The Brexit vote
Britain has voted in its historic European Union (EU) referendum. Also known as the Brexit vote, the EU referendum allowed British citizens to decide whether to ‘remain” or “leave” the EU . . .
Did the vote unfold as expected? NO!
All of the votes have been counted and 52% of British voters voted “leave” while 48% voted “remain.”
Prime Minister David Cameron, who had led the campaign to keep Britain in the EU, said he would resign by October when his Conservative Party holds its annual conference. He said the next prime minister would decide when to invoke Article 50, which triggers a departure from European Union.
The decision launches a years-long process to renegotiate trade, business and political links between the United Kingdom and what will become a 27-nation bloc, an unprecedented divorce that could take decades to complete.
It was the dawn of a new era Friday for Britain, which entered uncharted waters after the country voted to leave the European Union (EU).
Britain voted to leave the European Union after a bitterly divisive referendum campaign, toppling the British government, sending global markets plunging Friday and shattering the stability of a project in continental unity designed half a century ago to prevent World War III.
Confirmed reports indicate finally that David Cameron resigned as Prime Minister after Britain voted to leave the European Union. It followed a turbulent night with Remain camp campaigners quietly confident until the early hours when results from Newcastle and Sunderland showed better than expected returns for the Brexit camp campaigners.
The almighty British pound began to tank – down by 6% soon after the Brexit vote.
British people had taken part in the biggest democratic exercise ever . . .
What now for Britain?
Prime Minister David Cameron is to step down by October, 2016 after the UK voted to leave the European Union. Mr Cameron made the announcement in a statement outside Downing Street after the final result was announced. He said he would attempt to “steady the ship” over the coming weeks and months but that “fresh leadership” was needed.
The PM had urged the country to vote Remain, warning of economic and security consequences of an exit, but the UK voted to Leave by 52% to 48%.
Watch British Prime Minister David Cameron as he makes a speech, resigning after the Brexit vote – with Downing Street in London as a backdrop, below: