This page contains affiliate links
Brexit Due 31st October 2019
This timeline of events will be updated through to the Brexit date of 31st October 2019 and beyond.
Sterling Exchange Rate August 2019
The Sterling to US dollar exchange rate started July 2019 at 1.26, dropping to 1.22 by 31 July. It was said that this was the worst month for the pound since October 2016. On 1 August 2019, the exchange rate dropped to 1.21, a 2 year low, as the Bank of England kept the interest rate steady at 0.75%, stating that there was a 33% chance of a negative economic growth rate by the start of 2020, which could signal the start of a recession. By 4 August 2019, the pound had recovered slightly to 1.22.
On 9 August 2019, The Office For National Statistics (ONS) said that the UK economy had shrunk in Quarter 2 of 2019 (April to June). Sterling fell against both the US Dollar and the Euro, to $1.2097 and €1.0794. This has provoked fears that the UK could be on the verge of a recession. This is defined as a contracting economy in two consecutive quarters. One of the reasons is thought to be that many firms stocked up ahead of the initial Brexit date (29th March 2019) and did not need to buy any further stocks and that uncertainty has slowed spending.
If you want to build up a stock of foods and other items, in case of problems at 31st October 2019, then you may find the Brexit Survival Journal useful for providing ideas on areas to check, items to stock and space to record your own information.
Boris Johnson Becomes Prime Minister
Wednesday 24 July 2019. Says Brexit will take place on 31st October 2019, deal or no deal and that the Irish backstop must be removed for a deal to take place. The EU has said that the backstop must remain.
Theresa May Resigns As Prime Minister
She tendered her resignation to H M The Queen, 24 July 2019
Article 50 Triggered
Article 50 – legislation that formally notified the EU that Britain would leave – was triggered on 29 March 2017. This led to the first leaving date of end of March 2019 – two years after Article 50 became law and was delivered to the EU. The leaving date was extended twice, finally to 31 October 2019.
Theresa May Elected As Prime Minister
13 July 2016, after being elected leader of the ruling Conservative Party
Prime Minister David Cameron Resigns
Friday 24 June 2016.
Referendum On Membership Of The EU
Thursday 23 June 2016. Britain voted 51.9% to 48.1% to LEAVE the EU, 43 years after joining it.
Britain Joined The EU
1 January 1973. (It was known as the EEC at that time – the European Economic Community.)