Source: News Bharati English24 Jun 2016 13:48:51

London, June 24: As the majority people of Britain voted for leaving out of the European Union, United Kingdom will not be part of EU. The Electoral Commission declared the official result of the referendum on the UK’s membership of the European Union. While 48.1% people cast their votes in the favour of ‘REMAIN’, 51.9% of people voted in the favour of ‘Leave’. Therefore, the majority of British people which accounted for 17,410,742 citizens chose to leave the European Union which consists of group of 28 countries of the Europe. The people who voted in the favour counted 16,141,241.
The Chief counting officer for the EU referendum, Jenny Watson who is also the chair of the electoral commission has declared the official result of the referendum on the UK’s membership of the EU which is popularly named as Brexit. The total number of ballot papers counted was 33,577,342 out of which 25,359 ballot papers will rejected due to various reasons.

Embeded Object

“I would like to thank everyone involved in the planning, preparation and running of this referendum. I’d like to thank all of the 382 Counting Officers, the Regional counting officers, electoral registration officers and all of the thousands of election staff across the UK and Gibraltar who have worked tirelessly over the last few months to deliver a referendum that voters can be confident in.” said Jenny Watson.

British PM David Cameroon who supported to remain in the EU and campaigned to be a member of the Union welcomed the decision of British citizens. He also said that negotiation with EU will need to begin under a new PM and pointed for stepping out of his PM position till October.

The Britain exit had a great impact on Indian economy. Sensex lost 1000 points while gold prices increased by 1200 rupees to hit 22-month high of 30,875 per ten gram in the national capital.    

Former RBI governor Raghuram Rajan expressed his views on the result. “It looks increasingly clear that the United Kingdom has voted to exit the European Union. Markets are trying to factor the consequences of this development and this has already led to sharp corrections in financial markets around the world”, he said. “The Indian economy has good fundamentals, low short term external debt, and sizeable foreign exchange reserves. These should stand the country in good stead in the days to come”, he added.