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British bracing for world economy to punish UK for ‘Brexit’
This is the biggest hit to the European mission of greater unity since the Second World War. The morning after they won Boris Johnson, their leading spokesman and the favorite to succeed David Cameron as prime minister, began backing away from that message.
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Hill, 54, a lobbyist and Conservative leader in the upper house of parliament who has become a popular figure among European Union colleagues in 18 months in Brussels, said he was disappointed by the vote and would ensure a handover before leaving on July 15.
In the editorial titled “Britain steps backward as European Union faces decline”, the hawkish Global Times writes that Britons were guilty of showing a “losing mind-set” and “may become citizens of a nation that prefers to shut itself from the outside world”.
After the Brexit vote, many people have taken to Twitter to shame Britain over its past colonialism, according to Mic.
“There is no reason to be nasty in the negotiations. We have to follow the rules of the game”, she said.
As the EU grappled with the first defection in its six-decade history, European Commission chief Jean-Claude Juncker warned London against foot-dragging now that it had made its fateful choice.
Minister Paolo Gentiloni says Italy, an European Union founding member, will push so that after this “grave decision” Brussels won’t react with “ordinary administration” of affairs.
At First Property Group, a London-based real estate investment firm, Chief Executive Ben Habib, who backed leaving the European Union, said the vote means Britain will now be able to drive a better deal with the rest of Europe. “Politicians in London should take the time to reconsider the consequences of the Brexit decision – but by that, I emphatically do not mean Brexit itself”, Mr Peter Altmaier said.
The number of signatories far surpassed the 100,000 required for a proposal to be discussed in the House of Commons. A committee will consider the motion on Tuesday. Britain must, at some point, unambiguously notify the 28-nation bloc of its intentions and set a two-year clock ticking for negotiating its departure.
Another poll found that 75% of 18 to 24 year olds voted to Remain, which lowered to 56% of 25-49, 44% of 50-64 and only 39% for 65 year olds and above.
The message sent by disaffected British voters could be a harbinger for the USA election, Wessel says, the outcome of which will ultimately shape the United States economy.
The vote to “leave” is just the latest of a series of blows to financial markets, including an economic collapse in Greece and a threatened US debt default to the more recent slowdown in the Chinese economy.
An intense leadership battle is expected to unfold within Britain’s Conservative Party after its long-standing, passionate split over the country’s role in Europe reached a pinnacle Friday with a vote to exit the bloc and the resignation of the prime minister.
It was already clear before the Brexit vote that modern populist movements could take control of political parties.
People in Britain are talking seriously about the possibility of another referendum.
Supporters of the “leave” campaign had accepted that there was a potential economic cost to leaving the European Union, but have claimed it is a short-term price to pay in exchange for greater control of policies like immigration and borders.
Other losers include Labour Party Leader Jeremy Corbyn, who was roundly criticized for his “half-hearted” support of remaining in the EU. However, newspapers in the United Kingdom on Sunday had reports indicating that other Conservatives are looking to deny him the post. “When are you resigning?” shouted one party activist as Corbyn attended Gay Pride in London. Elder, less educated people and rural populations were more likely to back “Brexit”.
Vote Leave explicitly targeted people concerned about immigration, warning them that millions of Turks were on their way to Britain.
Britain has been a special member of the EU.
“Take a bow, Britain!” eurosceptic newspaper the Daily Mail wrote across its front page on Saturday.
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“It was the day the quiet people of Britain rose up against an arrogant, out-of-touch political class and a contemptuous Brussels elite”, it said.