Brexit as it has been called describes the United Kingdom's attempt to leave the European Union. Economic integration and neoliberal capitalism have been brought into question with the European debt crisis. What started as a political miscalculation by David Cameron in a referendum has escalated into a full blown crisis in British politics. The Conservative Party and Labour Party cannot reach a consensus on terms of withdraw. Simultaneously, the EU may not want to see the UK leave, fearing that if it becomes economically successful, other countries will follow. Questions related to tariffs, immigration, and travel have become more complex in the negotiation process. Theresa May has shown she is more determined to get an agreement, by reaching out to the opposition. The fear is that the UK leaves with no agreement, which has a level of economic risk. The average citizen either way does not see improvement either being part or out of the EU. Prior to this extension, it appeared as if Theresa May was going to resign. Her government could be on the verge of collapse, if the current attempt fails. Constant votes, debate, and arguments about the UK's future show the limitations of the parliamentary system. Labour Party leader Jeremy Corbyn expressed his desire to meet with Prime Minister Theresa May to reach a solution to an EU exit. Whatever the result, this will have an impact on stocks and global trade.
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