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Global markets plunge as Britain votes to leave EU

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No exit polls? No. May be the word 'exit' is scary at the moment (!)

9 ( +10 / -1 )

We are poised between half of the population wanting to live in a Star Trek universe (larger, diverse world) and half on Walton's Mountain (in your own little corner of the world).

Here's hoping the human race decides to move forward. We've gone backward too many times.

0 ( +11 / -11 )

the EU is a sinking ship whichever way the vote goes.

6 ( +15 / -8 )

EU referendum results live: Brexit campaigners concede defeat after exit poll.

http://www.telegraph.co.uk/news/2016/06/23/eu-referendum-will-it-be-brexit-exit-poll-and-results-live/

-6 ( +2 / -8 )

Great Britain will stay in the EU. Too many talentless pencil-pushers would lose their jobs otherwise and we as a people have moved from the bold, do-it-yourself people that we were before to a meek and timid group that want to be taken care of. As for those who say we are better by being connected, all I can say is ask Greece how it turned out.

2 ( +11 / -9 )

Samwatters - you nailed it exactly.

-2 ( +8 / -10 )

Thanks Outrider.

-6 ( +4 / -10 )

Hoping for a Brexit win. The quote from John Cleese I like the best was: """If I thought there was any chance of major reform in the EU, I'd vote to stay in. But there isn't. Sad. Sorry, Paddy."""

4 ( +9 / -5 )

No one has conceded. They said that they expected a Remain win but still obviously hoped otherwise. As if that would change a result. There is still a lot of counting to do....leave was ahead last time I checked the BBC website.

2 ( +4 / -2 )

so we're stuck with them!!damn as an irish man I was looking forward to them eating humble pie

1 ( +4 / -3 )

Here's what the Daily Muck is showing now:

EU referendum results live: Early votes give huge boost to Brexit chances

http://www.telegraph.co.uk/news/2016/06/23/eu-referendum-will-it-be-brexit-exit-poll-and-results-live/

Gotta love conservative 'news'

0 ( +2 / -2 )

Immigration overload. Let's hope the BG can reclaim its own identity and separate from the EU.

-2 ( +7 / -9 )

Leave is leading but with only 2.1% counted this is hardly tallied enough to claim either way. We're just going to have to wait for the results

2 ( +3 / -1 )

We're just going to have to wait for the results

Don't be silly! We need to speculate wildly and talk about nothing!

8 ( +8 / -0 )

The early results from England are not encouraging for the remain side, 60% leave to 40% remain. The pound is already Y6 down compared with yesterday's close. The country is well and truly stuffed.

0 ( +4 / -4 )

Don't be silly! We need to speculate wildly and talk about nothing!

Lol

2 ( +3 / -1 )

Either way its good for the US.

If Britain leaves, we stay in charge of Europe's foreign policy that much longer.

If Britain stays, the path to a European Army that can project power move along, which will help our handing off maintaining the world order to others and we decline relatively over the next 50 years.

You see, I am an optimist after all.

3 ( +3 / -0 )

The bookies are slashing the odds on leave. Down to 6/4 from 6/1 yesterday.

1 ( +4 / -3 )

One thing is for sure, all the Remain supporters in government need to quit or reassess their jobs so that they are in line with branding UK and its skills and abilities, not EU thinking

That can only really happen with new people

2 ( +3 / -1 )

The pound is now down Y12 in just a few hours. It's dropping like a stone.

3 ( +3 / -0 )

In other political news, Chris Bryant called Ed Milliband "a tosspot".

0 ( +1 / -1 )

One thing is for sure, all the Remain supporters in government need to quit or reassess their jobs

True. The only guaranteed certainty is that Cameron is finished. Will he quit next week?

Looks like the bookies and a lot of so called "experts" are looking very silly right now!

2 ( +2 / -0 )

OMG The bookies now have leave as favourites.....

0 ( +2 / -2 )

your link died. Here's another one: http://www.telegraph.co.uk/news/2016/06/23/leave-or-remain-eu-referendum-results-and-live-maps/

1 ( +1 / -0 )

On the Japanese news they just showed it at 50.8% to stay, 49.2% to leave. Pretty close!

-2 ( +1 / -3 )

It's going to be absurdly close. I think Brexit might get it

0 ( +2 / -2 )

It's currently 50.2/49.8 - so damn close! Although London has yet to be counted which will most likely kill off Brexit

2 ( +3 / -1 )

anyone care to explain Scotland? England appears to be leaning Leave but Scotland / Northern Ireland are predominately Remain. I find that weird

-1 ( +2 / -3 )

I think it will be a close call but I think the BRexit won't happen.

Scotland already announced separation from the UK if it leaves the EU.

2 ( +3 / -1 )

@It's Me

Yeah, so if Scotland would leave on a Remain vote, why then vote to Remain? That makes no sense. Especially since with their vote the Remain side ties the Leave side. facepalm

It's been 50/50 now and then a tilt to Leave or Remain for a bit now. It'll be close

1 ( +1 / -0 )

When it comes to London, as half of the Population are not even Native English that could well be a boost for the in vote....

1 ( +3 / -2 )

sf2k.

I said if a Brexit happens Scotland will leave the UK.

3 ( +3 / -0 )

London looks to be already counted on the telegraph page. 69.9% Remain, 30.1% Leave. Overall now at 51.5% Leave and 48.6% Remain, although it was 50/50 just a moment ago. This will knock around all night!

Typo above in one of my posts; one of the Remains should be a Leave. Doesn't matter 6 and 1/2 dozen of the other ;)

2 ( +2 / -0 )

This is more exciting than the Euro soccer championship. I've been up since 3 and really want to get some sleep, but can't take my eyes of the BBC.

Remain 300,000 in the lead.

3 ( +3 / -0 )

Final results and the official announcement should be in by 15:00JST.

1 ( +1 / -0 )

Reuters live update http://uk.reuters.com/

Results updated: June 24, 2:38 GMT

REMAIN: 48.4% 6,808,581 votes

LEAVE: 51.6% 7,256,423 votes

Source: UK Electoral Commission

2 ( +2 / -0 )

Practically the same, the first has interviews and county results, both have maps showing the outcome

http://www.telegraph.co.uk/news/2016/06/24/eu-referendum-results-live-brexit-most-likely-outcome-says-leadi/

http://www.telegraph.co.uk/news/2016/06/23/leave-or-remain-eu-referendum-results-and-live-maps/

0 ( +1 / -1 )

Astonishing results right now. Even if the 'remain' wins by the narrowest of margins, it's now clear the Brits and all eurosceptics have won a moral victory.

3 ( +3 / -0 )

This is more exciting than the Euro soccer championship.

Ha ha - very true! Although thats not too hard, its been the dullest of dull tournaments - with the exception of the "Cinderella story" of Wales and Northern Ireland.

Leave up by 400, 000 - Birmingham will be the key now.....

0 ( +1 / -1 )

What happens if it ends up like 50.1% to 49.9% to leave? Can the country really leave the EU based on the votes of a few thousand people?

0 ( +3 / -3 )

I hope enough Brits had the gumption to vote Leave.

1 ( +5 / -4 )

I spoke to sis this morning - She said she voted to stay.

Her reasoning was this -

''I love the wine and cheese. The rest of them are a$$holes'' LOL

2 ( +3 / -1 )

Wow, they might actually pull the trigger and leave? Will be interesting to see how this goes down.

2 ( +2 / -0 )

Strangerland

Same question for Remain isn't it? If Remain would accept the 50.1 to 49.9 win then Leave can accept its own 50.1 to 49.9 win, so yeah either side would go with it.

Currently 10 million votes for Leave, It needs 16.8 to win

1 ( +2 / -1 )

anyone care to explain Scotland? England appears to be leaning Leave but Scotland / Northern Ireland are predominately Remain. I find that weird

Because post-devolution, English politics is seen as decreasingly relevant if not downright injurious to the populations in those areas?

Scotland has overwhelming voted for the EU. Northern Ireland is close by, but the Welsh have made a Universal Declaration of Independence.

Will the Welsh blow up the Severn bridges when the England result is finalised? Will they peg the Taff to Sterling, or some other currency?

Whither Runt Britannia when the whiskey zone secedes, forming a post-sectarian Euro-bloc united by a love of Glasgow football?

-1 ( +1 / -2 )

Yes, it's very similar to what happened in the Austrian national election last month. Very close, and could end up being decided by expat postal votes ...

1 ( +2 / -1 )

If Brexit triumphs, the British ruling class will find a Machiavellian way to nullify the people's decision because leaving the EU simply does not serve their interests. Cameron devised the referendum just to placate the eurosceptics within his own Tory party and by offering the British electorate the chimera of a choice to curb immigration, he came up with a vote-winning ploy. As the old adage goes: be careful what you wish for ( alluding to the ignorance of the majority who never seem to understand that their interests are never those of their masters).

-1 ( +3 / -4 )

'The problem with Scotland is that it's full of Scots''.

-1 ( +3 / -4 )

although the EU have ahistory of making countries redo a refurendum if they dont like the result as they did with ireland so maybe the can keep doing it until the British come round

-1 ( +1 / -2 )

Hard to tell if a majority of people have said NO to the EU or a no to Cameron himself. DC has been a poisoned chalice for the 'remain' side.

2 ( +3 / -1 )

Hi Strangerland, Common sense will (hopely) dictate that the government takes stock of the situation refains from invoking article 50, there is to much at stake, we such a close call, it step back time.

1 ( +2 / -1 )

buchailldanaJun. 24, 2016 - 12:21PM JST although the EU have ahistory of making countries redo a refurendum if they dont like the result as they did with ireland so maybe the can keep doing it until the British come round

One Norweigen minister said the same thing about their entry to the EU. They voted no, but she suspected that they'll keep on trying until they get a favorable answer ..

0 ( +0 / -0 )

The electorate is insensed but the behaviour of our political establishment.

It is a total shambles, down to a vicious personalised campaign of fear and loathing.

It split Great Britain society, I am aghast private telephone polling forecasts of up 3000 have been deceived. This is more than a bloody nose without clear mandate the markets will dive for cover and close the hatch. It time to have the courage and hold back from a political and ecomonic catastrophe.

1 ( +2 / -1 )

njca4

Norway's population is 5.14 million, UK population is 65.1 million. Much easier for a small population to keep running referendums. But you can't just keep running referendums at larger scales, the cost is too much and it looks like you can't accept results.

UK's result will stick for a long time

-1 ( +1 / -2 )

The BBC are calling it for leave.

1 ( +2 / -1 )

sf2k, you are must be a little confused. I voted to leave. I was stating that the unelected EU officials will stop at nothing to get Norways Oil and Gas, thus contiuously hold elections on joining Europe.

0 ( +0 / -0 )

Looks like it's over, BBC and ITV are both calling a Brexit win, 52% to 48%. It will never have been so painful for me to say "I told you so", as I will be telling leave voters for the next few years, with Scotland leaving the UK, living standards going down not up, working class areas getting poorer not richer, working conditions getting worse not better, NHS funding going down not up, and the I told you so-s start right now with sterling - I predicted it would fall at least 15%, probably 20, and it has already fallen 17%. This is the biggest single drop on record and it isn't finished yet - history will record this as Black Friday.

@samwatters

all I can say is ask Greece how it turned out

Pretty well given how recently Greece was a poverty-stricken dictatorship. Greece's history doesn't only go back to 2008.

@outrider

Remain gets the muslim vote

Amazing that you're trying to make this about religion. It has nothing to do with religion. Muslims in majority remain areas are mostly voting remain and Muslims in majority leave areas are mostly voting leave; this referendum has been about social class, not religion.

@sf2k

England appears to be leaning Leave but Scotland / Northern Ireland are predominately Remain. I find that weird

Why is that weird? It's exactly as expected; Scotland is strongly pro-EU. In Northern Ireland's case, the peace process there has been largely underpinned by the EU membership of both the UK and Ireland; a leave vote could lead to significant problems there, and renewed violence in the worst-case scenario. I expected a marginal leave vote in England, but not by this much; the big surprise for me is that Wales has voted heavily to leave - this indicates that many working class Labour heartlands have voted against their party's recommendation to vote remain, which is why it now looks likely Brexit has won.

8 ( +8 / -0 )

This is more than a bloody nose without clear mandate the markets will dive for cover and close the hatch.

It's as decisive as it needs to be. Had they won, I don't think the Scots would have said, "it's only 51-49, so we shouldn't go forward with independence."

It time to have the courage and hold back from a political and ecomonic catastrophe.

You think that there wouldn't be a UKIP landslide in 2020 if the two parties decided to do that? It would only delay the inevitable, and it would destroy the Conservative and Labour parties forever. Of course, that may be your goal.

Unless the Commission prostrates itself before Cameron et al, and offers REAL concessions, exit is a certainty.

1 ( +1 / -0 )

The fall in the pound will be a massive boost for UK exports and the property owning class will see yet another meteoric rise in the value of their properties!

Winners all round!

Plus we do no longer have to pay for all those paper shufflers in Brussels anymore !

Banzai!

2 ( +5 / -3 )

If the UK leaves I guess they will be also excluded from the Schengen agreement.

Pity I enjoyed taking the train from London to Paris and return same day but now we will need our Passports.

0 ( +1 / -1 )

Reuters live update http://uk.reuters.com/

329 OF 382 AREAS REPORTING | 82.0% OF VOTES COUNTED | TURNOUT: 72.2%

Results updated: June 24, 4:00 GMT

REMAIN: 48.2% 13,258,465 votes

LEAVE: 51.7% 14,239,062 votes

Source: UK Electoral Commission

Leave is to win.

0 ( +1 / -1 )

Wow, I didn't expect the leave side to win.

The crashing pound is good news for me however, with an upcoming trip to London! I wonder how long it will stay down.

2 ( +6 / -4 )

Will be interesting to see how this goes down.

And down is the way it is going.

Old Chinese curse - May you live in interesting times.

3 ( +8 / -5 )

I'm stunned. Never have so many turkeys voted for Christmas. As someone who holds a European passport, I'm not worried about my own prospects, but millions of young people across the UK have had their futures squandered tonight. What happens next? In the long term nobody knows, in the short term it looks like the FTSE futures are pointing to an 8% drop. It looks like Osborne wasn't lying about the Brexit budget.

One silver lining in the collapse of the pound is that choosing a currency won't be a contentious issue in the next Scottish independence referendum.

1 ( +5 / -4 )

If the UK leaves I guess they will be also excluded from the Schengen agreement. Pity I enjoyed taking the train from London to Paris and return same day but now we will need our Passports.

We've always had to show our passports when we go from England to France. I went back last christmas and nothing has changed.

1 ( +1 / -0 )

I also hold an EU passport so agree with M3M3M3.

Not directly affected as I no longer travel to the UK on Business.

1 ( +1 / -0 )

Great analysis, Yoshitsune.

As John Hume, one of the catalysts in the Irish peace process, said:

You can't eat a flag.

2 ( +2 / -0 )

Nobody should be stunned by this result.

The beLEAVERs knew that voting for a Brexit would have a negative effect on the economy - ALL economists stated so.

We voted NO to the open-door immigration policy of the EU. Simple.

2 ( +4 / -2 )

At Heathrow I always walked up to the EU counter held my EU Passport up and was waived through, had to wait for my J-Colleagues to get processed.

1 ( +1 / -0 )

The former Sick Man of Europe has voted for RELAPSE.

1 ( +4 / -3 )

Congratulations! INDEPENDENCE!

0 ( +6 / -6 )

Every country in Europe has formally been 'the sick man of Europe'.

If you want to talk about sick, how about PIGS for a start ?

That's more relevant than talking about what was happening in the 1970s.

0 ( +0 / -0 )

Old Chinese curse - May you live in interesting times.

Yeah, like living in Japan the last couple decades........

1 ( +1 / -0 )

Probably the beginning of the breakup of the United Kingdom.

Scotland will likely have their own vote to leave, this time not the EU but the UK. Northern Ireland may vote to leave the UK too - which would then complicate the peace accord (whether N.I. erects a border between N.I. and Ireland if N.I. leaves the EU, or between N.I. and England if N.I. remains in the EU - either way, a border has to be raised to one or the other).

And if the UK breaks up, US and France would lose an ally in the UN Security Council because many would feel a handicapped England by itself shouldn't deserve such powerful seat anymore, leaving the UNSC decisions likely be 2-2 draw for the foreseeable future.

5 ( +7 / -2 )

Congratulations UK!

Now the part begins where you create an economy for the people that live there, not the millionaires and billionaires who lived off your labours and left you with little. They'll lose in the markets, isn't that nice? Brought down a peg or two.

Re-localization will mean listening. Cameron to resign?

-3 ( +5 / -8 )

This is interesting to say the least! I am sure things are going to get quite interesting. Additionally this kind of action (if the UK does in fact leave) is the type of incident that can trigger a global depression. Although I think it is a good deal for a country to maintain its sovereignty I wonder what the unintended consequences may be.

I would be very interested in hearing from some of the UK passport holders what their take is on this going forward. Also several of my European friends are telling me they are hoping their respective countries will consider this as well. I wonder if this could start a snowball type effect.

1 ( +1 / -0 )

As much as I dislike the way this went, I think njca4 nailed it why so many did vote to leave:

We voted NO to the open-door immigration policy of the EU. Simple.

1 ( +2 / -1 )

Unbelievable.

This will have massive effect on all of us in Europe. And I can't see any of it being good. Could even be the end of the EU.

The Tory party own this mess. Its was always the cancer in their posh-boy party.

4 ( +7 / -3 )

Practically bloodless. They only had to murder one woman to get it done. Hey, everyone who voted for this-- kiss your jobs goodbye, too.

0 ( +6 / -6 )

Her name was Jo Cox, and to be honest her murder was a boost to the remain side if anything.

(kiss) good-bye job ... Talk about fear mongering lol

2 ( +6 / -4 )

I don't understand all the worries about the weaker pound. This will help the UK export more easily, if it even remains this way for more than a few months. Currency manipulation is about the only policy Japan has and the whole country thinks a weaker currency is great for trade.

This exit vote is the fault of EU arrogance. The UK tried to state its case to the EU for a better deal and got told to sod off. The UK is/was the second biggest net contributor to the EU, but the EU gave Cameron the finger and sent him back to London with nothing. So now we will sod off. Absolute stupidity from Brussels.

-1 ( +4 / -5 )

sf2k: "Now the part begins where you create an economy for the people that live there, not the millionaires and billionaires who lived off your labours and left you with little."

Labours? 100 years ago maybe. Immigrant labours perhaps. Most of the former working class are on the dole living in larger houses than mine and claiming housing benefits. Few of the people who live there seem to want to work. Whatever happened to the old work ethic?

A vote for change like this is for bored people, tired of the way they are, gambling that a change of scenery might bring something better. A return to a better past? To a better future? Well, it might...

-2 ( +0 / -2 )

@It"S ME

If the UK leaves I guess they will be also excluded from the Schengen Agreement

The UK has never been part of Schengen (though of course that didn't stop Leave from whipping up fears about 75 million Turkish immigrants marching through borderless Europe and stealing our jobs)

@njca4

If you want to talk about sick, how about PIGS for a start ? That's more relevant than talking about what was happening in the 1970s.

PG and S were still poverty-stricken dictatorships in the 1970s. Being in the EU has been very good for them.

@lostrune2

Probably the beginning of the breakup of the United Kingdom.

Scottish independence probable by the end of the decade.

And if the UK breaks up, US and France would lose an ally in the UN Security Council because many would feel a handicapped England by itself shouldn't deserve such powerful seat anymore

This is a good point. China and Russia will likely not consider Little Engerland to be worthy of sitting at the same table as them. Perhaps this will lead to a full overhaul of the security council and seats for India and one or two others - Japan certainly wants one, though China would do everything it could to block that.

@sf2k

Now the part begins where you create an economy for the people that live there, not the millionaires and billionaires who lived off your labours and left you with little

This is indeed the fantasy that was sold to the working class to persuade them to vote for Brexit. But it is a fantasy. The millionaires and billionaires in charge of the UK will now set about establishing the government that they really want, without the meddling EU and its pesky labour protections laws, and the hard right of the Tory party will continue to pursue their goal of privatising the NHS. The common man is about to be shafted harder than ever before, and has actually been duped into voting for it, while the millionaires and billionaires that were behind Brexit are fully insulated from the economic train-wreck that we are about to witness.

0 ( +2 / -2 )

"Now the part begins where you create an economy for the people that live there, not the millionaires and billionaires who lived off your labours and left you with little. They'll lose in the markets, isn't that nice? Brought down a peg or two."

I don't think you've been paying attention. Tooth-and-claw Toryism out of the EU and off the leash, very possibly under Boris Johnson, will see the millionaires and billionaires do very nicely from now on.

The less well-off people of the UK are facing something terrifying.

5 ( +8 / -3 )

The Exit will still take some time(years?) to become effective in reality.

So the changes will not be felt for some time, as the UK government now has to formulate the exact exit strategy.

0 ( +0 / -0 )

The less well-off people of the UK are facing something terrifying.

Yup and they voted for it. Turkeys and Christmas.

7 ( +8 / -1 )

Also several of my European friends are telling me they are hoping their respective countries will consider this as well. I wonder if this could start a snowball type effect.

You can count on it. The anti UE leader from Holland already requested a #nexit referendum. Like dominoes this will go. But then again, it depends on the EU if they agree with the results of the referendum. From what I heard they can decline a democratically voted result and ask for a new referendum :

0 ( +1 / -1 )

Err, what it might mean for the ordinary person is a more robust,wealthier life for the native English population! How many UK companies are taking advantage of and abusing immigrant workers? Well, we will never know as cash under the table payments to cleaners,labourers,pallet stackers etc are not recorded. Leaving the EU is a boost for our low cost workers.

I for one , will be much happier not to have to step over sleeping immigrants on the streets of London.....

-2 ( +1 / -3 )

@papigiulio - Thank you for your reply. So the EU un-elected leaders can over-rule this type of vote/referendum? This kind of seems crazy. I understand/understood the EU is different than the US as the nation states still have some sense of sovereignty. Perhaps my perception was wrong.

1 ( +1 / -0 )

It looks like the poorly educated, monoglot xenophobes have it, not that I'm bitter.

That said, I just sold every Yen I could get my hands on at Y134 to the pound. Time will tell if that was a good move, or not.

2 ( +4 / -2 )

Sorry I'm poorly educated, what does monoglot mean?

0 ( +1 / -1 )

This referendum is purely advisory and isn't legally binding in any way. It's now up to Parliament to decide whether to ignore the Brexit sentiment, actually leave the EU, or possibly compromise by remaining a part of the EU but negotiate revised membership terms. My understanding (and hope) is that this is far from a done deal.

6 ( +7 / -1 )

It looks like the pound has bounced back slightly before the FTSE opens. Either the pound is stabilizing or traders are expecting a huge demand for sterling when the markets open and everyone begins selling their shares.

what does monoglot mean?

Someone who only speaks a single language.

2 ( +2 / -0 )

It looks like the poorly educated, monoglot xenophobes have it

Where did you get that nasty idea from: the map?

http://www.bbc.com/news/politics/eu_referendum/results

1 ( +2 / -1 )

Has anyone heard whether they've started bricking up the Eurotunnel yet?

6 ( +6 / -0 )

@Tokyo-Engr

So the EU un-elected leaders can over-rule this type of vote/referendum?

No, the EU absolutely can do no such thing. That is the exact sort of disinformation the Brexit campaign was based upon! This referendum was for the UK government, and it is up to the UK government alone to decide how to respond to it. If the UK government wants to leave the EU, it must invoke Article 50, and is free to do so. The EU has no power to overrule the UK government, because despite what the leavers say the UK is and always has been a sovereign nation.

@papigiulio

See above. The EU has no say in whether the result of the referendum is accepted or not. All member states are free to leave if they wish, and that's what the majority of the UK population has just told the UK government they want them to do.

@kurisupisu

I for one , will be much happier not to have to step over sleeping immigrants on the streets of London.....

Here we go. Are you going to take part in the cleansing, or just applaud from the sidelines? Of course I jest, but without such an extreme action immigrants are still going to come. Leaving the EU will not stop immigration.

0 ( +2 / -2 )

"Sorry I'm poorly educated, what does monoglot mean?"

Mono - 'one' Glot - 'brain cell'

3 ( +4 / -1 )

A vote for change like this is for bored people, tired of the way they are, gambling that a change of scenery might bring something better. A return to a better past? To a better future? Well, it might...

Sounds like the Trumpets.

0 ( +2 / -2 )

There once was a man named Farage, His mouth like a gaping garage. "Open Sesame", he knocked; Pandora's Box he unlocked. "Cast off!"... "Wave goodbye to our barge!"

4 ( +6 / -2 )

"There once was a man named Farage, His mouth like a gaping garage. "Open Sesame", he knocked; Pandora's Box he unlocked. "Cast off!"... "Wave goodbye to our barge!"

Very good.

1 ( +4 / -3 )

I don't understand all the worries about the weaker pound. This will help the UK export more easily if it even remains this way for more than a few months. Currency manipulation is about the only policy Japan has and the whole country thinks a weaker currency is great for trade. yes but the UK will have to pay tariffs to export to the EU and visa verse. the main benefit of staying in the EU is members can trade tariff/barrier free, this will all change now, more tariffs more paperwork and red tape. If the UK thinks they can negotiate a similar deal with the EU which has a much larger trading advantage now they'll be rudely shocked

6 ( +6 / -0 )

I don't understand all the worries about the weaker pound

Those doing their weekly shops at Tesco in the coming months will understand.

3 ( +5 / -2 )

Yes! Yes! The world is changing. Get ready for a lot more of the same,only better.

-3 ( +2 / -5 )

CONGRATULATIONS UK!!

However, I would hold the champagne. I would not be surprised at all if the corrupt euro elites find a way to ignore the "leave" vote and turn it into a "stay" on a technicality.

Wait for the attempts.

-5 ( +3 / -8 )

"It looks like the poorly educated, monoglot xenophobes have it

Where did you get that nasty idea from: the map?"

Nice one. When the Scots get their independence, is there any chance of letting in half a million scousers? We'll bring our footy teams and make your league more competitive.

A campaign led by the preposterous double act of Johnson and Farage actually won this. I can't think of a more damning indictment of a country.

Screw England.

1 ( +5 / -4 )

The U.K. is the 5th largest economy in the world.That being said, leaving the E.U. means eventually the E.U. will not exist.

-3 ( +3 / -6 )

Here we go. Are you going to take part in the cleansing, or just applaud from the sidelines? Of course I jest, but without such an extreme action immigrants are still going to come. Leaving the EU will not stop immigration.

Yes thats true,but it will slow it down quite a bit.

-1 ( +1 / -2 )

Cameron has fallen on his sword. Speaking outside 10 Downing St. now

0 ( +1 / -1 )

Cameron has resigned. This result may have delivered the UK into the hands of Boris Johnson.

Screw England twice.

4 ( +5 / -1 )

How many did not vote?

0 ( +0 / -0 )

So the mighty establishment has had its cage rattled, problem is the establishment rules and it will eventually win. Personally I agree with the result, but sadly it took a referendum to rattle the cage. The political elite,the bureaucrats , bank barons and corporate giants leaders are not going to let the UK of the hook they will set in place a punishment so the other remaining states will know the consequences, already the pounds in a nose dive, but I believe thats a controlled response and will rectify itself when it starts to hurt them as much as the UK. The politicians of all parties in the UK behaved badly to say the least, they are all aware that the mighty establishments system can never be beaten, but , and it's a big but, the system can be used. They should have read the small print and played the might of bureaucrats at their own game, challenged everything and everybody within the european parliament instead of just agreeing with everything, in the end it forced a referendum the the establishment thought they would win. So now it's wait and see game, I personally, once again totally believe in the resilience and fighting spirit of all UK citizens. It needs all political fighting to stop and all political parties to work together, because once again the power of the people have spoken, they exercised their given right to vote. Now is the time for all to work and pull together to put the Great back in Great Britain. I would quote Churchill's wartime rally cry, but that would be going to far. Don't write off the UK or the British people yet, history, has habit of repeating itself.

1 ( +4 / -3 )

Crazy times in UK history!

-3 ( +1 / -4 )

We'll bring our footy teams and make your league more competitive

Actually, most homes of the great footy teams voted Remain.

http://www.bbc.com/news/politics/eu_referendum/results

0 ( +1 / -1 )

Will Toyota be moving operations to Scotland then?

2 ( +2 / -0 )

congratulations people of Britain!! The people have spoken and sense has prevailed. The EU was a shinking ship before Brexit and and its a sinking ship now. Merkel made this happen with her arrogance and stupidity. Other EU members are envious of UK right now!

-5 ( +4 / -9 )

Will Toyota be moving operations to Scotland then?

No. Japanese hate golf.

0 ( +2 / -2 )

Job number 1, repair the split between Leave and Remain halves of the country. Like Scotland in 2014 this referendum has caused acrimony, hatred and split the country in half. Ironically Scotland pretty much voted to remain part of the EU, and I'm proud of that.

With Cameron now falling on his sword I can now see Boris taking over and blundering his way to sending the UK onto sharp rocks... with that crazed, grinning, hateful loon Farage egging him on from the sidelines like some evil little demon.

3 ( +4 / -1 )

T2,

The SNP already has cross-channel outreach, and the Good Friday Agreement created structures for closer Hiberno-Scots cooperation.

Form a regional centre-of-excellence in education, culture and modern, 21st century industries.

The minority Leavers in NI largely identify as Ulster Scots anyway, and all the people can unite around Old Firm matches now that Rangers are back in the Premiership.

0 ( +0 / -0 )

SenseNSC: "Will Toyota be moving operations to Scotland then?

No. Japanese hate golf."

Just for a moment I imagined there might be some attraction there. They hate whisky too, come to think of it.

-1 ( +2 / -3 )

Will Toyota be moving operations to Scotland then?

Interesting point and this made me think how this would affect Japanese companies with factories in the UK. Perhaps this would cause them to start moving their operations outside of the UK/EU and back to Japan or Asia. Time-wise, I'm not sure how soon this Leave would have its effects on the economy (this year?) and its ripple to foreign companies in the UK.

1 ( +1 / -0 )

Very historic, probably the beginning of the end for Europe. I'm guessing Scotland won't accept having their large Remain majority being overruled by England either

0 ( +1 / -1 )

Thank you Britain. Difficult but ultimately the right decision. Many of my English friends agree and went out to vote accordingly. Britain can do so much better, and so can Europe. Down with the moneywasting EU.

-3 ( +2 / -5 )

Shouldn't Scotland demand a re-vote and get people of bed this time?

1 ( +2 / -1 )

@dcog9065

Very historic, probably the beginning of the end for Europe

I think today's predictions of Europe's demise are bound to be exaggerated. Remember that the UK has always been a thorn in Europe's side when it came to closer integration and cooperation. British MEPs, particularly Farage, have been the ones fanning the flames of Euroscepticism in the EU parliament. Without them Europe might turn out to be a very different place.

I'm guessing Scotland won't accept having their large Remain majority being overruled by England either

I guess so too. Of course, that will be a decision entirely for the Scots. We can only give them our friendly advice.

5 ( +5 / -0 )

The EU leadership is in panic mode at the moment. "Solidarity" is firm we are told. Riiiight. The threats will be flying down the phone lines from Merkel. But not even "Mutti" can save the EU now.

-5 ( +0 / -5 )

Exchange rates seem to be stabilizing now, loosing the earlier swings and troughs.

0 ( +1 / -1 )

Now that the decision had been made, politicians and businessmen should look and work at the positives. Some diversification out of EU is healthy for the long-term. One straightjacket fits all cannot work well for EU. UK will become more flexible and that in itself has advantages. Money from EU will continue to flow to London, if the City bureaucrats and bankers work to make it attractive and competitive.

-3 ( +0 / -3 )

Nicola Sturgeon has said the result is democratically unacceptable for Scotland, and the path is now open for a second Scottish independence referendum.

(Maybe London could become independent, then join Scotland and Northern Ireland and stay in the EU.)

1 ( +2 / -1 )

Trump is in Scotland. Perfect timing!

-3 ( +0 / -3 )

@yakyak

The U.K. is the 5th largest economy in the world

Not any more

@nandakandamanda

How many did not vote?

13 million. Registered electorate was 46.5 million, and 33.5 million votes were cast. 72% turnout

0 ( +2 / -2 )

If Scotland decides to leave the uk it'll be Scotland's biggest mistake since the battle of tannoc brae.

-4 ( +0 / -4 )

Voting to remain in the EU Vs voting to stay in the UK are 2 different issues.

I say give them their vote if that's what they want. NI too.

I'm pretty sure that the result will not be so different.

0 ( +1 / -1 )

Now the Scots and Sinn Fein are demanding referendums on independence / a united Ireland. The clown Johnson was on the radio talking about there being no need to rush into things with regard to the EU and that no further referendums were necessary. I wouldn't be surprised if whoever succeeds Cameron comes up with some reason not to leave the EU, no matter what they may say now. Why else would Johnson rule out a referendum on Scottish independence, overriding the right to self determination.

0 ( +2 / -2 )

Scrote, you're clutching at straws. The UK is OUT of the EU.

-6 ( +1 / -7 )

EU sez the UK should invoke article 50 next week which gives them up to 2 years to leave.

In short the EU wants a quick exit and is not willing to wait till Cameron resigns.

1 ( +1 / -0 )

if the City bureaucrats and bankers work to make it attractive and competitive

vs attrition of talent, jobs and capital from the City (London's financial centre) to Frankfurt?

0 ( +0 / -0 )

Let's hope Americans don't follow down a similar path and vote for Trump.

1 ( +2 / -1 )

vs attrition of talent, jobs and capital from the City (London's financial centre) to Frankfurt?

Don't forget about the regulation and salary caps that the EU wanted to put in place on banks/bankers.

London will be able to offer better compensation packages to keep the best people.

0 ( +1 / -1 )

@Yoshitsune I am not advocating stopping immigration. I am for the UK having more control over who it allows in though. And my example of stepping over immigrants is not hyperbole! In January this year I walked from Marble Arch to Buckingham Palace-if you do the same walk and go under the Hyde Park underpass you'll see the same as I did..,,,,

0 ( +1 / -1 )

More than expecting the agony and death of EU, I think we'll see the death of UK. The Venezuela of Europe.

2 ( +5 / -3 )

England appears to be leaning Leave but Scotland / Northern Ireland are predominately Remain. I find that weird

You don't get it ? The Scots and Irish want to go out... of the English Kingdom. Idem for Gibraltar (with 97% of 'remain' and 3% of people that can't read).

3 ( +4 / -1 )

With just about every nation in the E.U. in debt, the Union itself makes it difficult to actually address paying down debt, stimulating growth, and control immigration. I think England has done the right thing.... control your own destiny. I could not see Japan, not in the next 100 to 200 years at least, ever joining an East Asian Union of sorts.

0 ( +1 / -1 )

-5 OutriderJUN. 24, 2016 - 08:49PM JST Scrote, you're clutching at straws. The UK is OUT of the EU.

Ha! All the down votes I got for stating what the "progressives" on this site keep saying they have a monopoly on - the TRUTH.

-4 ( +0 / -4 )

n unprecedented divorce that could take decades to complete.

If it will take decades to complete, than it probably won't happen. Brexit came from an operational unity of UKIP against Labor -- two parties with two very different aims and constituencies. They temporarily united to take down Cameron.

That won't last.

-1 ( +1 / -2 )

Appears as though the Brits finally had enough of footing the bill for their broke socialist stepchildren like Greece and having their wealth spread equally among the rest of the non-productive animals on the farm in true Orwell fashion. . . .

-1 ( +2 / -3 )

In my opinion the EU was doomed from the start. Better to get it over with ASAP. The longer it continues the uglier the break up will be.

2 ( +3 / -1 )

EXPECT THE UNEXPECTED1that would be the most suitable headline for what happened.Now Scotland will urge-as threatened before-for voting to leave UK in case they vote yes for leaving EU,for sure this time they will vote for leaving UK.In any way-frankly speaking-EU ship is sinking,sooner or later it will sink,maybe British voting just pulled trigger. Among global economic chaos,i believe there should be new world economic order,otherwise stock markets and currencies Chaos will go on for long term.Uncertainty and misty will be outlines for coming period.Will this have an effect on American presidential election? i guess yes,but in which way,try to guess!!

0 ( +1 / -1 )

I read in the BBC news this morning is that the EU governance wants this to happen quickly and it actually must be completed within 2 years. I was thinking this would take longer. It seems there must be many administrative tasks that must be performed to bring this to completion.

1 ( +2 / -1 )

'' I believe there should be new world economic order"

I assume you mean an imposed order?

I doubt it. I certainly hope not. The lesson I think we should learn is too many layers of control ultimately collapses. The market should find its own order. The central banks have been trying to push the economy forward through monetary maniplulation and other tricks. Doesn't seem to working too well.

Dreams of globalization are crumbling. The people aren't buying it any more.

2 ( +3 / -1 )

Another Scottish independence referendum on the cards, possible Irish reunification. The domino effect goes on

1 ( +1 / -0 )

¿what's the difference between GB and Greek?.¿Is really the place of european countries the same for all?

0 ( +0 / -0 )

24, 2016 - 08:54AM JST Too close to what?The Daily Muck showed the Leavers had conceded defeat as soon as the polls closed.The Scottish vote to remain in the U.K. was basically the same thing.Britons by nature are conservative and voting leave woulda been contrary to natural behavior.And also,drinkers and women want to be able to go across the border and stock up on cheap grog or beauty products which would have disappeared had they left.The most over-hyped election ever.

You kinda got that all wrong didn't you. I guess the old Brits keep on surprising people which is what and has always made them probably the most successful island nation the world has and will continue to see.

1 ( +2 / -1 )

2 years tons of expense to untangle deeply interwoven policy and regulations, to only have to abide by them to be able to export to their closest neighbours.

After the vote two of the most vocal campaigners admit, it may actually have no effect on immigration and that the numbers bandied around about payments to the EU were mistaken.

"what is the EU" pops up as one of the most searched terms shortly after the vote.

Young people, those who will be effected the longest overwhelmingly voted to stay.

4% in favour of such a big change doesn't seem all that convincing.

So.. probably doesn't change the things people were pushed on emotionally and will most likely have a lasting negative economic effect.

Congrats to the world, how we have fully embraced uninformed knee-jerk politics where facts are made up and just what ever you need them to be to get a vote, now we just need Trump to get elected and we will have truly started down the road to a real life version of idiocracy.

2 ( +3 / -1 )

I guess you could say that Britain is...

puts on sunglasses

Taking a pounding.

1 ( +2 / -1 )

" Britain voted to leave the European Union after a bitterly divisive referendum campaign, according to tallies of official results Friday, sending global markets plunging "

Oh boy, the globalist propaganda machine is in full swing. Looks like the Bilderbergers are sersiously miffed. "Global markets" of course move all the time, influenced by all sorts of news, speculations, and trading programs. The claim that they purely depend on British EU membership (or at this point speculation about it) is ludicrious.

-2 ( +2 / -4 )

Joseph Farrel: the EU, as currently constituted, is not a democracy nor even a republic; it is a regulatory bureaucratic dictatorship of unelected commissioners, which heavily weight the decisions of Paris and Berlin, and at a much deeper level, of Berlin. The EU will not survive in its current fashion, simply because the people of Europe have had enough of the eurocrats’ “multiculturalism” and the globaloney of Mr. Global.

0 ( +0 / -0 )

Outrider.

Are you European?

Just asking because you sound like speak for all of Europe. NOT.

You don't speak for me and many other EU Passport holders. Tired if non-eutopeans telling us what we feell, etc, etc.

0 ( +0 / -0 )

but i do speak for other EU passport holders, so whats the problem?

0 ( +0 / -0 )

Personally I see the UK doing a reversal on the whole BRexit soon. Richard Branson is a good person who lost a big deal over this non-binding referendum

0 ( +0 / -0 )

itsME, BREXIT is a reality. It is here to stay. As for some "good" capitalist having his dealings inconvenienced by the referendum I'll leave the tears of sympathy for you to shed.

0 ( +0 / -0 )

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