Despite signing the Maastricht Treaty about the European Union in 1991, Great Britain still refused to completely attach to the EU. This can be seen in several aspects like the currency: the euro was never introduced in Great Britain. Moreover, Britain did not agree with opening the boarders as stipulated in the Schengen Agreement. In 2016, 51,9% of the British people voted against Britain’s membership in the EU, which ultimately resulted in the UK no longer being a member of the European Union. However, there are still on-going discussions concerning ruling trade, immigration, security, or aviation in this new relationship. At the end of 2020, the UK’s transition period ended and the country was excluded from intra-EU trade arrangements.

While it was mainly older people who wanted the UK to leave the EU (Brexit), many young adults were angry about no longer being able to benefit from the connection to the EU at university and in their work life. With Brexit, an important member leaves the EU, which will definitely/undoubtedly have an effect on the economic situation in both Great Britain and Europe. Regarding the effects on Great Britain, there is a dangerous possibility that other countries will/might also decide to leave the EU.