But, Wishart said, “it’s all up in the air, nobody has any idea really what this is going to look like in a couple year’s time”. They voted to leave the European Union (EU) after being a member of the huge economic and political bloc since 1973.
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European Commission president Jean-Claude Juncker also insisted any delay “doesn’t make sense”.
Labour leader Jeremy Corbyn said he would not be stepping down, despite large numbers of his party’s traditional voters backing a Brexit at the referendum.
While he admitted that the previous year has been one of the toughest in European Union history, Tusk said: “What doesn’t kill you, makes you stronger”. A survey in March of American companies showed that 95% favored Britain remaining in the European Union and President Obama urged the same.
Prime Minister David Cameron, the proponent of the referendum and who led the Remain campaign, resigned after the vote.
“I would like to get started immediately”, he said.
“It seems to me that Britain has never been divided”, Wishart said.
The European flag symbolises both the European Union and, more broadly, the identity and unity of Europe.
Luxembourg Foreign Minister said he hoped there would be no “cat and mouse” game.
The four said after emergency talks in Brussels that they regretted, but respected Britain’s decision.
The pound fell more than 10 percent against the United States 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.
Credit rating agency Moody’s downgraded the U.K.’s economic outlook from stable to negative, saying Britain faces “a prolonged period of uncertainty. with negative implications for the country’s medium-term growth outlook”. According to Vox, the economic aftershocks it’ll have on the global economy will not impact the United States until next year, but when they do, it’s still up in the air how much it’ll effect our investments and currencies.
Some of the wrath over the Brexit vote is falling on Labour Party Leader Jeremy Corbyn, criticized by his party for a lackluster effort to stop the exit.
“Remain” supporters believed the United Kingdom needed to stay in the organization to preserve worldwide stability and security, and to prevent a potentially devastating economic collapse.
“We clearly need somebody who the public think of as an alternative prime minister”, Field told BBC radio.
Labour’s Frank Field, the chair of the Work and Pensions Committee, said: “This is the first clear revolt against globalisation and it’s undermining of working-class living standards”. Treasury chief George Osborne’s chances seem damaged by the Brexit vote as he had argued strongly to remain in the EU.
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Describing the referendum as a “giant democratic exercise”, Cameron said, “Across the world people have been watching the choice that Britain has made”.
