Brexit (/breksɪt/) is an ongoing political crisis in the United Kingdom, centred around a 2016 popular referendum held on European Union membership which was narrowly won by "leave" and the subsequent attempts by British Conservative governments to implement a withdrawal policy.
It is presently unclear when or if the UK will leave the EU or indeed what the legal arrangements will be post-Brexit if it goes ahead. The present transitional arrangements are due to end in October 2019.
In the short term, the financial markets have responded by lowering value of the Pound Sterling. A lower value of the pound negatively affects those living outside Britain on British incomes, such as investments or pensions, including those who may teach English part-time for secondary income. On the other hand, it has increased the relative pay of those not paid in Sterling. In the medium term however, the drop in the value of Sterling will likely result in increased inflation.
For English language teachers with British passports working in the rest of the EU, the security of their jobs and pensions is at risk. Many British citizens living in the rest of the EU were denied a vote in the 2016 referendum, due to having lived outside the UK for too long, yet are likely to be affected by the result. Some have had time, means and opportunity to obtain citizenship of other European nations.
Brexit is being actively opposed by many centrists, liberals, socialists and moderate conservatives. It is pushed for by right-wing populists. Some left-wingers are doing little to actively oppose it.
It is likely that as of 2019, there is no longer a majority for leave, due to slight demographic shifts since the 2016 referendum; both older leave-leaning voters having died and more and more remain-leaning younger voters reaching age of maturity.