Britain votes to leave the European Union
June 25, 2016, 21:40:41 CEST | Wikinews

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Following the results, David Cameron announced his intention to resign as the UK's Prime Minister. It is expected he will remain in his post before the UK Conservative Party choose a new leader ahead of their annual conference in October. He also said he would not invoke Article 50 of the Lisbon Treaty, the process by which a member can leave the EU, leaving that to his successor as Prime Minister. A number of officials at the EU — which would be down to 27 members with the UK gone — in a statement said they would like this process to begin "as soon as possible".

At the start of trading on Friday the markets reacted negatively to the result, with the FTSE 100 falling in value by £120 billion. Mark Carney, Governor of the Bank of England, stated an extra £250 billion will be made available to help stabilise markets.

Source: Wikinews
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