BREXIT: David Cameron Resigns As Prime Minister Of UK As Country Leaves EU

Date: 24-06-2016 8:36 am (5 years ago) | Author: Daniel Bosai
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- at 24-06-2016 08:36 AM (5 years ago)
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Britain has voted to break out of the European Union, national media declared Friday, striking a thunderous blow against the bloc and spreading panic through world markets as sterling collapsed to a 31-year low.



Investors scrambled to sell the pound, oil and stocks as Britain took a lurch into the unknown, becoming the first country to quit in the EU’s 60-year history, a culmination of decades of suspicion over European aims of creating an ever-closer political union.

With results in for 350 of the 382 areas that took part across Britain, the result was 52 percent for “Leave” and 48 percent for “Remain”.

Britain’s national broadcaster BBC and Sky News both predicted a clear victory for the “Leave” campaign.

Sterling plunged more than nine percent to $1.33, a 31-year low. World oil prices skidded by more than six percent. Tokyo stocks plummeted by more than eight percent and Japan’s Finance Minister Taro Aso called an emergency news briefing.

“Let June 23 go down in our history as our independence day,” said top anti-EU campaigner Nigel Farage, leader of the UK Intendence Party, who promised Britons the chance to retake power from Brussels and rein in high immigration.

– ‘Victory for real people’ –

“If the predictions now are right, this will be a victory for real people, a victory for ordinary people, a victory for decent people,” he told supporters in Westminster.

A joyous crowd chanted back to him: “Out! Out! Out!”

At the rival “Remain” party in London’s Royal Festival Hall subdued supporters stood glued to TV screens clutching beers — some with their hands over their mouths.

Britons appeared to have to shrugged off dire warnings that quitting the 28-nation alliance would create a budget hole requiring spending cuts and tax increases once they lose unfettered trade access to the EU.

Their decision will undoubtedly re-awaken fears of a domino-effect ripple of exit votes in EU-sceptic members that could imperil the integrity of the bloc, already struggling with twin economic and refugee crises.

“The eurosceptic genie is out of the bottle and it will now not be put back,” Farage said.

Dutch far-right MP Geert Wilders immediately called for a referendum on EU membership.

Prime Minister David Cameron, who led the ultimately doomed struggle to sway voters in favour of sticking with Brussels, will face immediate pressure to resign.

The bookmakers’ favourite to replace him is former London mayor Boris Johnson, a rival from within his ruling Conservative Party who was the “Leave” camp figurehead.

– Going it alone –

The result means the world’s fifth-largest economy must now go it alone in the global economy, launching lengthy exit negotiations with the bloc and brokering new deals with all the countries it now trades with under the EU’s umbrella.

European Commission chief Jean-Claude Juncker has warned the EU will “not be bending over backwards” to help Britain in those negotiations. Analysts say it could take the island nation a decade to secure new trade accords worldwide.

In a worst-case scenario, the International Monetary Fund has warned that the British economy could sink into recession next year and overall economic output would be 5.6 percent lower than otherwise forecast by 2019, with unemployment rising back above six percent.

Thousands of jobs in the City could be transferred to Frankfurt or Paris, top companies have warned. The Brexit camp argued that the business world will adapt quickly, however, with Britain’s flexible and dynamic economy buoyed by new economic partners and selective immigration.

The campaign has left Britain riven in two, marked by the brutal murder of pro-“Remain” British lawmaker Jo Cox, a mother of two who was stabbed, shot and left bleeding to death on the pavement a week ahead of the vote.


– British unity threatened –

The vote threatens the unity of the United Kingdom, too.

Two years after Scotland voted in a referendum to remain in the United Kingdom, its political leader First Minister Nicola Sturgeon has said a new independence vote is “definitely on the table” after Britain voted against the majority will expressed by Scots.

“Scotland sees its future as part of the EU,” Sturgeon told Sky News after the vote.

Northern Ireland, which is part of the United Kingdom, is now faced with the prospect of customs barriers for trade with EU-member the Republic of Ireland. Irish republicans Sinn Fein called for a vote on Irish unity following the referendum.

Leaders of Europe, born out of a determination to forge lasting peace from the carnage of two world wars, will open a two-day summit on Tuesday to grapple with the British decision.

German Foreign Minister Frank-Walter Steinmeier warned this month that a British departure would be a shock requiring quick action to avert the “disintegration” of the bloc.

“Small countries that are economically at least as affluent as the UK are the main ones at risk, especially Denmark and potentially also Sweden,” said Carsten Nickels of the Teneo analyst group in Brussels.

Immigration and an erosion of economic security have become rallying cries for populist challenges that remain scattered across in Europe, just as they have for Donald Trump’s campaign in the US presidential election.

The bloc will have to learn lessons not only from events in Britain but from the rest of Europe, Juncker said ahead of the referendum, warning against a rapid push for more integration.

“This euroscepticism is not only present in Britain,” he said.




Posted: at 24-06-2016 08:36 AM (5 years ago) | Hero
- nametalkam at 24-06-2016 08:41 AM (5 years ago)
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Change is happening everywhere in the wold now! UK are no longer part of Europe again!?

Posted: at 24-06-2016 08:41 AM (5 years ago) | Hero
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- djnero at 24-06-2016 08:41 AM (5 years ago)
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very good better this way
Posted: at 24-06-2016 08:41 AM (5 years ago) | Upcoming
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- Vistolyn at 24-06-2016 08:54 AM (5 years ago)
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Its quiet disappointing . So d cruel death of Mrs Jo Cox is nw in vain nobody remembered all dat she stood 4 ? Its a pity Britian cos u pple ar nw OYO . Rubbish freedom acquirers .
Posted: at 24-06-2016 08:54 AM (5 years ago) | Newbie
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- michaelc80 at 24-06-2016 09:03 AM (5 years ago)
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Y'ALL should be very very CAREFULLLLLLLLLLLLLLLLLLLLLLLL ooooooooooooooooooooo
Posted: at 24-06-2016 09:03 AM (5 years ago) | Gistmaniac
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- kenosas at 24-06-2016 09:04 AM (5 years ago)
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You see,they voted for peaceful exit from EU,without killing themselves,but let it be any part in africa,thousands of people will go down.
Posted: at 24-06-2016 09:04 AM (5 years ago) | Gistmaniac
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- HUMANresurce at 24-06-2016 09:04 AM (5 years ago)
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 Cool Cool 8)European Union still remains much stronger without Britain.. It's only if DEUTSCHLAND leaves EU, then, there will be problem
Posted: at 24-06-2016 09:04 AM (5 years ago) | Upcoming
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- CHRISETTE at 24-06-2016 09:07 AM (5 years ago)
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Wow they are leaving european union?
Posted: at 24-06-2016 09:07 AM (5 years ago) | Hero
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- gogoman at 24-06-2016 09:18 AM (5 years ago)
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crazy people make me waste my vote
Posted: at 24-06-2016 09:18 AM (5 years ago) | Addicted Hero
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- morgan1 at 24-06-2016 09:20 AM (5 years ago)
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Incredible,,,,,,,
Posted: at 24-06-2016 09:20 AM (5 years ago) | Hero
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- okuboye at 24-06-2016 09:22 AM (5 years ago)
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how this news take affect me
Posted: at 24-06-2016 09:22 AM (5 years ago) | Gistmaniac
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- Keffejude at 24-06-2016 09:30 AM (5 years ago)
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Niger delta must leave Nigeria 4 development to come. I blame GEJ 4 being soft n stepping down 4rm power
Posted: at 24-06-2016 09:30 AM (5 years ago) | Gistmaniac
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- EDDYPRINCE at 24-06-2016 09:31 AM (5 years ago)
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UK LEAVING EU WAT ARE THEY FEELING LIKE ..... NONSENSE
Posted: at 24-06-2016 09:31 AM (5 years ago) | Addicted Hero
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- nametalkam at 24-06-2016 09:32 AM (5 years ago)
Online (m)
Quote from: mr gogo on 24-06-2016 09:18 AM
crazy people make me waste my vote

hahaha, so you voted to stay in EU, Britain is tired of too many migrants coming into the country, so out we go!

Posted: at 24-06-2016 09:32 AM (5 years ago) | Hero
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- gogoman at 24-06-2016 09:34 AM (5 years ago)
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Quote from: Daniel Bosai on 24-06-2016 09:32 AM
hahaha, so you voted to stay in EU, Britain is tired of too many migrants coming into the country, so out we go!


Yes na , i voted remine in EU , me dey enjoy my trip around the EU na
Posted: at 24-06-2016 09:34 AM (5 years ago) | Addicted Hero
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- Vectorcy at 24-06-2016 09:39 AM (5 years ago)
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How many of our politicians honorably resign from a political position when things do not fall in place with their job, I really expect a man like fashola to resign honorable ashis input in the power sector cannot light a candle, but instead they choose to sit tight like it's their birthright to rule. Why on earth must they wait to be sacked or impeached, or blackmailed or forced into resigning. In a civilized society saraki would have long resigned, we were
colonized by Britain but we did not learn a dime, maybe independence came too early, as far as I know the only man that resigned honorably is Sunday oliseh, he holds that record
Posted: at 24-06-2016 09:39 AM (5 years ago) | Hero
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- schmit at 24-06-2016 09:40 AM (5 years ago)
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Germany  go  hear am
Posted: at 24-06-2016 09:40 AM (5 years ago) | Hero
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- 50scent at 24-06-2016 09:43 AM (5 years ago)
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Quote from: Daniel Bosai on 24-06-2016 08:41 AM
Change is happening everywhere in the wold now! UK are no longer part of Europe again!?

The vote was clearly manipulated, Im quite sure; the number of people supporting to remain with EU are more than Brexit

Posted: at 24-06-2016 09:43 AM (5 years ago) | Addicted Hero
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- 50scent at 24-06-2016 09:46 AM (5 years ago)
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Quote from: Buchman FORZA on 24-06-2016 09:04 AM
Cool Cool 8)European Union still remains much stronger without Britain.. It's only if DEUTSCHLAND leaves EU, then, there will be problem

You never know Britain and their tactics , the vote has been decided that election is just a mere formality... They want to remain alone without EU dictating for them

Posted: at 24-06-2016 09:46 AM (5 years ago) | Addicted Hero
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- HUMANresurce at 24-06-2016 09:47 AM (5 years ago)
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Quote from: meli schmidt on 24-06-2016 09:40 AM
Germany  go  hear am
WHY?  Even na Britain ho hear am.. German na very strong economy  pilla for EU. Britain na selfish people that's why they leave,
Posted: at 24-06-2016 09:47 AM (5 years ago) | Upcoming
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