Britain Votes to Leave EU ….. David Cameron Resigns

The results of the referendum are in and the U.K. has voted to leave the European Union. 52% of the country wanted to leave and that has had a massive impact already. First, British Prime Minister David Cameron has announced he is resigning. Global stock markets have gone into a chaos with major declines around the world. Bank of England Governor Mark Carney has already come out and announced they are ready to inject 250 billion pounds into the market to keep Britain stable. The price of oil dropped substantially when the markets started to tank. Even the Canadian dollar dropped a bit in overseas trading. So what does this mean for the U.K.? First, anyone not from the U.K. will require a passport to get into their country. Right now all European nations have free movement between countries. It also means that the union won’t be able to impose rules on Britain. The British economy won’t support Europe anymore and vice versa. Trade deals will need to be renegotiated and lots more.

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