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‘World of Uncertainty’ Unleashed as UK Votes to Leave EU and David Cameron Resigns

Posted by on June 24, 2016 in Government, Policies with 1 Comment

UK Votes To Leave EU

Editors Note: For details of David Cameron's resignation, see: David Cameron Resigns After UK Votes to Split from EU

By Nika Knight | Common Dreams

With nearly 72% of the votes tallied, the ‘Leave' campaign claimed victory with 52% of the vote compared to 48% who voted to ‘Remain.'

With enough of the votes counted for media outlets to make a call, it was confirmed just by several in the early hours of Friday morning that the UK has officially voted to leave the European Union.

As of this writing, with nearly 72% of the votes tallied, the ‘Leave' campaign claimed victory with 52% of the vote compared to 48% who voted to ‘Remain.'

The value of the British pound plunged in reaction to the news and the world's financial markets fell into jitters amid an “unraveling” of expectations the referendum would go the other way. As the Guardian's Simon Goodley reports:

There’s a state of shock in the City this morning, as investors digest the news that Britain appears to have voted to leave the European Union.

Markets had rallied yesterday on expectations that the remain side would win, so traders are now facing the prospect of a huge selloff this morning.

Representing the reaction of many British and European progressives, Nick Dearden, director of the UK-based campaign organization Global Justice Now, said the outcome was deeply troubling, though not shocking.

“It’s hardly surprising that people have voiced such distrust towards the EU when it negotiates exploitative trade deals like TTIP, visits economic destruction on its own member states, and treats refugees as if they were criminals,” Dearden said. “But the mainstream ‘leave’ campaigns have done a great deal of damage by pandering to nationalism, building a wave of anti-immigrant sentiment and fostering the spurious notion that outside the EU we can return to an age when Britain was the world’s foremost ‘great power'.”

“Britain’s decision to leave the European Union opens up a world of uncertainty in which we must now navigate in a positive direction,” he added. “Under these conditions, it’s even more important that organisations and activists redouble their efforts to oppose toxic trade deals, corporate power grabs and above all defend the rights and dignity of migrants.”

Watch live coverage via The Guardian/UK stream:

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