Britain is heading out of the European Union today after a referendum result that remakes the country’s political landscape and shatters the continent’s post-war settlement. Swathes of England and Wales ignored David Cameron’s warnings on the economic consequences of Brexit to express their anger over immigration and inequality in a popular revolt that has left the country deeply divided. The pound plunged to a 31-year low as global markets reacted to the prospect of years of uncertainty, including over the future of the UK itself.
Britain has been hit by a political earthquake after the historic EU referendum delivered clear backing for Brexit – and effectively ended David Cameron’s career. The Leave campaign triumphed after stacking up votes across England and Wales – despite massive support for Remain in Scotland and major cities including London. The Prime Minister is expected to give his response to the dramatic verdict shortly, with speculation that he will herald the end of his tenure in Downing Street. Ukip leader Nigel Farage has hailed a ‘victory for real people’ and declared June 23 the country’s ‘Independence Day’. The Pound nose-dived to its lowest level against the US dollar for 31 years as traders took fright at the news, and the stock market is likely to be suspended to avoid a crash. SNP leader Nicola Sturgeon has already raised the prospect of a second independence referendum in Scotland.
BRITAIN is this morning heading out of the European Union after a historic referendum vote for Out stunned the world. At 6am Leave passed the threshold of 16.8million votes needed to trigger a Brexit – but the ultra-narrow margin of victory of 52% to 48% left the nation split down the middle. A massive popular uprising against London elites was credited for the extraordinary result which defied almost every expert prediction. Huge swathes of northern England, the East coast, the Midlands and Wales, plus rural areas across the south, all backed Out. Only Scotland, Northern Ireland and inner city areas of London and Manchester voted by large majorities to Remain.
BRITAIN has voted to quit the European Union on an historic morning for the country. Leading Brexit campaigners and major broadcasters have declared victory for the Leave camp in the EU referendum. Although results are still being counted across the UK, the Leave campaign appear have an unstoppable momentum. The Electoral Commission said 72.2 per cent of UK voters had attended polling stations on Thursday to take the momentous decision. The result sparked turmoil on financial markets, with pound sterling plunging to its lowest value against the dollar since 1985 while Japan briefly suspended trading on future stocks. At a results night party, Ukip leader Nigel Farage, who has spearheaded the UK’s departure from the EU along with the Express, told supporters: “The dawn is breaking on an independent UK.
Britain has voted to leave the European Union, results from Thursday’s landmark referendum showed, an outcome that sets the country on an uncertain path and deals the largest setback to European efforts to forge greater unity since World War Two. World financial markets dived as nearly complete results showed a 51.8/48.2 percent split for leaving. Sterling suffered its biggest one-day fall of more than 10 percent against the dollar, hitting a 31-year low on market fears the decision will hit investment in the world’s 5th largest economy. The vote will initiate at least two years of messy divorce proceedings with the EU, raise questions over London’s role as a global financial capital and put huge pressure on Prime Minister David Cameron to resign, though he pledged during the campaign to stay on whatever the result.
The UK’s historic decision to end its 43-year love-hate relationship with the European Union represents a turning point in British history to rank alongside the two world wars of the 20th century. On the assumption there is no turning back, or collective buyer’s remorse, Britain will live with the political, constitutional, diplomatic and economic consequences for a decade or more. The pin on the atlas marking the UK’s place in the world has shifted, just as the centres of power in the UK polity. All the familiar points of authority in London society – Downing Street, big business, economic expertise, the foreign policy establishment – have been spurned by the equivalent of a popular cluster bomb.
The UK has voted by 52% to 48% to leave the European Union after 43 years in an historic referendum. London and Scotland voted strongly to stay in the EU but the remain vote has been undermined by poor results in the north of England. UKIP leader Nigel Farage hailed the result as the UK’s “independence day”. The pound fell to its lowest level against the dollar since 1985 as the markets reacted to the results.
David Cameron is on the brink today as Britain heads for Brexit. Ukip leader Nigel Farage said the Prime Minister should now quit ‘immediately’ after the UK failed to back his Remain campaign. Critics said today that Mr Cameron’s authority had ‘drained away’ after he failed to persuade the country to back continued membership of the EU. The Prime Minister is going to speak in Downing Street at around 7am this morning where he will discuss his future. Prominent referendum opponents within his own party however, including Boris Johnson and Michael Gove, were among 84 Tory MPs who signed a letter backing him to stay in Number 10.
DAVID CAMERON’S position is “perilous” and there will be a “bloodbath” in financial markets, former business secretary Sir Vince Cable has warned. With Leave now the favourite with bookmakers, speculation is mounting over the prime minister’s future. A former Tory Cabinet member has told the Telegraph the Prime Minister is “toast”. Sir Vince said: “The issue we are now facing is whether the weight of London plus Scotland is sufficient to outweigh everywhere else.
Nearly two thirds of Brexit-backing Tory MPs have sent a letter directly to David Cameron saying he should remain in office. The letter was signed by 84 out of the 135 Tory MPs who supported a Brexit vote and was posted on Twitter by MP Robert Syms – with Stephen Metcalfe and Justin Tomlinson added after the letter’s release. Prominent Vote Leave campaigners Michael Gove and Boris Johnson are among the MPs who have signed the letter – despite Mr Gove and Mr Johnson undermining the PM by setting out an alternate plan for the country. They write: “We thank you for giving the British people a choice on their destiny on 23 June 2016. “We believe whatever the British people decide, you have both a mandate and a duty to continue leading the nation implementing our 2015 manifesto.”
David Cameron’s worst nightmare has just happened. The UK has voted to leave the European Union, he has lost the referendum campaign and his authority as Prime Minister is unlikely to ever recover. The Prime Minister’s future is still uncertain but one thing is for sure: he would never have called the vote in the first place if he thought he would be on the losing side. There will be pressure on Mr Cameron to resign immediately and some Conservative backbenchers have already said privately that they think he should go. Some of the chatter in Westminster’s bars and tea rooms concerns Theresa May taking over as a caretaker leader to steady the ship.
Britain’s boardrooms are facing crunch talks as they weigh up the financial impact of today’s historic referendum result. Following months of campaigning, firms must now decide whether to put long-planned schemes and investment decisions in motion. Many companies most exposed to the financial markets had already scheduled board meetings to weigh up the impact of the vote. For some it will have been a sleepless night, with top City executives on call before dawn as the votes came in.