Brexit...what it means and its Implications

Tuesday, January 23, 2018
2:00 PM
3:30 PM
SS Conference Room 3-4


This presentation will explain what Brexit means and what are its implications for the UK and EU. Brexit is a combination of two words: Britain and Exit, referring to the proposed withdrawal of the UK from the EU. The UK became a member of the EC (former name of the EU)  on 1 January 1973 and membership was confirmed by a UK referendum in 1975.  The story of Brexit really started when former Prime Minister David Cameron promised to carry out a referendum on whether the UK should remain a member of the EU. This commitment was included in the Conservative Party manifesto for the 2015 general election. Most probably this was because the Conservative Party  was afraid that it might lose votes to the UK Independence Party (UKIP), which is strongly anti-EU membership. The Brexit referendum was held in June 2016 in which 17.4 million people voted to leave the EU, a 52%-48% victory in favour of Brexit. Theresa May, who succeeded Cameron as Prime Minister notified the European Council president Donald Tusk via a letter dated  29 March 2017, that the UK was triggering the so-called Article 50 of the Treaty (TFEU), starting the two-year negotiation process that should lead to UK exit from the EU. Negotiations with the EU officially started in June 2017 and should end by March 29, 2019.

Professor Lino Briguglio possesses a Ph.D. in Economics from the University of Exeter (UK) and a Special Diploma in Social Studies from the University of Oxford. He obtained his Honours and Master's degree in Economics from the University of Malta. He currently directs the Islands and Small States Insitute of the University of Malta. He was formerly head of the Economics Department and of the Banking and Finance Department, and director of the University Gozo Campus of the same University. Professor Briguglio has acted as consultant to several international organisations including the UNDESA, UNCTAD, UNDP, UNEP, CARICOM, and the Commonwealth Secretariat.  He has published various peer-reviewed studies on economic vulnerability, economic resilience, economic aspects of climate change and other economic subjects.

Inline image 1