Britain has voted to leave the European Union, with the Leave campaign securing around 51.8 per cent of the vote.
David Cameron has resigned as Prime Minister in an emotional speech outside 10 Downing Street. Brexit could prove to be the biggest blow yet. It sends shockwaves far beyond British borders,
While England voted overwhelmingly for Brexit, Scotland and Northern Ireland backed Remain. Statements are expected to be made by Sinn Fein and the SNP later today calling for a breakaway from the Union. London backed Remain but the turnout was lower than expected because of bad weather.
The pound crashed to the lowest level since 1985 as sterling fell below $1.35. Complacency about a Brexit outcome will come clear this morning, as out of hours trading suggests that the FTSE 100 will drop by 8.8pc, or by some 560 points. The fall would be the third worst in history if stocks ended the day down as sharply.
This is the worst in the EU history, and the mood in Brussels this morning is deeply gloomy.
Across Europe leading Eurosceptic politicians queued up on Friday morning to crow about the UK referendum result. “Victory for freedom” from a twitter acc, She has called for a vote on EU membership in France. There are similar voices in Italy, the Netherlands and beyond.