ABSTRACT
A vote for Brexit can be perceived as a starting point for the third round of the European crisis, following euro zone debt crisis and migration issue. The result of the referendum generated, above all, quite large shock to the British society and economy. However, to fully understand the genesis of Brexit, it is important to outline the path and relations the UK has had with the European Union (EU). This chapter focuses on tangled history and position the UK has taken throughout its years of EU membership. It outlines the main reasons for the referendum results covering the economic, political and social aspects of the Brexit. It also covers the Brexit negotiation process and the still unanswered questions on the shape of future relationship between the UK and the EU.
