Britain votes to leave the European Union
June 25, 2016, 21:40:41 CEST | Wikinews
June 25, 2016, 21:40:41 CEST | Wikinews
()
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
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
Most popular
Recently Viewed:
Britain votes to leave the European Union
Following the results, David Cameron announced his intention to resign as the UK's Prime Min...
Perry out, Abbott in: Texas gets new governor
Thursday, January 22, 2015 Greg Abbott was sworn in on Tuesday as the first new governor f...
100 tons of ivory burned in Africa; estimated at $25...
Celebrities Kristin Davis, Leonardo DiCaprio, Nicole Kidman, George Soros, and Elton John we...
South African apartheid assassin Eugene de Kock gran...
South African Justice Minister Michael Masutha yesterday announced he is granting parole to ...
Seismic activity continues to shake Puerto Rico with...
United States Related articles 17 January 2020: Seismic activity continues to shake Puerto...