Prime Minister David Cameron announced his resignation following the UK’s vote to leave the European Union, saying a new Prime Minister should be in place by October as it would not be right for him to try to be “the captain that steers the country” to its next destination.
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Speaking after a meeting in Paris with U.N. Secretary-General Ban Ki-moon, Hollande said: “For the entire planet there is a question, what will happen?” “This will be a victory for real people, a victory for ordinary people, a victory for decent people”, Farage said.
Global financial markets plunged on Friday as results from a referendum showed a near 52-48 per cent split for leaving a bloc that Britain joined more than 40 years ago.
The pound fell more than 10 percent against the USA dollar to levels last seen in 1985, its biggest one-day fall in history, and European shares plummeted more than 8 percent, headed for their biggest ever one-day percentage fall.
“It seems to me that Britain has never been divided”, Wishart said.
Brexit was a rare, but fateful miscalculation for a politician who has a reputation for thriving under pressure and astutely judging political risks.
CCTV America’s Nathan King spoke with Chris Bovis, professor of business law at the University of Hull Business School, about the sterling, how the Brexit will affect business in the United Kingdom and the global markets. The British people have expressed their wish to leave the EU.
A majority of voters in all 32 council areas in Scotland voted “remain”, i.e.to stay within the European Union, according to the BBC.
Such talk worries European Union officials and leaders who fear that a prolonged haggling with London will further increase the risk of a domino effect of nationalist-led demands for exit from other states. In one go, the bloc will lose around a sixth of its economic output.
From left to right, Luxembourg’s Foreign Minister Jean Asselborn, Italy’s Foreign Minister Paolo Gentiloni, Germany’s Foreign Minister Frank-Walter Steinmeier, Belgium’s Foreign Minister Didier Reynders, France’s Foreign Minister Jean-Marc Ayrault, and Netherlands’ Foreign Minister Bert Koenders address a press conference after post-Brexit talks at the Villa Borsig in Berlin on June 25, 2016.
Invoking Article 50 will set in motion up to two years of negotiations to exit the EU. Cameron, who has been premier for six years, said it would be up to his successor to formally start the exit process.
Conservative Party leader Boris Johnson, a former London mayor who became the most recognizable face of the “leave” camp, is now widely tipped to seek the top job.
“It’s in Britain’s interest and in the interest of Europeans not to have a period of uncertainty that would have financial consequences, and that could have economic and political consequences”, Ayrault added.
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An opinion poll published at 10pm yesterday suggested that undecided voters had shifted towards backing the prime minister’s call for Britain to remain a member of the European project in the final days of the battle.
