PM Cameron out! UK out! In vote to leave EU
Following the results, David W. D. Cameron resigned as United Kingdom (UK) Prime Minister in an emotional speech outside 10 Downing Street.
While England voted overwhelmingly for Brexit, Scotland and Northern Ireland backed Remain. Statements are expected to be made by Ireland’s Republican Party Sinn Fein and the Scottish National Party (SNP) later today calling for a breakaway from the Union (UK). London backed Remain but the turnout was lower than expected because of bad weather.
Will of people must be respected
"The British people have voted to leave the EU and their will must be respected. The will of the British people is an instruction that must be delivered. There can be no doubt about the result.
Across the world people have been watching the choice that Britain has made. This will require strong, determined and committed leadership. I am very proud to have been Prime Minister of this country for six years. I have held nothing back. The British people have made a very clear decision to I think the country requires fresh leadership.
I do not think I can be the captain to take the country to its next destination. In my view I think we should have a new prime minister in place by the start of the Conservative conference in October," Cameron said in an emotional speech.
Meanwhile, according to The Telegraph, the Pound crashed to the lowest level since 1985 as sterling fell below $1.35. “Complacency about a Brexit outcome will come clear this morning, as out of hours trading suggests that the FTSE 100 will drop by 8.8pc, or by some 560 points. The fall would be the third worst in history if stocks ended the day down as sharply,” The Telegraph reported.
How will the VI be affected by Brexit?
Representative to the EU and the UK, Mr E. Benito Wheatley had told Virgin Islands News Online from London yesterday, June 23, 2016 that the VI had no official position on the issue. He said “the BVI is not included in the vote. However, for those Virgin Islanders who hold full British citizenship they currently benefit in a number of ways from UK’s membership in the EU.”
Mr Wheatley had added that “the Overseas Territories as a group also benefit in a number of ways from the UK’s membership, which is the basis of their legal association with the Union.”
Consequences for Britain
The business and political classes for the most part in the UK had campaigned that the departure of the UK, a country that is part of the European Union geographically, historically and politically, would have extremely serious consequences.
The results of the referendum now mean that in the coming months, British and European leaders will begin negotiating the terms of Britain's departure.
Britain's exit, according to many, will affect the British economy, immigration policy, and lots more; however, it will take years for the full consequences to become clear.
The UK government had estimated that exiting the EU could cause the British economy to be between 3.8 and 7.5 percent smaller by 2030 — depending on how well negotiations for access to the European market ultimately go. Other reports have found smaller but still significant impacts.
One of the most important and controversial achievements of the EU, according to VOX World, was the establishment of the principle of free movement among EU countries. A citizen of one EU country has an unfettered right to live and work anywhere in the EU. Both Britons and foreigners have taken advantage of this opportunity.
See link to related story:
.png)
.png)
.png)
Follow Us On
34 Responses to “PM Cameron out! UK out! In vote to leave EU”
Hear you 'bout a colly dem call Columbia weed?
No man is an island, no country is independent unto itself, and no one Party is a law unto itself forever either.
log banks here pretending they can treat customers any way they want. take back privacy and respect in financial
and banking matters.