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Friday, June 24

BREXIT FIRST 100 DAYS: What to expect now that Britain has voted to LEAVE the EU

AFTER yesterday's referendum, here is a look at what will happen immediately following the historic vote for Britain to leave the EU.
PUBLISHED: 06:00, Fri, Jun 24, 2016 | UPDATED: 06:29, Fri, Jun 24, 2016
Express (U.K.)

Brexit: What to expect on the first day

The count for the EU referendum took place at polling stations across the country.

Local and regional results came in overnight ahead of a national declaration.

After Britons voted to leave the EU, huge celebrations among Brexit campaigners and Eurosceptics across Britain are being prepared.

Anti-EU politicians throughout Europe are also welcoming Brexit and look to seize on the result in order to further their own causes and pushes for independence.

U leaders will immediately be forced into damage control and are likely to issue a response in a bid to defend the integrity of the European bloc.

Mr Tusk told German newspaper Bild that Europe’s “external enemies will open a bottle of champagne” to celebrate a Brexit, adding: “We should do everything to spoil that party.”

A Brexit result has sent shockwaves through the global economy and is likely to lead to a further drop in the value of the pound. Britain’s currency had already weakened ahead of the referendum.

But Ukip leader Nigel Farage had earlier said: “Even if sterling were to fall a few percentage points after Brexit, so what? The point is we have a floating currency and it will be good for exports."

Straight after the EU referendum, eurozone finance ministers could hold emergency meeting as they did in response to the debt crisis and snap referendum in Greece last year.

Brexit: What to expect in the first week

After a vote for Brexit, there will be calls for Prime Minister David Cameron to step down because he will have lost his Project Fear campaign to stay in the EU.

Amid rumours of a plot to oust Mr Cameron, senior Tory MP Andrew Bridgen said: “If the country votes to leave the EU, he should – and probably will – choose to resign.”

However, many Eurosceptic MPs, including Michael Gove and Boris Johnson, had called on the PM to remain in the post regardless of the result.

The leaders of EU member states, meanwhile, are scheduled to meet for a summit of the European Council on Tuesday June 28 and Wednesday June 29.

The agenda for the meeting notes: “The leaders will discuss the results of the UK in/out referendum from 23 June 2016.”

At this summit, Britain could trigger the EU’s Article 50 - the law that would start the process of the country’s political divorce from the EU.

This step would in effect start the timer on the two year-period that Britain would be given to negotiate its exit of the EU before the end of June 2018.

Eurosceptic cabinet minister Chris Grayling says that the Article 50 should not be immediately activated, but Britain should aim to quit the EU in 2019.

The EU’s leaders could also call an emergency summit after a Brexit vote, while Spanish citizens are due to go to the polls in a general election on Sunday June 26.

Brexit: What to expect in the first 100 days

In the aftermath of a Brexit result, Britain would start lengthy talks to renegotiate EU agreements and build new trade links with Europe and the rest of the world.

There are concerns these negotiations could be made more difficult because EU bosses would want to discourage other countries from following suit by also leaving the EU.

As well as facing tough talks over Britain’s place in Europe and the rest of the world, the country could also face the prospect of another Scottish referendum.

Former First Minister and SNP leader Alex Salmond said: “Should Brexit succeed, Cameron would embark on a two-year negotiated exit, creating a time frame for a new referendum on Scottish independence.”

Anti-EU populist parties would seek to ride on the momentum from Brexit ahead of key elections in France, the Netherlands and Germany in 2017.

If Mr Cameron does step down after the EU referendum, bookmakers have ranked Eurosceptic Tory MP Boris Johnson as the favourite for the next Conservative leader.


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