Prime Minister David Cameron will step down by October after the UK voted to leave the European Union. Mr. Cameron made the announcement in a statement outside Downing Street, in which he said he will attempt to "steady the ship" over the coming weeks and months, but that "fresh leadership" is needed.

"Brexit" is a portmanteau that blends "Britain" and "exit", and refers to Britain leaving the European Union. The decision was made by referendum, in which a narrow majority of British voters chose to leave the European Union. This video (part 1 of 3) succinctly outlines the plans that Britain's Prime Minister and the Members of Parliament are grappling with on the eve of Britain's exit from the European Union on March 29, 2019.

This segment outlines the advantages and the drawbacks for British businesses in different versions of Brexit. The rights of British citizens living in EU countries and EU citizens living in Britain are also discussed.

The focus of this segment is on the Chequers Deal, the preferred deal of Prime Minister Theresa May, which blends aspects of both Hard and Soft Brexit deals. It also outlines what could happen if no deal is struck by the deadline.

What's happening with Brexit? In Parliament, Labour MP Karl Turner makes a curious analogy between debating an important bill and choosing a sofa. Turner said MPs required more time to debate "this incredibly important bill," adding that Nikki da Costa, the PM's legislative adviser, had suggested the House needed at least four weeks to consider the legislation.

Even though Prime Minister Boris Johnson has said he does not want a delay, he confirmed he would set aside the bill until speaking further with the EU. He thanked the House of Commons for their assent.

Opposition MPs react after parliament voted against Boris Johnson's extremely tight Brexit bill timetable, which the government said was necessary to reach the prime minister’s target of leaving the EU on October 31st.