The United Kingdom decided to leave the European Union in a landmark vote conducted June 23. Despite last minute appeals to remain from leaders in the UK, Europe, and elsewhere around the world, British citizens voted 51.9 % to 48.1% in favor of “Brexit,” as leaving the EU became known. In the wake of the vote, British Prime Minister David Cameron announced his resignation, which will take effect in October.
While it will take at least two years for the UK to formally leave the EU, consequences of the Brexit vote were felt immediately in financial markets, and the tech community can expect to face considerable challenges in the months and years ahead.
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