In Historic Vote, Britain Goes for Brexit
The unprecedented decision raises an array of questions about what comes next.
British voters made the choice to leave the European Union on Thursday, in a decision that sent markets plunging and left the continent stunned and shaken.
The BBC called the race for Leave at approximately 4:40 a.m. GMT Friday morning. At 6:15 a.m., results showed Leave with a 52 to 48 percent lead, with just a handful of areas still yet to report their vote counts.
The country will be the first to leave the 28-member European Union, and the unprecedented decision raises a bevy of questions about what comes next. Prime Minister David Cameron, who had called the Brexit referendum but campaigned against leaving, announced Friday morning that he would resign in a matter of months, saying that he was no longer the best leader “to steady the ship.” Many to have raised questions about the fate of the United Kingdom itself, whose constituent nations were divided on the question of whether or not to leave the European Union.
For the EU itself — an institution that has spent the past few years grappling with various crises ranging from a stagnant economy to a migration influx — the vote comes as a blow. The vote will set off a process of negotiations that could take years to complete, and could give a boost to Euroskeptic forces in other member states. Speaking after the results, European Council President Donald Tusk on Friday called for “a wider reflection on the future of our union.”
The British pound fell by more than 10 percent over the course of Thursday evening into Friday morning.
This post has been updated.
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