In the biggest Political decision in modern times, with a 51.89% vote to leave the EU, against 48.11% to remain, and after 43 years of membership, Britain in the early hours of Friday, at about 20 mins to 5am, 24th June 2016, historically voted to leave the European Union (EU).
Scotland and Northern Ireland voted for Britain to remain in the EU, on the other hand, England overwhelmingly voted for British exit from the European Union (Brexit).
Does this indicate that the memorandum for Scotland's Independence will be revisited?, we keep our fingers crossed.
Scotland and Northern Ireland voted for Britain to remain in the EU, on the other hand, England overwhelmingly voted for British exit from the European Union (Brexit).
Does this indicate that the memorandum for Scotland's Independence will be revisited?, we keep our fingers crossed.
Still on the news...
Turmoil across the financial markets greeted Brexit, as Bloomberg Europe Banks and Financial Services Index fell 6.7 percent at 8:06 a.m, Friday, 24th June, 2016 in London.
Royal Bank of Scotland Group Plc and Bank of Ireland were among the two worst performers. Credit Suisse lost 14 percent while Deutsche Bank dropped as much as 18 percent.
In his speech, Bank of England's Governor, Mark Carney, allayed this fear by stating that Britain is well prepared for Brexit.
"...But we are well prepared for this. The Treasury and the Bank of England have engaged in extensive contingency planning and the Chancellor and I have been in close contact, including through the night and this morning.
British Prime Minister, David Cameron, who though believed that Britain is stronger, safer and better off in the European Union, while addressing the nation in an emotional speech, outside 10 Downing Street, stated that he will step down as Prime Minister within months. ....
"...I do not think it will be right for me to try to be the captain to stir our country to the next destination...". Cameron stated.
Turmoil across the financial markets greeted Brexit, as Bloomberg Europe Banks and Financial Services Index fell 6.7 percent at 8:06 a.m, Friday, 24th June, 2016 in London.
Royal Bank of Scotland Group Plc and Bank of Ireland were among the two worst performers. Credit Suisse lost 14 percent while Deutsche Bank dropped as much as 18 percent.
In his speech, Bank of England's Governor, Mark Carney, allayed this fear by stating that Britain is well prepared for Brexit.
"...But we are well prepared for this. The Treasury and the Bank of England have engaged in extensive contingency planning and the Chancellor and I have been in close contact, including through the night and this morning.
The Bank will not hesitate to take additional measures as required as those markets adjust and the UK economy moves forward...". Carney stated.
British Prime Minister, David Cameron, who though believed that Britain is stronger, safer and better off in the European Union, while addressing the nation in an emotional speech, outside 10 Downing Street, stated that he will step down as Prime Minister within months. ....
"...I do not think it will be right for me to try to be the captain to stir our country to the next destination...". Cameron stated.
Furthermore, Cameron stated he will work towards ensuring stability until October, 2016, when a new Prime Minister is expected to emerge; and will do everything he can as Prime Minister to support the People's Decision.
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