European Union
a.k.a. EU
A political and economic union of 27 European countries with a single market and shared laws.
In plain English
A political and economic union of 27 European countries with a single market and shared laws.
The European Union lets goods, services, money and people move freely among its members, and makes shared rules on trade, competition and much more. Most, but not all, members use the euro.
The UK left in 2020 after the 2016 Brexit vote, an event that sent the pound into one of its sharpest falls in decades.
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