What does Brexit mean for the UK now?

Brexit (which is simply a blended term combining both British and Exit) officially occurred on January 31, 2020 is the withdrawal of the United Kingdom from the European Union . This all stared after a UK-wide referendum in June 2016, where 52% voted to leave and 48% voted to stay in the EU. In its abstract, its basically a European union vs. a UK nationalism question with tons of collateral benefits and damages. After the referendum passed, the British government formally announced the country's withdrawal in March 2017, beginning the whole messy Brexit process which has been mired in controversy and massively politicized. Whether it is a good move now or not, only time will tell.