The UK has voted to leave the EU – but what does this mean?

By
24 June 2016

As of around 5am June 24, the United Kingdom voted to leave the European Union.

The leave campaign lead with a million votes advantage, with 17 million voters backing the leave campaign.

Nigel Farage, head of UKIP and the Leave.EU (separate to the Vote Leave group) campaign said this was a victory for “the real people, the ordinary people, the decent people.” Since his speech, Prime minister David Cameron has resigned and will finish his term in October, with Boris Johnson favourite to take his place.

In affect, the United Kingdom is no longer united. Nicola Sturgeon is calling for Scottish independence  whilst Martin McGuinness has called for a border poll on United Ireland, meaning that in affect Northern Ireland will rejoin Southern Ireland to form one country.

Britain by numbers: 

The final results stands at 48.1% remain, 51.9% leave. Scotland and Northern Ireland backed remain overall, whilst England and Wales totalled up to a leave vote. Birmingham voted Brexit with a knife edge result, as 50.4% voted leave.

Check these two infographics below for a breakdown of the vote by age and area:

 

Money, Money, Money:

As the votes were being announced from each area, the pound fluctuated. When Sunderland announced a leave vote, the pound dropped 4.4% against the Euro. It now stands at 5.3% against the Euro and 7.63% against the Dollar. It also expected that the world stock market will lose £1.3 trillion today.

via GIPHY

Vote leave arguably have persuaded the nation with the temptation of £350 million of “European Union cash.” Vote leave pledged this EU admin fee could be spent on the NHS, which since Farage has called “a mistake.”

He said:  “No I can’t [guarantee it], and I would never have made that claim. That was one of the mistakes that I think the Leave campaign made.”

Brexit supporters have argued that countries will still be inclined to trade with Britain due to the large amounts of import and trade it has. Another claim is that immigration will be more contained after leaving the EU, as a “free movement of people” will no longer have to be excepted, putting a “strain on public services such as the NHS” claims the Express.

Uncertainty: Could this mean a new EU?

The next step for the UK is to dust off Article 50, stating Britain’s exit. Leaving the EU will take two years, after that, the treaties that countries have to follow from being in the EU will no longer apply to Britain. The terms of our exit will be negotiated by 27 countries and new trade negotiations will take place.

One fear for the EU is that Brexit will create a domino affect with other countries. France have said they have “the right to choose” to have a referendum, Anti Immigration politician Geert Wilders said the Netherlands should have their own “Nexit”, and Italy’s Northern League have said it is now “their turn.”

A full plan has not come into fruition as yet, which Cameron will have to implement before he leaves office. Negotiations are still to take place with regards to trade and laws that the UK followed from the EU. Time will tell whether immigration numbers will dwindle or if the pound will regain strength, until then, Britain is divided on opinion.

What are your views? Let us know in the comments below. Don’t forget to tweet us your view @TheScratchBCU.

 

 

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