EU Referendum-The Outs Have It Gham!-The United Kingdom has officially voted to opt–out of the European Union.
A referendum called to determine the state of the mind of the UK citizens has edged out the stay-in side of the referendum, securing 51.9% of public votes while pro-EU secured 48.1% popularity in the votes cast.
Ironically England was the power engine of the Brexit decision as it voted overwhelmingly to support the sanctity of the Union Jack while Scotland and Northern Ireland voted to back Remain.
Britain has been part of EU for over 43 years.
Shortly, statements are expected to be made Prime Minister David Cameron with rumours that he might be resigning as the Prime Minister while Norther Island Sinn Fein and the Scottish SNP would be lending out their voices on the best way forward in the new decision
Many are anticipating a broken Uk in the aftermath of the referendum but the mopping has started to consolidate the Brexit win and make the best of it.
The effect of the vote result sent the pound crashing to its lowest level since 1985 with sterling falling below $1.35.
Already, 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 according to The Guardian Newspapers
Statements are expected to be made by Sinn Fein and the SNP may later today call for a breakaway from the Union.
London fully was in the support of Remain even with turnout was lower than expected because of bad weather.
However, the fate of Prime Minister David Cameron hangs in the balance as calling for the referendum, the result of which had hoped to favour his side of the coin plays a crucial role in his political career. His position now hangs in the balance as many reports anticipates that before long, a new tenant would occupy 10, Downing Street.
Many Conservative party supports the decision that he should stay-on as the Prime Minister.
Philip Anthony Hammond (MP) a British Conservative politician and Secretary of State for Foreign and Commonwealth Affairs has thrown his weight behind Cameron to stay-on as the prime Minister.
From Opposition Labour’s points of view, MP Kate Hoey, one of the Leave campaigner, the outcome of the referendum cast further doubt over the futures of the Prime Minister and George Osborne, claiming the result has exposed a “huge disconnect” in Labour itself.
“I certainly do not want to see David Cameron leading the negotiations,” she told the Radio 4’s Today progamme. “We have to get someone who is genuinely committed to getting out.”
She added: “At the moment George Osborne should be heavily criticised for the way he has handled this, the way he has scared the markets as we have seen today.
“But that will pass. Whether he will see that pass, I’m not so sure.”
Ms Hoey admitted the election exposed a “huge disconnect” between her party’s leadership and areas outside London.
“Some of us in Labour Leave have always said this would happen for some time….There is this huge disconnect in Labour areas certainly further out of London from the Labour leadership.
Now the task of winning the pro-EU will top the agenda of the Conservative Party government.