The Brexit refers to the United Kingdom's decision to leave the European Union, which was voted on in a referendum in 2016.
The decision was largely driven by concerns over immigration, sovereignty, and economic issues.
The Brexit has had significant economic and political implications, including a decline in the value of the pound, uncertainty for businesses, and a potential impact on trade.
The UK officially left the EU on January 31, 2020, but a transition period was put in place until December 31, 2020, during which time negotiations took place to determine the future relationship between the UK and EU.
The negotiations resulted in a trade deal being agreed upon, which came into effect on January 1, 2021.
The Brexit has also had implications for the political landscape of the UK, including the resignation of former Prime Minister Theresa May and the rise of the Brexit Party.
The long-term implications of the Brexit are still uncertain, but it is likely to continue to have significant impacts on the UK and the EU for years to come.