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The term 'Brexit' is a combination of '''BR'''itain and '''EXIT''', meaning the exit of the United Kingdom (UK) from the European Union (EU).


A referendum on the issue was held in the UK on 23 June 2016.

The result of the referendum was to advise the UK government to begin the process of the UK leaving the EU. 


Depending on the context, 'Brexit' may refer to any or all of:

#The decision for the UK to leave the EU.
#The subsequent exit itself, originally expected to be on 29 March 2019''<sup> Note</sup>''.
#The consequences, and potential consequences, both of the decision and of the exit itself.
#Less commonly, the referendum result or the referendum date of 23 June 2016.


''Note: On 14 March 2019 the UK parliament voted to seek an extension to the timing of the exit.''


== See also ==
* [[Article 50]]
* [[Brexit Britain]]
* [[Brexit Day]]
* [[Cliff edge]]
* [[Department for Exiting the European Union]]
* [[Department for International Trade]]
* [[Equivalence]]
* [[European Economic Area]]
* [[European Free Trade Association]]
* [[European Union]]
* [[Frexit]]
* [[Great Repeal Act]]
* [[Grexit]]
* [[Hard Brexit]]
* [[Parliamentary supremacy]]
* [[Schengen Area]]
* [[Sovereignty]]
* [[United Kingdom]]


=== Other links ===
[https://www.treasurers.org/brexit/resources Brexit - ACT Resources]

[https://www.treasurers.org/brexit Brexit: ACT Technical Guidance and Comment]

[[Category:Context_of_treasury]]