After the World War II, six nations started European Union with the object of duty-free trade. During 1973, Britain joined in European Union, and the European Economic Community was created in 1957. Brexit is a term indicated the process of leaving with European Union. The referendum was conducted on Thursday June 23, 2016. The voters asked through referendum whether the Britain should remain member of the European Union or leave European Union. A historical decision came out resulting Britain exist from the European Union.
The economic problems could not be properly addressed by European Union even since 2008. The unemployment rate was 20% in Southern Europe whereas it was just 4.2% in Germany. The established trade barriers by European Union completely against to Britain. On the other hand, Germany’s intention to trade war with Britain. The organizations including IMF, NATO and EU lost the confidence with the Britain. There is a fear of losing control on the organizations mentioned, and people find Brexit is the only solution. Immigration policies became national issue and badly influenced on the internal life of the country.