EU referendum: David Cameron resigns as UK shocks the world by voting for Brexit

Date: June 24, 2016

referendum EU Scotland

David Cameron has resigned as Prime Minister after Britain voted to leave the European Union.With the Leave campaign securing 52 per cent of the vote, Mr Cameron addressed the nation in an emotional speech outside 10 Downing Street to announce that he would be stepping down.

The decision launches what will be years of negotiations over trade, business and political links with the E.U., which will shrink to a 27-nation bloc.Official results released early Friday show the ‘Leave’ side prevailed 52 per cent to 48 per cent in Thursday’s vote, which had a turnout of 72 per cent.

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The U.K. is the first major country to decide to leave the bloc, which evolved from the ashes of the war as the region’s leaders sought to build links and avert future hostility.Financial authorities around the world have warned that a British exit will reverberate through a delicate global economy.

Opinion polls had see-sawed throughout an acrimonious four-month campaign, but the Remain camp edged ahead last week after a pro-EU member of parliament, Jo Cox, was shot and stabbed to death. The attack shocked Britons and raised questions about whether the tone of the debate was fuelling intolerance and hatred.

In the end though, the pro-EU camp was powerless to stop a tide of anti-establishment feeling and disenchantment with a Europe that many Britons see as remote, bureaucratic and mired in permanent crises.