Brexit timeline: the United Kingdom finally quits the EU

The impact of the COVID-19 pandemic has further aided the divide across the United Kingdom preceding the Brexit vote. According to Redmond Shannon, the pandemic has renewed calls for Scottish independence.  

On the 24th of December 2020, Britain finally clinched a deal with the European Union. This deal comes four years after Britain voted to have the economic union and seven days before it resigns as one of the world's biggest trading blocs. 

Brexit and the Euro 

When Labour Party Tony Blair won the 1997 election, his then finance minister Gordon Brown ruled out joining Euro currency. This decision would result in Britain, one of the biggest EU's economy not sitting at the decision-making table for the European bloc.  Inevitably missing out on setting rules and regulations governing activities like trade.

This for the next decade Britain suffered from the frustrations resulting from that singular decision which was due to the regulations made at Brussels, where the EU governance and parliamentary bodies are located.

After the Labor Party lost to the conservative party in 2020 those frustrations aimed at the EU came to define the tenure of Prime Minister David Cameron. David Cameron proposed a 2015 referendum that would decide whether the UK stayed in the EU or not. And on June 23, 2016, Britons voted to leave by 52 percent to 48 percent. Cameron resigned and this group Theresa May into power, she resigned in June 2019, and Boris Johnson won the premiership. 

The Current Approach to Brexit

A lot has happened from the time of David Cameron to that of Boris Johnson, from Parliament scuffles to failed deals. Under the regime of Boris Johnson as Prime Minister Britain left the European Union on January 31, 2020. Transitional arrangements like trade negotiations meant that Britain was still a part of the EU. Also, Britain has continued to fiercely proclaim its independence this increasing the fears of the EU that post-Brexit Britain will become a far more agile deregulated competitor.

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