Following Brexit, David Cameron announced that he would step down as Prime Minister of the United Kingdom by October. He was speaking outside 10 Downing Street where he stated that fresh leadership was needed. The Prime Minister urged the country to vote to stay a part of the European Union but in a surprise to the world, UK voted for an exit. London, Scotland, and Northern Ireland were backing staying in, but the UK suffered a defeat by 52% to 48%. UK will no longer be a part of the European Union.
EU Chiefs said that they expected UK to begin negotiations to leave as early as possible. In light of Brexit, and pound fell to its lowest level against the dollar since 1985. David Cameron, shortly after the results, announced that he had informed the Queen of his decision and will remain in place for the short term and attempt to steady the ship over the coming weeks and months. Cameron regarding Brexit said,
The British people have voted to leave the European Union and their will must be respected. The will of the British people is an instruction that must be delivered.
The Bank of England is ready to provide an extra £250 billion of support as per the governor of the Bank Mark Carney. The referendum turnout was 71.8%, which is over 30 million people voting, the highest turnout at a UK-wide vote since 1992.
UK faces tough days ahead following Brexit. Reports are already floating in of Ireland and Scotland opting for a referendum to separate from the United Kingdom, following which the two countries will work to join the European Union.You can follow us on Facebook, Twitter, or Google+ for more updates. Otherwise fill in the subscription box above, or subscribe to our RSS Feed.