UK Votes Leave in EU Referendum

World » EU | June 24, 2016, Friday // 09:50
Bulgaria: UK Votes Leave in EU Referendum Photo by EPA/BGNES

The United Kingdom has voted to leave the European Union in a referendum.

With all the votes declared, the Leave side won by 52% to 48% with London, Scotland and Northern Ireland supporting continued UK membership in the EU, while England and Wales voted strongly for Brexit,  the BBC and Sky News reported on Friday.

The Leave campaign had a lead of more than one million votes. At 72.1%, the turnout was the highest in a national poll since the UK 1992 general election.

Nigel Farage, leader of Eurosceptic UKIP party hailed the outcome of the referendum as the UK's "independence day".

The Bank of England said that it was monitoring the situation closely and would take all necessary measures to ensure financial stability after the British pound hit a 31-year low against the US dollar on Friday morningas the markets reacted to the outcome of the vote.

Britain will be the first country to leave the EU since the formation of the bloc but the process could take at least two years.

Article 50 of the 2009 Lisbon Treaty allows a country to start formally withdrawing from the EU. Once Britain has activated this clause, it has two years to negotiate its departure with the remaining members of the bloc.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

EU » Be a reporter: Write and send your article
Tags: UK, Britain, Referendum, leave, Remain, EU

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria