The UK’s EU referendum: All you need to know

By June 27, 2016Bitcoin Business

This article is designed to be an easy-to-understand guide now that the UK has voted to leave the European Union. What has happened?

A referendum – a vote in which everyone (or nearly everyone) of voting age can take part – was held on Thursday 23 June, to decide whether the UK should leave or remain in the European Union.

Leave won by 52% to 48%.

The referendum turnout was 71.8%, with more than 30 million people voting. It was the highest turnout in a UK-wide vote since the 1992 general election. Find the result in your area

What was the breakdown across the UK?

England voted strongly for Brexit, by 53.4% to 46.6%, as did Wales, with Leave getting 52.5% of the vote and Remain 47.5%.

Scotland and Northern Ireland both backed staying in the EU. Scotland backed Remain by 62% to 38%, while 55.8% in Northern Ireland voted Remain and 44.2% Leave. What is the European Union? The European Union – often known as the EU – is an economic and political partnership involving 28 European countries (click here if you want to see the full list) . It began after World War Two to foster economic co-operation, with the idea that countries which trade together are more likely to avoid going to war with each other.

It has since grown to become a "single market" allowing goods and people to move around, basically as if the member states were one country.It has its own currency, the euro, which is used by 19 of the member countries, its own parliament and it now sets rules in a wide range of areas – including on the environment, transport, consumer rights and even things such as mobile phone charges. Click here for a beginners’ guide to how the EU works. What does Brexit […]

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