The United Kingdom voted in 2016 to leave the European Union but it is still unc...
LONDON - The United Kingdom voted in 2016 to leave the European Union but it is still uncertain when or if that will happen.
There was also concern it might prejudice close ties with the United States and the Commonwealth group of mainly former territories. Britain also stayed out of the European Economic Community when it was formed from the ECSC in 1957. As he signed the treaty taking Britain into the common market, Conservative Prime Minister Ted Heath said “imagination will be required” to develop its institutions while respecting the individuality of states.In 1975, new Labour Prime Minister Harold Wilson, faced with splits among his ministers on Europe, decided to hold an “in-out” referendum on membership.
Her successor, John Major, was forced to pull sterling out of the European Exchange Rate Mechanism on so-called “Black Wednesday” - Sept. 16, 1992. The ERM had been intended to reduce exchange rate fluctuations ahead of monetary union.
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