EU Referendum results raise concern amongst students
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Emotions are mixed around the UK this morning after waking up to the historic news that the country will embark on a new and uncertain future. The referendum on whether the UK should leave or remain in the EU saw over 33 million people vote in what is the largest turnout since 1992, with 72.2% of people casting their vote. England voted strongly to leave, by 53.4% to 46.6%, as did Wales, with leave getting 52.5% of the vote and remain 47.5%. Scotland and Northern Ireland however backed to stay in the EU. Scotland backed Remain by 62% to 38%, while 55.8% in Northern Ireland voted to remain and 44.2% to leave. Yet this wasn’t enough to continue the UK’s 40-year relationship with the European Union. Shortly following the outcome, Prime Minister David Cameron announced he would step down as leader in October. “I don’t think it will be right for me to try and be the captain that steers this country to its next direction”. David Cameron has assured the public that there will be no immediate changes in the coming weeks and months. Yet the City of London is in panic as stocks and shares have plunged following the results. The FTSE 100 index began the day by falling more than 8%, then regained some ground to stand nearly 4% lower. Banks were hit hard, with Barclays and RBS falling about 30%, although they later pared losses to below 20%.
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I can't believe what I've just woken up to. I'm in shock. This is 100 steps backwards and I like like weeping for the stupidity of it.— Michael J. Hollows (@MikeHollows) June 24, 2016