Blog: Brexit: What You Need to Know About the U.K.’s Prospective Deal With the EU – The Wall Street Journal

Brexit is shorthand for Britain’s exit from the European Union, which took place on Jan. 31 following a referendum in June 2016. The EU is left with 27 countries and a combined population of almost 450 million people that share a set of rules and laws covering the economy, trade and legal and security cooperation. The bloc grew out of a grouping of six countries that sought economic cooperation in the years after World War II. Britain joined the bloc in 1973, along with Ireland and Denmark.

Has the U.K. left the European Union?

The…

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