SD AMONG BREXIT LOSERS

MBABANE – Britain has voted to leave the European Union (U), in an historic referendum that has thrown Westminster politics into disarray and sent the British Pound tumbling in the world markets.

In a closely-fought contest, the ‘Leave EU’ camp passed the winning mark of 16 757 766, with eight of the 382 voting areas still to declare, heading for an overall majority of 52 per cent to 48 per cent.

UK Independence Party (UKIP) leader Nigel Farage declared that June 23 should ‘go down in history as our independence day’ while Vote Leave’s chair, the Labour MP Gisela Stuart, said it was ‘our opportunity to take back control of a whole area of democratic decisions’.
The decision to leave the EU has been dubbed ‘Brexit,’ a combination of the words Britain and Exit.

The Pound Sterling suffered one of its biggest plunges in the overnight markets, hitting lows last seen in 1985 and losing more than 10 per cent against the United States Dollar, as traders responded with panic to the prospect of the UK quitting the EU after 43 years.

With Prime Minister David Cameron expected to address the nation from Downing Street before financial markets opened, Labour said he should ‘seriously consider his position’, while Farage said he should resign immediately after voters rejected his passionately-expressed advice to stay in the EU.
Cameron later spoke, stating that he was resigning and would be leaving office by September 2016.

The Associated Press (AP) reported that Britons were only now absorbing the overwhelming realisation that their anti-establishment vote had pushed the British economy into treacherous and uncertain territory.
The decision to leave the EU has also sparked a profound crisis for the EU,  a bloc founded to unify Europe after the devastation of World War II.

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