Saturday 25 June 2016

Brexit

On Thursday last week the UK voted to leave the European Union, shocking the world and revealing a divided country. 51.9% of the votes believed that Britain would be better without the European Union. The high Brexit votes in the North of England were the first sign of things to come in the EU referendum - and 58 per cent of the North East backed leaving the EU. Statistics also revealed that 73% of 18-24 year old voters wanted to remain but following the defeat for the remain campaign the current Prime Minister David Cameron resigned. A new PM will be appointed in the coming months to lead the UK through their EU exit over the next couple of years but markets and currency tumbled over the uncertainty of what lies ahead for businesses & individuals.