As you probably know by now, Britain voted to leave the European Union today, with 52% voting for a Brexit and 48% voting to stay in the EU. A YouGov poll has also indicated that 75% of 18-24 year olds voted to remain, while 61% of people over the age of 65 voted to leave.
David Cameron has since resigned as Prime Minister, telling the country earlier this morning: ‘I fought this campaign in the only way I know how, which is to say directly and passionately what I think and feel – head, heart and soul.
‘But the British people have made a very clear decision to take a different path and as such I think the country requires fresh leadership to take it in this direction.’
Scotland First Minister Nicola Sturgeon has now said a second indepedence referendum is ‘on the table’ after the UK vote.
With such a huge portion of the UK population having voted to remain, there are obviously alot of questions and concerns floating around the Internet right now. Which is why we’re going to let you know what’s likely to happen next.
Will we definitely leave?
Whilst the vote for Brexit was a majority, it’s still not set in the stone that we will leave the EU, as the vote sill has to go through parliament. We imagine plenty of prominent political figures will also put up a good fight, but it’s pretty unlikely that the decision will be reversed after such a mammoth public vote.
Who will be our new Prime Minister?
Boris Johnson is the bookies’ favourite to become David Cameron’s successor, especially given his pro-Brexit stance. However, Michael Gove and Theresa May are also in with a good chance, with George Osborne’s odds now having been slashed due to his support for the Remain campaign.
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Is the UK ecomony in big trouble?
We’re not going to lie, it’s not looking pretty – the strength of the pound is at a 30 year low since the news broke, having dropped 10% in value overnight. And widespread economic uncertaintinty is pretty much guaranteed, but the long term effects of Brexit won’t be clear for a while. Some economists have suggested that the UK will stagnate and struggle outside a single market and we are likely to see the effects last for five years.
Will Scotland and Ireland leave us?
The votes in Scotland and Ireland were both overwhelmingly to stay in the EU, so it’s no surprise that the worry is there. As mentioned above, Scotland First Minister Nicola Sturgeon has already suggested that the Scots will now demand a second referendum to break free from the UK. And over in Ireland? Sinn Fein’s Martin McGuinness has called for a vote on Irish reunification.
Will we leave the EU immediately?
No – it’s going to be at least two years until the process actually happens. First, the UK will need to trigger Article 50 of the Treaty Of the European Union, which lets a member state notify the EU of its withdrawal. It’s then up to the EU to try to negotiate an exit agreement. During this two year negotiation period, EU laws would still apply to the UK.
What does the rest of the EU do now?
One huge impact of Brexit could be triggering other countries to decide to leave the EU too. On Saturday, the foreign ministers of the founding six member states (that’s France, Germany, Luxembourg, Netherlands, Italy and Belgium) will meet to discuss the impact of the British vote.