UK REFERENDUM ON BREXIT

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QUESTIONS ON THE TEXT:

1) What did David Cameron think about BREXIT?

2) What did Michael Gove think'

3) What is the “fair deal” according to Cameron?

UK AFTER BREXIT

Brexit Britain: What has actually happened so far?

  • 30 September 2016
  • Brexit

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The UK may have voted on 23 June to leave the European Union but it is not yet clear what the country's path to Brexit will actually mean.

Here we highlight the latest developments following the vote.

Economy

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Many economists prior to the referendum had been predicting an immediate and significant impact on the UK economy and consumer confidence should the country vote to leave the EU. But so far these predictions have not come to pass.

The UK services sector grew 0.4% in July,much more strongly than expectedin the wake of June's vote to leave the European Union, showing that consumers carried on spending as normal after the Brexit vote.

Other figures from the Office for National Statistics (ONS) show economic growth accelerated faster than thought in the run-up to the referendum. Gross Domestic Product (GDP) grew by 0.7% in the three months to the end of June, up from the 0.6% first estimated.

However, there does seem to have been a decline in confidence in the small business sector. The first survey by the Federation of Small Businesses (FSB) since the Brexit vote showed more small and medium-sized businesses werepessimistic about the futurethan positive for the first time in four years.

Meanwhile, international body the OECD has gone back on its warning that the UK would suffer immediately from a Brexit vote and has revised its 2016 GDP growth forecasts for the UK slightly upwards from 1.7% to 1.8%.

However, it has cut the forecast for next year from 2% to 1%, saying: "Uncertainty about the future path of policy and the reaction of the economy remains very high and risks remain to the downside."

Consumer confidence has returned to pre-referendum levels in September with shoppers shrugging off concerns and continuing to spend. They have been helped by higher wages, low inflation, and the Bank of England's record low interest rates,according to GfK.

New prime minister

AP

David Cameron - who had campaigned for Remain - announced his resignation the day after the referendum. He was replaced by Theresa May, who won the shorter-than-expected leadership contest when rival Andrea Leadsom pulled out. Boris Johnson, who led the campaign to leave the EU, was made foreign secretary with his own leadership ambitions having been thwarted by his former Vote Leave ally Michael Gove.

QUESTIONS ON THE TEXT:

1) What were the predictions before the referendum?

2) What are the actual results in British economy after the Referendum?

3) According to the results, has the Brexit changed much in British life?

4) What is the actual change in negative?

5) What happened to the Prime Minister after the referendum?

6) Who is the new P.M.? Does she/he belong to the same political party?