Britain's vote to leave EU passes with ~51.8%

http://www.telegraph.co.uk/news/2016/06/...-to-leave/

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

David Cameron has resigned as Prime Minister.

While England voted overwhelmingly for Brexit, Scotland and Northern Ireland backed Remain. Statements are expected to be made by Sinn Fein and the SNP later today calling for a breakaway from the Union. London backed Remain but the turnout was lower than expected because of bad weather.

The pound crashed to the lowest level since 1985 as sterling fell below $1.35. Complacency about a Brexit outcome will come clear this morning, as out of hours trading suggests that the FTSE 100 will drop by 8.8pc, or by some 560 points. The fall would be the third worst in history if stocks ended the day down as sharply.

Much bigger list of information at http://www.bbc.com/news/uk-politics-32810887

A couple things that caught my eye in the second article.

How long will it take for Britain to leave the EU?

This was a question asked by many people. The minimum period after a vote to leave will be two years. During that time Britain will continue to abide by EU treaties and laws, but not take part in any decision-making, as it negotiated a withdrawal agreement and the terms of its relationship with the now 27 nation bloc. In practice it may take longer than two years, depending on how the negotiations go.
Could MPs block an EU exit?

Michael, from East Sussex asks an intriguing question - could the necessary legislation pass the Commons if all SNP and Lib Dems, nearly all Labour and many Conservative MPs were in favour of staying?

The answer is that technically MPs could block an EU exit - but it would be seen as political suicide to go against the will of the people as expressed in a referendum.

The referendum result is not legally binding - Parliament still has to pass the laws that will get Britain out of the 28 nation bloc, starting with the repeal of the 1972 European Communities Act.

The withdrawal agreement also has to be ratified by Parliament - the House of Lords and/or the Commons could vote against ratification, according to a House of Commons library report.

It adds: "If the Commons resolves against ratification, the treaty can still be ratified if the Government lays a statement explaining why the treaty should nonetheless be ratified and the House of Commons does not resolve against ratification a second time within 21 days (this process can be repeated ad infinitum)."

In practice, Conservative MPs who voted to remain in the EU would be whipped to vote with the government. Any who defied the whip would have to face the wrath of voters at the next general election.

One scenario that could see the referendum result overturned, is if MPs forced a general election and a party campaigned on a promise to keep Britain in the EU, got elected and then claimed that the election mandate topped the referendum one.

Two-thirds of MPs would have to vote for a general election to be held before the next scheduled one in 2020.

(note, questions answered in the second article become more and more mundane the further it goes on, I wouldn't read all of it unless you are really just interested)