Euro Special Note BrexitSKU: 00012
Brexit is already historical.
While the United Kingdom and its politicians are divided over Brexit, most agree it is the most important strategic decision the UK has faced since World War II with major implications to both the UK and the EU. Whatever the final decision will be, history is being made.
United Kingdom and the EU
On 1 January 1973 the United Kingdom became a member of the European Community (EC). The membership of the EC was since then controversial. Since the membership the United Kingdom asked for exceptions on European regulations. The first referendum about the membership was held in 1975. A majority wanted to stay and supported the continuation of the membership.
The start of the current Brexit process was the organisation of a referendum by Prime Minister David Cameron. The referendum has been held on 23 june 2016 in all four countries within the United Kingdom (England, Wales, Scotland and Northern Ireland) and in Gibraltar. A small majority (51,9%) voted for leaving the EU. Formally it was non-binding referendum, but the government had promised to follow the result of the referendum. Prime Minister Cameron, who campaigned against leaving, did step down as a reaction on the result.
The successor of David Cameron, Theresa May, did get the task to lead the negotiations with the EU about leaving. Article 50 of the Treaty of Maastricht, after elaboration in the Treaty of Lissabon (2007), has a procedure to leave the European Union. Following the procedure, the British government did declare to leave on 29 March 2017. As a consequence the United Kingdom would leave the the EU on 29 March 2019 at 23.00 uur local UK time (no deal), unless an other agreement/deal has been made. In the meantime Theresa May and her team has been had negotiations with the EU about the conditions of the leaving deal. In the British Parliament there’s much resistance against the final agreement, in particular about the arrangement of Northern Ireland (backstop). The backstop has to prevent that there will be a hard border between Northern Ireland and Ireland, also because it was agreed at the Good Friday Agreement (1998) that there will never be a border again between Northern Ireland and Ireland. This means that unless there’s an agreement between the United Kingdom and the EU about how it will be solved, the United Kingdom has to stay in the European customs union.
Because of the resistance in the British House of Commons, the European Council has agreed on 22 March 2019 to an extension of the deadline to 22 May 2019 if the British House of Commons would agree to the final agreement, or an extension to 12 April 2019 if there wasn’t a majority at that date. This to have time to get the needed legislation through the British Parliament. On 29 March 2019 the House of Commons voted against the final agreement. After that the United Kingdom got two weeks time to leave the EU with no Brexit-deal or to ask for a long delay to sort out how to leave the EU.
The House of Commons voted with one vote against a No-Deal Brexit. As a consequence Theresa May had to go again to the European Council to ask again for a delay. On 10 April 2019 the United Kingdom got a delay until 30 October 2019: the Halloween delay.
Time will tell how the final Brexit will look like….
About the note
The number, the shown symbolic icons and persons on the Brexit note are chosen with a reason.
At the signing of the Maastricht Treaty, the United Kingdom’s Prime Minister Major, as one of the 12 countries, did agree with the new EU-treaty under the condition that the United Kingdom had the option to get out later (the "opt-out"). The Maastricht Treaty was signed on 7 Februari 1992 in Maastricht and was the foundation of the European Union. The treaty also greatly expanded the competences of the EEC/EU and led to the creation of the single European currency, the Euro. Already in 1992 the United Kingdom did opt-out at the single European currency, the Euro. And in 2017 the United Kingdom declared the official intention to get out of the European Union.
Tower Bridge and Big Ben clock
On the front of the note the Tower Bridge is the symbol for the connection between the United Kingdom and the European Union, and the Big Ben clock symbolises the running out of time and the date extensions given.
On the back of the note Queen Elizabeth II is symbol for the unity in the United Kingdom and Sir Winston Churchill for the most important choice since World War II with it’s applicable quote: “There’s nothing wrong with change, if it’s in the right direction”.