Brexit Vote Pushes Britain Into Uncharted Waters

Brexit Vote Pushes Britain Into Uncharted Waters

She then accused leading Brexit campaigners of “conning” her with the pledge to invest the UK’s £350 million weekly contribution to the European Union in the NHS instead.Interestingly, a petition has been started in favour of a second referendum by those who want the results reversed.

The favorite to succeed him, London Mayor Boris Johnson, has aid there is “no need for haste” – but European Union leaders are saying the opposite.

He said: “The notification of Article 50 is a formal act and has to be done by the British government to the European Council”.

Iran “respects the British people’s vote to leave the European Union, and deems it to be in agreement with the will of the majority of the country’s people in regulating their foreign relations”, the Iranian Foreign Ministry said in a statement on Friday, after a majority of Britons voted in a referendum to leave the bloc after 43 years of membership. Two Labour Party members, Ann Coffey and Margaret Hodge, submitted a vote of no-confidence that will be considered on Monday.

Mr Trump said: “I think it’s a great thing that’s happened”.

The head of the biggest bloc in the European Parliament fired an early warning shot, saying that Britain should expect no free ride as it negotiates its departure.

In response to Britain’s decision to leave, Clinton said the United States must first safeguard against any economic fallout at home at “this time of uncertainty” and underscore its commitment to both Britain and Europe. In his role as vice-president, Valdis Dombrovskis is already coordinating numerous key files under this portfolio, working closely with other commissioners, the European Parliament, and the Council on several important legislative proposals in this area, such as the European Deposit Insurance Scheme. “My vote – I didn’t think was going to matter too much because I thought we were just going to remain”, he said.

German Chancellor Angela Merkel struck a less urgent tone, saying it “shouldn’t take forever” for Britain to deliver its formal notification of leaving “but I would not fight over a short period of time“.

But what does the Leave campaign’s victory actually mean for the global market? “New PM will need to analyze options and have informal talks”.

(AP Photo/Tim Ireland). The front page of the Sun newspaper reporting on the European Union referendum on a stand in Westminster, London, Thursday, June 23, 2016.Voters in the United Kingdom are taking part in a referendum that will decide whether Britain rem.

“One thing that will not change is the special relationship between our two countries”, Obama said Friday, adding that the U.K.’s membership in North Atlantic Treaty Organisation was also important.

Dow Jones industrial average futures are off by about 500 points, or roughly 2.7 percent, ahead of the opening bell in NY.

However in contrast to Germany’s caution, France has been keen to seal the British exit from the bloc as soon as possible. The Conservatives are facing a leadership battle to replace Cameron, and some members of the opposition Labour Party also hope to oust their leader, Jeremy Corbyn, who they accuse of failing to promote the “remain” side strongly enough.

As of Saturday evening exactly 2,048,062 people had signed the petition.

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