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[[File:United Kingdom EU referendum 2016 area results.svg.png|thumb|250px|Brexit results. Blue-shaded areas stand for council areas that voted "Leave". Orange stand for "Remain".]]

[[File:United Kingdom EU referendum 2016 area results.svg.png|thumb|250px|Brexit results. Blue-shaded areas stand for council areas that voted "Leave". Orange stands for "Remain".]]

:''For the political philosophy in favor of Brexit, see [[Euroskepticism]]''

:''For the political philosophy in favor of Brexit, see [[Euroskepticism]]''

'''Brexit''' is a campaign slogan for 'Britain's Exit' from the [[European Union]]. The British people became the first nation to vote on a referendum whether or not to remain in membership to the EU on June 23, 2016. The historic vote shocked the world as the Leave campaign won by a 52-48% margin. Prime Minister [[David Cameron]] campaigned to remain in the EU and with the results public, resigned his position. Former London Mayor [[Boris Johnson]] was a leader of the Leave camp, though previously supporting Remain.

'''Brexit''' is a campaign slogan for 'Britain's Exit' from the [[European Union]]. The British people became the first nation to vote on a referendum whether or not to remain in membership to the EU on June 23, 2016. The historic vote shocked the world as the Leave campaign won by a 52-48% margin. Prime Minister [[David Cameron]] campaigned to remain in the EU and with the results public, resigned his position. Former London Mayor [[Boris Johnson]] was a leader of the Leave camp, though previously supporting Remain.

It is considered likely that [[France]], the Netherlands, Austria, Denmark, Finland, and Hungary could hold a similar referendum.

It is considered likely that [[France]], the Netherlands, Austria, Denmark, Finland, and Hungary could hold a similar referendum.

The British High Court ruled on November 3, 2016 that the British government could not unilaterally begin formal exit negotiations with the EU, but rather that parliamentary approval via an Act of Parliament is needed to permit the British Government to trigger Article 50 and begin the withdrawal process.<ref>[http://www.bbc.com/news/uk-politics-37857785 Brexit court defeat for UK government]. ''BBC''. November 3, 2016. Retrieved December 16, 2016.</ref> The British government appealed the decision to the Supreme Court, skipping the Court of Appeal. On the 1st of February 2017 the British House of Commons approved beginning Brexit negotiations.<ref>[http://www.bbc.com/news/uk-politics-38833883 Brexit: MPs overwhelmingly back Article 50 bill]. ''BBC''. February 1, 2017. Retrieved February 3, 2017.</ref> Amendments were later made in the House of Lords, and each amendment was refused by the House of Commons. The bill eventually became law and on the 29th of March, Theresa May triggered Article 50 and began the withdrawal process from the [[European Union]].

The British High Court ruled on November 3, 2016, that the British government could not unilaterally begin formal exit negotiations with the EU, but rather that parliamentary approval via an Act of Parliament is needed to permit the British Government to trigger Article 50 and begin the withdrawal process.<ref>[http://www.bbc.com/news/uk-politics-37857785 Brexit court defeat for UK government]. ''BBC''. November 3, 2016. Retrieved December 16, 2016.</ref> The British government appealed the decision to the Supreme Court, skipping the Court of Appeal. On the 1st of February 2017, the British House of Commons approved beginning Brexit negotiations.<ref>[http://www.bbc.com/news/uk-politics-38833883 Brexit: MPs overwhelmingly back Article 50 bill]. ''BBC''. February 1, 2017. Retrieved February 3, 2017.</ref> Amendments were later made in the House of Lords, and each amendment was refused by the House of Commons. The bill eventually became law and on the 29th of March, Theresa May triggered Article 50 and began the withdrawal process from the [[European Union]].

In early 2017, the chief economist of the Bank of England admitted that hysteric [[establishment]] predictions of economic gloom from a pro-Brexit result were wrong and inaccurate.<ref>[http://www.foxnews.com/world/2017/01/06/bank-england-economist-brexit-predictions-were-wrong.html Bank of England economist: Brexit predictions were wrong]. ''Fox News''. January 6, 2017. Retrieved January 6, 2017.</ref>

In early 2017, the chief economist of the Bank of England admitted that hysteric [[establishment]] predictions of economic gloom from a pro-Brexit result were wrong and inaccurate.<ref>[http://www.foxnews.com/world/2017/01/06/bank-england-economist-brexit-predictions-were-wrong.html Bank of England economist: Brexit predictions were wrong]. ''Fox News''. January 6, 2017. Retrieved January 6, 2017.</ref>