RESULTS:
A referendum – a vote in which everyone (or nearly everyone) of voting age can take part – was held on Thursday 23 June, to decide whether the UK should leave or remain in the European Union.
Leave won by 52% to 48%.
The referendum turnout was 71.8%, with more than 30 million people voting. It was the highest turnout in a UK-wide vote since the 1992 general election.
Reference: http://www.bbc.com/news/uk-politics-32810887
IMPACTS
1. Language:
“In the long term, the U.K. has a lot of advantages in terms of language and culture. Other countries would find it difficult to compete in the long run. For example, American and Chinese financial services firms investing in the U.K. would stay in the U.K., partly for the simple fact that people are speaking English.”
2. Economic status:
“… nearly half of the U.K.’s exports go to Europe and the E.U. has a trade surplus with the U.K, so new trade agreements between the U.K. and E.U. would certainly have to be negotiated.”
3. Power
“As far as the global stage, the U.K.’s clout in the world is “marginal,””
“As a member of the European Union, the U.K. has more influence and can vote in trade matters.”
But…
“There will be a lot of economic uncertainty, but it won’t be a disaster.”
Reference: Why a Brexit Could Sink the EU
Additional resources:
Brexit Breakdown: What’s the Likely Impact?
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