Scottish leader Nicola Sturgeon says Scotland to prepare for a new referendum to break from Britain in wake of #brexit #voaalert
— Luis Ramirez (@LuisVOA) 24.6.2016
Before speaking at his golf course in Scotland, Donald Trump, the presumptive Republican nominee for U.S. president, issued a statement calling Brexit a vote to "reassert control over their own politics, borders and economy."
Answers to some common questions about what is happening after the Brexit vote:-
How long will it take to leave the EU?
Once Article 50 is triggered, which formally notifies the intention to withdraw, a two-year clock starts running. During that period, Britain will continue to abide by EU treaties and laws -but it will not take part in any decision making.
What will happen during that time?
The UK would begin negotiating out the terms of its departure. The biggest issues include such things as what financial regulations would still apply to the City of London, trade tariffs and movement rights of EU citizens and UK nationals. The agreement would have to be ratified both by the European council and the EU parliament.
What is the likely impact of Brexit on the EU?
Some believe Britain quitting its membership could encourage other nations to follow suit with referendums of their own.