Brexit: David Cameron lost biggest gamble of his life after Britain exit from EU. Cameron announced his resignation after Britain voted to leave the European Union. Voters have voted in favor of Britain exit from European Union means in coming months British and European leaders will begin negotiating the terms and conditions of Britain’s exit. In the referendum 52% British voted in the favor of Brexit while 48% voted against.
It was an unexpected victory of Brexit from EU which everyone was expected to be in the favor of remain in EU. After Brexit Britain currency pound tanks all time worst in a single day. Experts are saying that Britain exit will affect the British economy, immigration policy and lots of other things. Now in coming few months there will be important changes we can expect. In 2014, due to increased pressure from the populist, Cameron promised to hold a referendum on leaving the European Union if his conservative party will win the 2015 election. In 2015, conservative party gets a big victory in the parliamentary election and Cameron kept his promise. Prime minister David Cameron was not in the favor of Brexit and he campaigned for a “Remain”vote.
Can we see recession in Britain after Brexit? Very unpredictable, how the relationship between Europe and Britain will be maintained? After referendum British pound tanked all time in the history of British economy. Experts are saying after falling Cameron government the negotiation with Europe will weakened. UK needs to discourage other countries to exit from European Union after hard bargain. Businesses based in Britain main face some criticality in near future. Experts saying that British economic effects could be big. Estimated British economy by UK government to be in between 3.8 and 7.5 percent smaller by 2030.
Voted in Favor: 51.9% Voted Against: 48.1%
Remain in EU: 46.8% Leave From EU: 53.2%
Remain in EU: 62% Leave From EU: 38%
Remain in EU: 48.3% Leave From EU: 51.7%
Remain in EU: 55.7% Leave From EU: 44.3%
Source By: Telegraph.co.uk