also to travel to the UK a VISA will require for them. So the people belonging from France, Germany, etc. will move out to their own country's as they will not get the free perks here in the UK.

• The UK may face a lack of workers as many people will leave the country, hence great job opportunities for developing countries people. They may migrate and live in the UK to earn higher wages.

• Earlier people from European Union Nations were paying very fewer fees to UK colleges, Now to study in the UK they all have to pay the same fees that is set for outsiders. I have attached a link of UK College where you can see the fees difference among International Student & EU Student.