In Brexit: A year in review, a new video created by Thomson Reuters, viewers are taken through the whirlwind revelations of the past 12 months since voters went to the polls in June 2016 and elected to leave the European Union.
Chronicling the aftermath of the surprising Brexit vote, the video describes what one UK market analyst called “Europe’s Lehman Brothers moment” as the pound fell dramatically over market fears and an increasingly uncertain economic future for the country and the European continent as a whole.
The video also shows the rise of Theresa May, elected the new Prime Minister, as she triggered Article 50 — the official announcement of the our intention to leave the EU — in March and how the country responded. Indeed, the video tells the story of the pervasive market fears that gripped much of the country as UK financial institutions fretted whether to develop their own Brexit contingency plans themselves or to leave London altogether.
Moving to the present time, the video relates how the Prime Minister did not back down from this pressure, calling it an “historic moment from which there can be no turning back.” In fact, she called for a snap election in early June, hoping to increase her conservative, pro-Brexit party’s hold on power. Instead, her party — and in some degree the Brexit fervor itself — was dealt a striking blow, losing seats in Parliament and threatening May’s hold on the Prime Minister seat itself.
Now, as the UK must ready itself for negotiations with the European Commission on how best to leave the EU — in a so-called “soft” or “hard” Brexit — May’s government seems in disarray and may be looking to delay those talks.
For more information about Brexit from Thomson Reuters Legal UK & Ireland, please click here.
You can also view this Brexit infographic here looking at new laws introduced as year on from the vote.