Sunday, July 21, 2024

The British people vote to leave the EU, their currency collapses to levels last seen in 1985



The British people have voted to leave the European Union after a historic referendum in which they rejected the advice of the main Political leaders and instead took a plunge into the political unknown, sending the value of the pound into a wild swing, recording to a 9% drop and hitting its lowest level against some foreign currencies since 1985.

Labour’s Shadow chancellor John McDonnell said the Bank of England may have to intervene to shore up the pound, which lost 3% within moments of the first result showing a strong result for Leave in Sunderland and fell as much as 6.5% against the euro.

The decision in favour of Leaving the EU, following a bitterly close electoral race, represents the biggest shock to the political establishment in Britain and across Europe for decades, and will threaten the leaderships of both the prime minister, David Cameron, and the Labour leader, Jeremy Corbyn

The result will now trigger a process of British withdrawal from the European Union and quite possibly another referendum for an independent Scotland.

London and Scotland voted strongly to stay in the EU but the remain vote has been undermined by poor results in the north of England.

Voters in Wales and the English shires have backed Leaving the EU in large numbers.

The referendum turnout was 71.8% – with more than 30 million people voting – the highest turnout since 1992.


  1. Me as a foreigner in the diaspora, I am happy for them because immigrations from this others became uncontrollable.Even a kasmall job became difficult t get.

    • My reasons to vote ‘Leave’ were as follows:
      1). If you are from a commonwealth country like myself, we are not allowed to have access to public funds (No recourse) but anyone from the EU regardless of qualifications or employment status were immediately allowed to access benefits (e.g. Student finance) without contributing anything for example paying taxes.
      2).There have been a lot of pressure on public services like schools, health services including accommodation.

      **In a few days, the pound will bounce back.

    • That’s why Barotseland should leave the failed experiment called Zambia. A country that chooses Satan and Chakolwa to be Presidents is not worth fighting over. Zambia is a failed state.

    • Instead of blaming Europeans for taking care of themselves, try and get Chakolwa to start taking care of Zambians instead of his pockets. The reason why there are so many immigrants, illegal and economic, in Europe is because leaders like Chakolwa are so selfish. Their citizens are voting with their feet, risking lives to escape from banana republics masquerading as countries.

    • Is it the fault of immigrants that jobs are harder to find, or the fault of employers who favour cheap import labour over their own people? Personally I don’t see immigrants as invaders, I see them as reinforcements!

  2. HAHA! @Former Man u fan – you might be thrown out with the bath water! Be careful what you wish for mate!

    • Oh – forgot to mention to you @Former Man u fan, that for slightly different reasons, I have been a Brexit supporter anyway. Feel good.

  3. This is the beginning of the fall of the EU as more countries who dont understand why they are in the EU will follow the example by UK. The lesson learnt is that Cartels dont last but God raises the truthful and humble. This is what I see happening in Zambia, the bitter, jealous and haters and the cartel against President Lungu will fall yet again and this time heavily.

  4. 30 million votes were counted and results were declared within 8 hrs. Why does it take Zambians 3 to 4 days to count 4 million votes? Something is wrong with Zambian mathematics. Counting is done at same speed in rural and urban areas but we always give lame excuses just to allow manipulation of figures. We have phones in all rural areas of Zambia so there is no need of failure to communicate final results 24 hrs after closing the polls.

    • Voting in UK is electronic (meaning results are tabulated electronically); whereas here in Zambia all voting processes are done MANUALLY.

    • Not where I am. It was paper and pencil, as I think it is everywhere in the UK. I’m against electronic voting as it is open to hacking, but maybe postal votes or electronic votes would make sense in rural Zambia..

  5. Their little Ayrian club is breaking apart and back firing…Zambia should cease opportunity and put its foot in a future market has just opened up for agric produce as alot of trade deals will be renegotiated about 53 of them.

  6. Congratulation to the British people,now with your vote you will see what real sufferings mean,wait and see.

  7. Hard times ahead for the Brits…currency plummets and 100 Billion pounds wiped off the FTSE100 moments after, Scotland and others may opt for independence since they voted to stay! Following this one keenly. This is the more reason to vote wisely in August as things could move from bad to worse!

  8. I voted remain, but it’s not all bad: we’re rid of Cameron (although doubtless some chinless wonder Bullingdon boy will pop up to replace him), TTIP looks doubtful (although we might have an even worse deal negotiated by coke-addled “financial genius” George Osbourne), exports will benefit from a weaker pound so we might go back to actually making stuff again after Thatcherism and watered-down Thatcherism savaged our manufacturing industries…

    But here is the important thing: the referendum is the most democratic thing we have done for ages, and the result is truly the will of the people (unlike our FPTP general elections), and as I am pro-democracy to my dying breath, I am willing to accept our collective decision and work with it to the best of my ability.

    • sometimes populism is not it is all cracked up to be. At times leaders should LEAD and not listen to all the whims and illogical rantings of an uninformed electorate

    • Jessica, I can’t speak for the whole of the UK, but the problem for me has been that our leaders haven’t listened enough. The “uninformed electorate” you mention presumably includes the two million people who marched in London in protest to the 2003 invasion of Iraq that Tony Blair orchestrated by lying Parliament, resulting in the deaths of nearly one million people who were no direct threat to the UK.

  9. The British are racists. They invade other countries but now they want to protect their own. They are no longer a super power and they make nothing except royal trinkets. The new world economic order does not need Britain. All Britain needs now is a trump president. All those that voted to leave shot the bullet that killed Jo Cox. Because intrinsically, they do not want black or brown people in their country. They welcome eastern Europeans with open arms but the darker skins were too much for them. Shame on Britain. Now let us watch them suffer with higher prices and let them know that Britainnia no longer rule the world. racists!

    • @ Jessica, just said it all i jhave been struggling to construct….except one word you left out…British people are xenophobic all the time, they just hide through forced smiles all the way…hear them talk in a closet alone, you will know what I mean…

    • I think most nations think of their own people first, and I don’t think that’s all bad. If anything I think in some ways we don’t think of our own people enough, at least not in an intelligent way. For example the War on Disabled People that began under Blair and has continued ever since took away a safety net that we should have been proud of and should have fought harder to protect. Employers also do not always put British people first, as can be seen in the miners strike in the 80s and the way industry has been rubbished ever since, because Thatcher and to some extent Blair thought better of the global money laundering operation that is the City of London, and the heavily subsidized (700m / year) defence industry that spreads misery worldwide.

      But it’s true we are a fading power…

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