UK voted to leave: What happens now?

Britain has voted to leave the European Union, with the Leave campaign securing around 51.8 per cent of the vote.

The UK has been a member of the European Union (and its precursors) since 1973, and the British government now faces the gargantuan task of unraveling decades of legislation, treaties and deals between the UK and the EU, the single biggest market in the world.

The EU referendum vote itself is not a legal notification. The formal announcement to the EU is expected to happen at a meeting of the European Council (the EU’s heads of government) on Monday, June 27.

Once that happens, it will trigger Article 50 of the 1973 Treaty of Rome, which gives both sides two years to reach an agreement.

However, because the UK is so intricately entwined with the EU, Continue reading

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