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Breaking Brexit: The UK votes to leave the EU

BOLTON, ENGLAND - MAY 25: A Vote to Leave campaigner holds a placard as Leader of the United Kingdom Independence Party (UKIP), Nigel Farage campaigns for votes to leave the European Union in the referendum on May 25, 2016 in Bolton, England. Nigel Farage took his battle bus to Bolton encouraging British people to vote to leave the EU on 23rd June 2016. (Photo by Christopher Furlong/Getty Images)
BOLTON, ENGLAND - MAY 25: A Vote to Leave campaigner holds a placard as Leader of the United Kingdom Independence Party (UKIP), Nigel Farage campaigns for votes to leave the European Union in the referendum on May 25, 2016 in Bolton, England. Nigel Farage took his battle bus to Bolton encouraging British people to vote to leave the EU on 23rd June 2016. (Photo by Christopher Furlong/Getty Images)
By Matt Picht
June 24, 2016

Voters in the U.K. have decided to leave the European Union.

The result won't immediately eject the U.K. from the EU; there's still a lot of paperwork left before that happens. But it does represent a massive shakeup within the U.K. and around the world.

Voters were asked if they wanted to leave or remain inside the EU. "Leave" campaigners argued exiting the bloc would give the U.K. more autonomy to set its own laws, while "remain" supporters warned leaving would trigger an economic and political catastrophe.

Leave campaigners argued EU membership cost the U.K. too much money and autonomy and delivered too little. The campaign managed to close a sizable gap with the remain camp in the polls, which had the two sides neck-and-neck on voting day.

Now that the U.K. has voted for the door, the country has two years to negotiate the terms of its departure with other EU nations. Those discussions will probably involve renegotiating trade, military and immigration relationships between the U.K. and Europe.

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Matt Picht

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