The Breggit deal between Britain and the European Union (EU) was finally completed. After four years of tug of war, Britain’s PM Boris Johnson signed the Breguit Trade Deal on Wednesday. With this, the historical relationship between Britain and the EU broke. Amid the mild opposition, most of the MPs voted in its favor. The bill (EU Future Relationship) will come into force from 1 January 2021 after all formalities in the EU have also been completed.
PM Johnson called a special session of Parliament to debate the Free Trade Agreement. He also posted his picture on social media signing the deal. He wrote that by signing this deal we are fulfilling the wishes of the British people. They will live within the ambit of the laws they have made, which have been enacted by their elected Parliament.
European Union Chief Ursula von der Leyen said on social media that she and the President of the European Commission, Charles Michel, have signed the EU-UK Trade and Co-operation Agreement in Brussels. He said that it was a very long way. Now it’s time to leave Breguit behind. We have a future in Europe.
4 years ago the UK decided to secede from the EU
The UK decided to break away from the EU in June 2016. In the historic referendum, the British people voted in favor of the 28 countries seceding from the EU. The EU then gave the UK time to secede until 31 March 2018.
However, the British MPs then rejected the government’s terms of exit from Europe. The EU then extended the date of Breguit to 31 October. After this, the Parliament also rejected the terms of the government and extended the date of Breguit to 31 January.
Britain considered staying in the EU a loss deal
28 countries had economic and political participation in the EU. Under this, there is an unrestrained movement of goods and people in these countries. Britain felt it was at a disadvantage by staying in the EU. He has to pay several billion pounds annually for membership. People from other countries come and take advantage of it. This was followed by voting in Britain. Most people voted to leave the EU. Britain than left the EU on 31 January 2020.
Why was Breigit needed?
Britain never entered the European Union. In contrast, the EU has more control over the lives of the people of Britain. He imposes several conditions in the UK for business. The British political parties felt that even after paying billions of pounds annual membership fees, Britain would not benefit much from it. Hence the demand for Breguit was raised.