EU Referendum

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:00:00. > :00:12.time for the news where you are. Goodbye.

:00:13. > :00:18.Hello and good afternoon from Westminster.

:00:19. > :00:26.Britain has voted to end its membership of the European Union.

:00:27. > :00:40.52% chose to leave the EU, with 48% voting to stay.

:00:41. > :00:42.David Cameron has met the Queen at Buckingham Palace

:00:43. > :00:43.after announcing his intention to resign.

:00:44. > :00:46.He said he'd stay in Number Ten for the next few months

:00:47. > :00:48.but that the country required fresh leadership.

:00:49. > :00:50.Boris Johnson, who campaigned for the Leave vote,

:00:51. > :00:53.stressed that the UK was no less united or less European; but now it

:00:54. > :00:56.had what he said was a "glorious opportunity" to pass its own laws,

:00:57. > :01:02.and find its voice in the world again.

:01:03. > :01:04.Financial markets around the world have been rocked

:01:05. > :01:11.In London, the FTSE fell by more than eight per cent when it opened,

:01:12. > :01:13.the pound hit a 30-year low overnight and Thomas Cook has

:01:14. > :01:17.suspended online currency sales after what it described

:01:18. > :01:30.We will be talking about this all afternoon here on BBC News. Let's

:01:31. > :01:35.take a look first at the final result, which shows the Leave

:01:36. > :01:37.campaign secured its victory by a margin of more than 1 million votes

:01:38. > :01:46.will In total, 17.4 million people voted

:01:47. > :01:49.for the UK to leave the EU. That compares with the 16.1 million

:01:50. > :01:51.voters who backed remain. More than 72% of eligible

:01:52. > :01:53.voters took part. In England more than

:01:54. > :01:57.15 million people voted for the UK to leave

:01:58. > :02:00.the European Union, In Scotland every voting area came

:02:01. > :02:16.out in favour of remain, In Wales, leave won over 52 per cent

:02:17. > :02:30.of the vote and secured the most votes in all but five

:02:31. > :02:33.of the twenty-two counting areas. In Northern Ireland,

:02:34. > :02:35.which shares a land border of voters choosing to remain

:02:36. > :02:52.in the EU Speaking outside number ten this

:02:53. > :02:55.morning, the Prime Minister said it was clear he could no longer lead

:02:56. > :03:00.the United Kingdom: I think the country requires fresh

:03:01. > :03:04.leadership to take it in this direction, I will do everything I

:03:05. > :03:08.can as Prime Minister to steady the ship over the next weeks and months

:03:09. > :03:11.but I do not think it would be right for me to try to be the captain

:03:12. > :03:16.which steers the country to the next destination. This is not a decision

:03:17. > :03:20.I have taken lightly but I believe it is in the national interest to

:03:21. > :03:25.have a period of stability and then the new leadership required. There

:03:26. > :03:29.is no need for a precise timetable today, but in my view we should aim

:03:30. > :03:32.to have a new Prime Minister in place by the start of the

:03:33. > :03:35.Conservative Party conference in October. David Cameron outside

:03:36. > :03:40.number ten earlier this morning. One of the politicians who led

:03:41. > :03:44.the campaign to leave, the former Mayor of London Boris

:03:45. > :03:47.Johnson has paid tribute to the Prime Minister as "one

:03:48. > :03:49.of the most extraordinary After securing his momentus win

:03:50. > :03:53.Mr Johnson and other leading figures of the Leave campaign have been

:03:54. > :03:55.seeking to reassure voters. Mr Johnson said people had spoken up

:03:56. > :04:09.for democracy, and Britain was not I believe we now have a glorious

:04:10. > :04:13.opportunity, we can pass our laws and set back taxes entirely

:04:14. > :04:19.according to the needs of the UK economy. We can control our own

:04:20. > :04:24.borders in a way that is not discriminatory but fair and

:04:25. > :04:29.balanced. And we can take the wind out of the sails of the extremists

:04:30. > :04:38.and those who would play politics with immigration.

:04:39. > :04:40.As we've been hearing, the voting patterns have highlighted

:04:41. > :04:45.More than 62% of people in Scotland voted

:04:46. > :04:49.raising the prospect of Scotland being taken out

:04:50. > :04:53.The First Minister of Scotland Nicola Sturgeon said

:04:54. > :04:56.it was a statement of the obvious that the option of a Second

:04:57. > :05:05.When the article 50 process is triggered in three months' time, the

:05:06. > :05:10.UK will be on a two-year path to the exit door. If Parliament judges that

:05:11. > :05:16.a second referendum is the best or only way to protect its place in

:05:17. > :05:20.Europe, it must have the option to hold one within that timescale. That

:05:21. > :05:25.means we must act now to protect that position. I can therefore

:05:26. > :05:30.confirmed today that in order to protect that position, we will begin

:05:31. > :05:34.to prepare the legislation that would be required to enable a new

:05:35. > :05:39.independence referendum to take place, if and when Parliament so

:05:40. > :05:49.decides. Nicola Sturgeon, talking a little bit earlier.

:05:50. > :05:56.Let's discuss an historic day. Peter, I have got to start with you,

:05:57. > :05:59.so many months ago we were discussing your bright tight, you

:06:00. > :06:07.wear it with some delight this morning. -- bright tie. It may be

:06:08. > :06:10.its last outing, we are absolutely delighted, what the people decided,

:06:11. > :06:14.I always thought they would vote to come out and we have, sounds like a

:06:15. > :06:19.lot of celebrations in the background. It is a divided result,

:06:20. > :06:23.what does this say about the state of the UK that Scotland, Northern

:06:24. > :06:28.Ireland and London did not want this result? You could say that about

:06:29. > :06:35.anywhere in any election, I could say England, Wales, and Northern

:06:36. > :06:38.Ireland that vote was very close, but this is a United Kingdom

:06:39. > :06:43.referendum, not a referendum in any one country. Whatever the result,

:06:44. > :06:50.all politicians had agreed to accept it. It will be a bit rich for people

:06:51. > :06:53.afterwards to say, my area does not apply. It was a United Kingdom

:06:54. > :06:57.referendum, if it had gone the other way I would have accepted it, and so

:06:58. > :07:03.would every politician in the country. I agree, London MP, in my

:07:04. > :07:08.constituency voted to remain, that was my position, but the referendum

:07:09. > :07:13.is critical, I have long felt we should have a referendum, I was one

:07:14. > :07:19.of the 81 so-called rebels five years ago, I said that we needed to

:07:20. > :07:22.get this resolved once and for all. The people have now spoken. The idea

:07:23. > :07:28.that we can unravel that, nothing could be further than the truth --

:07:29. > :07:32.further from the truth. Boris Johnson has made a recognition that

:07:33. > :07:37.there is unfinished business. With European neighbours. We want to have

:07:38. > :07:42.a good relationship of respect and trade, in relation to cooperation

:07:43. > :07:47.and migration. What you have touched upon, it is a divided Kingdom, it

:07:48. > :07:52.was a close run thing, a decisive result came into play. I am

:07:53. > :07:57.concerned about what happens in Scotland, and very concerned about

:07:58. > :08:00.Ireland, in many ways, as we know, when there is discord and division

:08:01. > :08:05.in Ireland, it can lead to violence, if we are to make good the claim

:08:06. > :08:09.that we are going to take control of our borders, that means closing the

:08:10. > :08:15.border between the north and the South, that will have implications.

:08:16. > :08:19.Do you think that will happen? We have made several trips to Northern

:08:20. > :08:27.Ireland, we will carry on with that result. There will be a close

:08:28. > :08:30.relationship. What will always happen is the cooperation between

:08:31. > :08:35.the two countries, if there are people breaking the law and coming

:08:36. > :08:37.in that will be dealt with by intelligent and cross-border

:08:38. > :08:44.co-operation. How do we know there will not be a closed border? This

:08:45. > :08:48.has to be discussed. No one is suggesting there will be a closed

:08:49. > :08:52.border, I did not find anyone in Northern Ireland who wanted that. I

:08:53. > :08:57.know that people do not want it but if you are going to make true this

:08:58. > :09:01.idea of taking back migration, it becomes a weakness for the whole of

:09:02. > :09:06.the UK if you can walk across from an EU state into a non-EU states. It

:09:07. > :09:11.will be illegal for people to come from the EU across, and though it is

:09:12. > :09:16.legal to do it at the moment there is not massive migration through

:09:17. > :09:20.that route. That is a red herring. It is a weak link. What about

:09:21. > :09:23.Scotland, you heard it from Nicola Sturgeon, as a nation we could be

:09:24. > :09:29.going into a second Scottish referendum. There is two things, we

:09:30. > :09:32.campaigned in Scotland and there was a substantial leave vote, you not

:09:33. > :09:37.think that everybody in Scotland voted to come out, that is

:09:38. > :09:40.completely untrue. The thing about the referendum, if you ask Nicola

:09:41. > :09:44.Sturgeon now, would you have a referendum tomorrow on Scottish

:09:45. > :09:49.independence, she would say no, she knows she would lose again. That is

:09:50. > :09:53.a lot of hot air. One of the other point, it is quite stark, the

:09:54. > :09:58.contrast between metropolitan Britain, particularly around London,

:09:59. > :10:03.university cities, Oxford, Cambridge, Exeter, and the rest of

:10:04. > :10:07.Britain. We are going to have to address that. One thing I would like

:10:08. > :10:10.to say for some of your listeners, viewers, who may be worried with

:10:11. > :10:15.what they have seen in relation to David Cameron stepping down, I think

:10:16. > :10:20.Peter will agree, we have treated each other in a respectful way

:10:21. > :10:22.during this, good-humoured debates have taken place within the

:10:23. > :10:25.Conservative Party but also recognition for all of us as

:10:26. > :10:30.Conservatives that we have a country to govern, whoever may be leading

:10:31. > :10:33.that, we, as part and parcel of that Conservative grouping, we'll do our

:10:34. > :10:38.level best to make sure that all issues are dealt with, not justice,

:10:39. > :10:41.we hopefully represent the whole nation for this way in the years to

:10:42. > :10:45.come. There will be plenty to discuss around that. There is many

:10:46. > :10:51.days where we will be sitting here discussing that.

:10:52. > :10:55.As the result became clear the pound plunged,

:10:56. > :10:58.it's the biggest one day drop in 30 years,

:10:59. > :10:59.it fell to levels not seen since 1985.

:11:00. > :11:03.The governor of the Bank of England, Mark Carney, has sought to reassure

:11:04. > :11:11.financial markets and he said the Bank was "well prepared".

:11:12. > :11:22.Let's get the latest from the city, Ben Thompson is there, with more on

:11:23. > :11:26.that. We talk about volatility a lot but we have seen plenty of it today,

:11:27. > :11:30.this is what is happening on European market, this is the current

:11:31. > :11:34.state of play across Europe, you can see the FTSE 100 is down 3.5%, the

:11:35. > :11:40.losses on mainland Europe are significantly worse. In the next 35

:11:41. > :11:43.minutes, New York, US markets will open, this is what we expect, a

:11:44. > :11:47.similar fall on the Dow Jones, the SNP and the Nasdaq. Figures

:11:48. > :11:52.suggesting markets could fall when they open following the lead that we

:11:53. > :11:56.have seen in Europe but also Asia. One line of breaking copy we are

:11:57. > :12:01.getting through to us in the city, news from Morgan Stanley, the

:12:02. > :12:06.investment bank, it expects to move, and already has started the process,

:12:07. > :12:11.of moving 2000 of its London based jobs, it will move them to Dublin or

:12:12. > :12:16.to Frankfurt. Clearly a lot of the big banks have contingency plans in

:12:17. > :12:19.place, if the UK indeed voted to leave the European Union. They are

:12:20. > :12:24.enacting them already. They will not wait for Article 50 to be triggered,

:12:25. > :12:32.they are doing it straightaway, those investment banking functions.

:12:33. > :12:36.Let's discuss this in more detail, talking about the market

:12:37. > :12:40.implications. Keith, from Schroders, we see the volatility on the market,

:12:41. > :12:44.33 minutes until New York opens. What does it tell us about what

:12:45. > :12:50.investors think of what they have heard? Investors are risk averse,

:12:51. > :12:53.the uncertainty created means they are questioning everything and of

:12:54. > :12:57.course not just the impact of the UK on the rest of the world economy, it

:12:58. > :13:03.is the idea that this populist vote could spread to other countries, you

:13:04. > :13:07.could see similar changes elsewhere. Europe has been very effective

:13:08. > :13:11.because of other areas which want to have a referendum on Europe, and in

:13:12. > :13:16.the US, the presidential election coming up. This reminds investors

:13:17. > :13:21.that we should not be complacent, that there is a deep feeling about

:13:22. > :13:24.the state of the world economy. When we see the volatility there is a

:13:25. > :13:28.tendency to think it is an jerk, what is actually happening? Are

:13:29. > :13:33.investors trading? Are they sitting back and seeing how it plays out?

:13:34. > :13:37.There is some short-term trading going on, longer term investors like

:13:38. > :13:41.ourselves are generally sitting back, assessing the impact, working

:13:42. > :13:44.out what it would mean for the economy and politics, will we be

:13:45. > :13:48.able to get a trade agreement with the rest of Europe to mark those

:13:49. > :13:53.factors will be important. Where does this leave the UK in the world

:13:54. > :13:57.as far as economies are concerned? Interesting, adding that the FTSE,

:13:58. > :14:01.you can see that some companies have not done too badly because the pound

:14:02. > :14:05.has fallen, the exporters have done well, but the more domestic stocks

:14:06. > :14:09.have been hit quite hard, that is really picking up the effect of

:14:10. > :14:14.growth, weaker growth, that we are likely to see at least for a period

:14:15. > :14:16.before the settlement. Investors are thinking of greenfield investment,

:14:17. > :14:24.property, this will cause them to pause for thought. They will delay.

:14:25. > :14:29.Appreciate that, the Dow Jones expected to open in the next 30

:14:30. > :14:32.minutes, we will keep across that for you, and much more over the

:14:33. > :15:05.course of the afternoon. We will see you soon.

:15:06. > :15:11.A moment of history as the UK votes to leave the on his

:15:12. > :15:18.After more than four decades in the EU, a decisive vote,

:15:19. > :15:23.as more than 17 million people vote to leave.

:15:24. > :15:27.David Cameron says he will now stand down as Prime Minister.

:15:28. > :15:30.I will do everything I can as Prime Minister to steady the ship

:15:31. > :15:35.But I do not think it would be right for me to try to be the captain

:15:36. > :15:38.that steers our country to its next destination.

:15:39. > :15:40.There was jubilation in the Leave camp.

:15:41. > :15:42.UKIP's Nigel Farage called it a "victory for ordinary people,

:15:43. > :15:49.against the big banks, big business and big politics".

:15:50. > :15:52.Nothing will change over the short term, except that work will have

:15:53. > :15:55.to begin on how to give effect to the will of the people

:15:56. > :16:02.and to extracate this country from the supranational system.

:16:03. > :16:05.Dramatic falls for both the pound and the markets following the news,

:16:06. > :16:08.but the Bank of England says it is taking "all necessary steps"

:16:09. > :16:16.And the future of the UK is again on the table,

:16:17. > :16:18.as Scotland's First Minister says a second independence referendum

:16:19. > :16:24.is highly likely, after Scots voted overwhelmingly to remain.

:16:25. > :16:27.It is a significant and material change in circumstances and it is,

:16:28. > :16:29.therefore, a statement of the obvious that the option

:16:30. > :16:46.of a second referendum must be on the table.

:16:47. > :17:00.evil has a clear scalp of the same minister. We will be speaking to

:17:01. > :17:04.political commentators. I am in Brussels,, really shock waves

:17:05. > :17:16.reverberating all alone. What happens now? I am alive in

:17:17. > :17:31.Cambridgeshire, a region with the high Eastern European population.

:17:32. > :17:36.After more than 40 years, Britain has voted to end its membership

:17:37. > :17:41.The vote was decisive. 52% chose to leave the EU.

:17:42. > :17:46.Within hours, David Cameron announced he was standing

:17:47. > :17:53.He said he would stay in Number Ten for the next few months,

:17:54. > :17:55.but that the country required fresh leadership.

:17:56. > :17:58.Boris Johnson, who campaigned for a Leave vote, said the UK now

:17:59. > :18:03.had a "glorious opportunity" to pass its own laws,

:18:04. > :18:08.set its own taxes and find its voice in the world again.

:18:09. > :18:11.We can take a closer look at the final result,

:18:12. > :18:13.which shows that Leave secured its victory by a margin

:18:14. > :18:20.In total, 17.4 million people voted for the UK to leave the EU.

:18:21. > :18:26.That compares with the 16.1 million voters who backed Remain.

:18:27. > :18:31.More than 72% of eligible voters took part.

:18:32. > :18:34.In England, more than 15 million people voted for the UK

:18:35. > :18:43.In Scotland, every voting area came out in favour of Remain.

:18:44. > :18:45.62% of Scottish voters backed Remain, with 38%

:18:46. > :18:54.In Wales, Leave won over 52% of the vote

:18:55. > :19:00.votes in all but five of the 22 counting areas.

:19:01. > :19:02.In Northern Ireland, which shares a land border

:19:03. > :19:04.with the European Union, voters backed Remain,

:19:05. > :19:06.with 55% of voters choosing to remain in the EU,

:19:07. > :19:23.We will have all the reaction from Westminster, the City

:19:24. > :19:27.and from Europe, but first, our political correspondent

:19:28. > :19:33.Carole Walker reports on dramatic events so far.

:19:34. > :19:36.The people have voted for a new destiny for Britain.

:19:37. > :19:51.This means that the UK has voted to leave the European Union.

:19:52. > :19:54.A decision a few predicted at the start of this campaign.

:19:55. > :19:56.A decision which has forced the Prime Minister out of office.

:19:57. > :19:59.There was no hiding the emotion of David Cameron, with his

:20:00. > :20:00.wife Samantha, emerged in Downing Street.

:20:01. > :20:03.The British people have voted to leave the European Union

:20:04. > :20:08.He had fought and lost the battle to persuade

:20:09. > :20:10.the country to stay in the European Union.

:20:11. > :20:13.I fought this campaign in the only way I know how,

:20:14. > :20:15.which is to say directly and passionately what I think and feel,

:20:16. > :20:20.head, heart and soul. I held nothing back.

:20:21. > :20:25.But the British people have made a very clear decision to take a

:20:26. > :20:28.different path and as such I think the country requires fresh

:20:29. > :20:32.leadership to take it in this direction.

:20:33. > :20:35.I will do everything I can as Prime Minister to steady

:20:36. > :20:39.the ship over the coming weeks and months, but I do not

:20:40. > :20:45.think it would be right for me to try to be

:20:46. > :20:48.the captain that steers our country to its next destination.

:20:49. > :20:50.From the moment the results started coming in just after midnight,

:20:51. > :21:00.The total number of votes cast in favour of Leave was 82,000...

:21:01. > :21:03.By the end of the night, Leave had won a clean sweep across

:21:04. > :21:07.the North of England, the Midlands, the East and West of England.

:21:08. > :21:08.London was the only region of England to

:21:09. > :21:14.support remaining a member of the EU.

:21:15. > :21:16.The results in Flintshire reflected the outcome across Wales,

:21:17. > :21:23.But Northern Ireland voted to remain in the EU.

:21:24. > :21:26.Sinn Fein said it intensifies the case for a vote

:21:27. > :21:32.on whether Northern Ireland should leave the United Kingdom.

:21:33. > :21:34.And Scotland, as expected, voted by a clear majority

:21:35. > :21:47.Scotland's First Minister said it was democratically

:21:48. > :21:50.to be taken out of EU against its will.

:21:51. > :21:51.Scotland does now face that prospect.

:21:52. > :21:54.It is a significant and material change in circumstances and

:21:55. > :21:57.it is therefore a statement of the obvious that the option of a second

:21:58. > :22:01.referendum must be on the table, and it is on the table.

:22:02. > :22:04.But at Westminster, jubilate Leave campaigners have been celebrating.

:22:05. > :22:09.Nigel Farage said he was thrilled that the country had decided to

:22:10. > :22:11.break free from what he called a failing,

:22:12. > :22:16.17 million people have said we must leave the European Union.

:22:17. > :22:18.We now need a Brexit government, a government that gets

:22:19. > :22:21.on with the job, a government that begins the renegotiation of our

:22:22. > :22:30.Boris Johnson struggled through the throng at his

:22:31. > :22:32.home, then paid tribute to the Prime Minister

:22:33. > :22:38.for his bravery in giving the British people per se.

:22:39. > :22:40.I believe we now have a glorious opportunity.

:22:41. > :22:43.We can pass our laws and set our taxes

:22:44. > :22:48.entirely according to the needs of the UK economy.

:22:49. > :22:50.We can control our own borders in a way

:22:51. > :22:55.that is not discriminatory, but fair and balanced,

:22:56. > :22:58.and take the wind out of the sails of the extremists and

:22:59. > :23:03.those who would play politics with immigration.

:23:04. > :23:08.But in the City, shares plunged and the pound fell

:23:09. > :23:11.dramatically despite all the attempts at reassurance from

:23:12. > :23:13.political leaders and the Bank of England, which promised to take

:23:14. > :23:17.whatever measures were necessary, to support the economy.

:23:18. > :23:20.And there are now questions over the future of the

:23:21. > :23:22.Labour leader, who has been blamed for a lacklustre campaign to remain

:23:23. > :23:28.in the EU, which failed to convince many Labour supporters.

:23:29. > :23:32.Clearly, there are some very difficult days ahead.

:23:33. > :23:34.The value of the pound has already fallen and there will,

:23:35. > :23:39.therefore, be job consequences as a result of this decision.

:23:40. > :23:41.The Prime Minister has resigned, can you give us a reaction?

:23:42. > :23:44.No reaction, but two senior Labour MPs have tabled a

:23:45. > :23:49.motion of no-confidence in Mr Corbyn's leadership.

:23:50. > :23:56.I think Jeremy Corbyn should resign as leader of the Labour Party.

:23:57. > :24:00.This was a test of leadership, the European referendum campaign.

:24:01. > :24:03.He started too late, he was very half-hearted in the

:24:04. > :24:04.leadership he gave to Labour under it.

:24:05. > :24:11.For Britain, for Europe, as the country embarks on a new and

:24:12. > :24:17.uncertain future outside the EU and under a different leader.

:24:18. > :24:29.Carole Walker, BBC News, Westminster.

:24:30. > :24:40.With me is our Chief Political Correspondent Vicki Young.

:24:41. > :24:49.The tone and content of that statement? It is an incredible

:24:50. > :24:58.moment, because when things change in Westminster, they often change

:24:59. > :25:09.very fast. He appears, on the verge of tears, saying he is going to step

:25:10. > :25:16.down. Interestingly, only yesterday, he was getting the backing of many

:25:17. > :25:21.of the Eurosceptic MPs, seeing he should be on regardless of the

:25:22. > :25:30.result. Clearly, he was very emotional. Other things to worry

:25:31. > :25:37.about, the potential break-up of the United Kingdom. Changes to agree

:25:38. > :25:47.that we treat, that we travel. This was all a big gamble for him and it

:25:48. > :25:51.did not pay off. Those are the other side of the campaign had their own

:25:52. > :26:05.statements. They were very soul, the likes of Boris Johnson. He would

:26:06. > :26:13.have thought they had lost. This was very different to the Ukip leader,

:26:14. > :26:20.who said he had champagne for breakfast. It must feel like Boris

:26:21. > :26:34.Johnson was regretting what had happened. I have just seen a

:26:35. > :26:42.conservative who accused him of making immigration a dirty word.

:26:43. > :26:50.They were trying to appeal to young people and liberals, but he is

:26:51. > :27:01.trying to say that he has a different vision for the country

:27:02. > :27:05.than the likes of Nigel Farage. The big question now is will Boris

:27:06. > :27:07.Johnson try to become the next Prime Minister?

:27:08. > :27:09.As the result became clear overnight, the pound

:27:10. > :27:12.suffered its biggest drop on record, at one point falling to levels

:27:13. > :27:15.The governor of the Bank of England Mark Carney has sought

:27:16. > :27:17.to reassure financial markets and said the Bank

:27:18. > :27:26.Our economics correspondent Andy Verity reports.

:27:27. > :27:28.Panic on the markets on a scale not seen since

:27:29. > :27:34.The fear that this could turn into another one drove the pound

:27:35. > :27:37.down 12% this morning, the biggest drop in half a century,

:27:38. > :27:41.and when it opened at 8am, the stock market crashed.

:27:42. > :27:44.The same man who warned Brexit could trigger a recession was now

:27:45. > :27:47.seeking to prevent one through reassurance,

:27:48. > :27:50.announcing he'd lend up to a quarter of a trillion pounds more to banks

:27:51. > :27:58.Her Majesty's Treasury and the Bank of England have engaged in extensive

:27:59. > :28:01.contingency planning and the Chancellor and I have

:28:02. > :28:03.remained in close contact, including through the night

:28:04. > :28:10.To be clear, the Bank of England will not hesitate to take additional

:28:11. > :28:13.measures as required as markets adjust and as the UK

:28:14. > :28:25.Mark Carney's intervention helped to stem the panic and both the pound

:28:26. > :28:28.and the shares market recovered nearly half their losses.

:28:29. > :28:31.He deviated from his doomsday message from just a couple of weeks

:28:32. > :28:36.ago to try and reassure the markets and also really to say

:28:37. > :28:39.that he will do whatever it takes to prop up the UK economy

:28:40. > :28:43.The markets love it when the central bank says we will do

:28:44. > :28:46.But in Europe, shares were hit even harder.

:28:47. > :28:50.Business people who count on the single market are worried.

:28:51. > :28:53.The business community is really disturbed and disappointed by this.

:28:54. > :28:57.We're going to have a period of volatility and instability

:28:58. > :29:00.and uncertainty, and we see already in the markets things

:29:01. > :29:03.that we were most concerned about, a drop in the value of sterling,

:29:04. > :29:07.in the stock market and not just in the UK, around the world.

:29:08. > :29:13.The immediate effect is on this, the value of the pound.

:29:14. > :29:23.If you're a tourist coming to this bureau de change in London,

:29:24. > :29:25.you'll get more pounds for your euros or your dollars.

:29:26. > :29:29.On the other hand, if you are going on holiday will get more euros

:29:30. > :29:33.-- you will get fewer euros or dollars for your pound.

:29:34. > :29:35.Exporters may be more competitive because people abroad can buy more

:29:36. > :29:38.of their goods for the same money, but imported prices,

:29:39. > :29:40.goods coming into the country, they'll get more expensive.

:29:41. > :29:42.Most economists warned Brexit would mean a weaker pound,

:29:43. > :29:45.higher prices and slower growth, but no one's saying "I told you so".

:29:46. > :29:47.They are praying their forecasts were wrong.

:29:48. > :30:09.I want to just tell you that the London Mayor palace just tweeted, to

:30:10. > :30:18.every European resident in London, you are very welcome. He said London

:30:19. > :30:26.will continue to be the successful city that it has been. The message

:30:27. > :30:28.they are, do not panic. But he pointed message the Internet every

:30:29. > :30:29.European resident. So, a busy and uncertain

:30:30. > :30:32.time on the markets. We can join our Business

:30:33. > :30:34.Correspondent Ben Thompson, who is monitoring the markets

:30:35. > :30:57.in the City. Potential plans already by some

:30:58. > :31:05.banks to move out of London. I will take you to the market boards. It

:31:06. > :31:13.has been a very volatile day. You will notice the losses on the

:31:14. > :31:22.continent are much worse. In Paris and Frankfurt, markets falling much

:31:23. > :31:27.more significantly. Within the next 15 minutes, we will find out the

:31:28. > :31:35.view of America. The stock market will just open. We are expecting the

:31:36. > :31:44.stock market to open down over the year. They will be digesting

:31:45. > :31:50.everything they have heard here. Speaking to people here, they are

:31:51. > :31:53.seeing a lot of investors are sitting on the sidelines at the

:31:54. > :32:05.moment, just trying to get some sense of what has happened and the

:32:06. > :32:10.implications for the future. You touched on that news coming through

:32:11. > :32:20.from Morgan Stanley that it is already putting in place plans to

:32:21. > :32:24.move to staff in the United Kingdom out of the country. They said their

:32:25. > :32:37.contingency plans for that are already in place. It says it will

:32:38. > :32:47.not wait for the divorce procedure to take its course. They see 2000

:32:48. > :32:56.staff will leave from the London-based, they will be

:32:57. > :33:09.established elsewhere in Europe. They said it would be a European

:33:10. > :33:18.union exit would deviate most significant situation since the end

:33:19. > :33:21.of World War II. They are mentioning contingency planning, which is

:33:22. > :33:29.happening many places, not least here. The European Parliament

:33:30. > :33:35.president said earlier today there will be consequences for the United

:33:36. > :33:44.Kingdom so that other countries are not encouraged to follow that

:33:45. > :33:50.dangerous path. For more on the imperfect on other member states, we

:33:51. > :33:56.can speak to our correspondent in Brussels. It is impossible to

:33:57. > :34:04.exaggerate the shock which has been held here. There is real concern

:34:05. > :34:11.about the wader European union. And then the other is the vast unknown

:34:12. > :34:20.of what lies ahead. The leaders have tried to motivate the language. This

:34:21. > :34:28.is not the team for hysterical reaction. The negotiation of

:34:29. > :34:34.Britain's exit, the terms and the team, that will be hugely

:34:35. > :34:38.complicated. The leaders from Germany, France and Italy will be

:34:39. > :34:49.here next week to try and make sense of what has happened.

:34:50. > :35:03.A new day breaking over the British coast. And with it, and you

:35:04. > :35:09.relationship with Europe. The German Chancellor has expressed great

:35:10. > :35:14.regret about the outcome. The consequences of this in the days and

:35:15. > :35:20.weeks to come the paint on the remaining member states. We should

:35:21. > :35:27.not be drawn into anything which could further divide Europe. In

:35:28. > :35:34.Paris, the president said the result was eager leave test for Europe.

:35:35. > :35:39.Europe cannot be like it was before. We need the European Union to

:35:40. > :35:45.reaffirm its values of freedom, tolerance and peace. The streets of

:35:46. > :35:57.Europe, ordinary citizens reacted with shock. It is a catastrophe. I

:35:58. > :36:02.thought you were Europeans. A Frenchman said he respected the

:36:03. > :36:10.decision but thought Britain would suffer. There has been turmoil on

:36:11. > :36:14.the financial markets. Huge falls in Europe and Asia. Around the world,

:36:15. > :36:23.leaders are still trying to take in what has happened. There will be a

:36:24. > :36:30.degree of uncertainty. But one world figure celebrated the decision.

:36:31. > :36:37.Donald Trump, visiting his golf resort in Scotland, praised the

:36:38. > :36:42.British people. I think it is a great decision. I think it will be a

:36:43. > :36:49.great thing. They are taking back the country. That is a great thing.

:36:50. > :36:56.In Brussels, finance ministers have been holding emergency talks. There

:36:57. > :37:00.are testing times ahead, not just ahead for Britain, but from the

:37:01. > :37:09.European Union itself. Tremendous uncertainty. A little more about

:37:10. > :37:18.what has been said. Britain is committed to leaving the European

:37:19. > :37:24.Union. He said, I wondered if this is a rational decision. The leaders

:37:25. > :37:37.here want to get on with negotiating this exit, because they do not want

:37:38. > :37:40.a huge delay. This counters with the team plane lido by David Cameron

:37:41. > :37:51.when he was talking in Downing Street. Even negotiating the time of

:37:52. > :37:54.the exit could be one of the many battles lying ahead.

:37:55. > :37:57.This result will have huge implications right across the UK.

:37:58. > :38:00.We can now get reaction from Scotland, Wales

:38:01. > :38:02.and Northern Ireland and find out what the consequences

:38:03. > :38:06.Gavin Esler is in Edinburgh, Sian Lloyd is in Cardiff

:38:07. > :38:23.Your sense of the reaction in the capital, and the reaction of the

:38:24. > :38:28.First Minister, with the possibility of a second independence referendum.

:38:29. > :38:33.She was fairly bald and very cautious at the same time. She was

:38:34. > :38:37.seen this was a game changer. Scotland are being taken out of the

:38:38. > :38:44.European Union against the will of the people. Therefore, it is highly

:38:45. > :38:54.likely there would be a second independence referendum. The more

:38:55. > :39:02.cautious side was talking with the Mayor of London, who has also

:39:03. > :39:09.expressed his wish to become the part of the European Union. I am not

:39:10. > :39:14.sure how that would work. If the people of Scotland to vote in

:39:15. > :39:22.another independence referendum, the First Minister says many former zero

:39:23. > :39:25.voters would no vote yes. I have certainly gauged that reaction. But

:39:26. > :39:36.what sort of European Union with VB voting to stay in? Some others are

:39:37. > :39:40.seeing letters have the referendum next year when we have local council

:39:41. > :39:45.elections. I do not see that possibly happening that quickly. The

:39:46. > :39:55.Scottish parliament will reconvene next Tuesday. There are few years

:39:56. > :39:58.here in Scotland who have European Union passports, who may be

:39:59. > :40:04.wondering about the future, the she is seeing that they are a fairly

:40:05. > :40:08.safe here. Other opinion in Scotland, we know the Scottish

:40:09. > :40:15.National party is dominant. What about the other party leaders up

:40:16. > :40:23.the? Really campaigning? Yes, they wear. Ruth Davidson, we saw her

:40:24. > :40:30.campaigning on the national stage, as well as here in Scotland. The

:40:31. > :40:38.leadership of her party is about to change. The Labour leader, I am

:40:39. > :40:45.hoping to speak to her this afternoon. She said there was a

:40:46. > :40:54.problem that Jeremy Corbyn is not the tape of leader who is firing up

:40:55. > :40:59.the gas roots of the Labour Party. She says that the party wanted to

:41:00. > :41:06.stay within the United Kingdom and within the European Union. All of

:41:07. > :41:12.the parties appeared to have the problems. We will talk later on. We

:41:13. > :41:25.will know go to Belfast. The broad response to what has happened. There

:41:26. > :41:35.is a question about all of those issues. The Democratic Unionist

:41:36. > :41:41.party leader and the First Minister have said they welcomed the result.

:41:42. > :41:47.But she says there is no need to panic. Others are asking about what

:41:48. > :41:54.this will mean with regard to the border. We'll be be bored chicks

:41:55. > :42:00.know? There is a big relationship in trade between United Kingdom and

:42:01. > :42:08.Ireland. The Arabic trading partners. All of these issues will

:42:09. > :42:20.no need to be addressed. They are no practical realities. We can know go

:42:21. > :42:26.to Cardiff. We saw the First Minister making that statement. What

:42:27. > :42:41.has been the broad response to the to that? I think it has been a bit

:42:42. > :42:48.of a shock for the Remain. I think a lot of people are rather critical of

:42:49. > :42:52.the Remain camp, thinking that the lefty campaigning too late. Many

:42:53. > :43:01.people feel they should have been campaigning rater after the

:43:02. > :43:08.elections. There are so many alias struggling. But so many of these

:43:09. > :43:10.areas get money from the European Union but they actually been

:43:11. > :43:18.thwarted to leave the European Union. Very interesting that way it

:43:19. > :43:28.happened. But the opinion polls recently where showing the strain.

:43:29. > :43:39.-- trained. The result may be should not come as much of a shock. It was

:43:40. > :43:47.focused. -- forecast. I think the First Minister will now meet with

:43:48. > :43:50.the Cabinet and perhaps look to try and get more money from London. If

:43:51. > :43:57.they are not getting the money from Europe, they will be looking to get

:43:58. > :44:10.it from Westminster. Thank you very much. Of course, the country voted

:44:11. > :44:17.to leave the European Union overall. More reaction, the United States

:44:18. > :44:27.president has reacted and said, we respect the decision, but the United

:44:28. > :44:30.Kingdom and the European Union will remain indispensable partners of the

:44:31. > :44:37.United States. He said we respect the decision, but the European Union

:44:38. > :44:38.and the United Kingdom remain indispensable partners of the United

:44:39. > :44:41.States. So, what does it feel like this

:44:42. > :44:44.morning, if you are a non-UK resident, to be waking up

:44:45. > :44:46.in a country that has One area that has seen a huge

:44:47. > :44:50.number of EU migrants Our correspondent

:44:51. > :45:03.Robert Hall is there. on the faces of Brexit voters, 71.4%

:45:04. > :45:10.of people in the Fenland region voted in favour of leaving the EU in

:45:11. > :45:14.part down to this issue of immigration. About a third of the

:45:15. > :45:19.population here, once a busy river port, are from Eastern Europe, they

:45:20. > :45:22.came here to work on the farms, and in local food processing plants. A

:45:23. > :45:26.lot of them now have their own businesses but it's led to divisions

:45:27. > :45:33.and dissatisfactions within the town and that has contributed to the

:45:34. > :45:38.Leave. I want to vote to a family from this region, not from Eastern

:45:39. > :45:42.Europe. You and your family over this issue of immigration in

:45:43. > :45:47.general, where part of this decision-making process and voted to

:45:48. > :45:49.leave. How big was it in your mind? Quite a big because several social

:45:50. > :45:55.issues need discussing around the country. We are just one of the

:45:56. > :46:00.towns where it's happening. How much our problem as the Division 1

:46:01. > :46:05.referred to been in recent years? The migrant population didn't arrive

:46:06. > :46:08.until a few years ago. Problems have arisen from integration with locals

:46:09. > :46:14.and migrant workers and hopefully things are going to get better. This

:46:15. > :46:18.was a divided family. You are a lever, your wife wavered and in the

:46:19. > :46:24.end, remained. And you too, you both voted Remain Sahota do feel this

:46:25. > :46:28.morning? Very discouraged by the fact we had left the EU and

:46:29. > :46:31.especially because the only thing I'd seen on social media and through

:46:32. > :46:37.my friends what everybody was voting in and I did not expect to be out at

:46:38. > :46:41.all. What are your concerns? The economy has already started to fall

:46:42. > :46:47.and it's going to continue. I'm not 100% sure but the pound is already

:46:48. > :46:50.the same as it was in 1985 so it's discouraging to know the economy is

:46:51. > :46:58.going downwards from here. You've just finished a degree in business,

:46:59. > :47:02.so have you got concerns? In the grand scheme of things, there were

:47:03. > :47:07.lots of economic reasons for staying and it's quite disappointing this

:47:08. > :47:14.morning, a lot of people our age voted to Remain so it's quite sad.

:47:15. > :47:19.What principles do think people voted on? Do think the campaign was

:47:20. > :47:24.conducted properly? I don't think it was conducted well. As loss of

:47:25. > :47:28.concentration on immigration, the imaginary 350 million we sent to the

:47:29. > :47:35.EU each week but immigration was a big factor. People are quite narrow

:47:36. > :47:38.minded about it. Thank you. In a word, we had worrying signs from the

:47:39. > :47:44.city and businesses, are you now concerned about the cross in the box

:47:45. > :47:48.you left? A lot of people will be concerned. We do have to see what

:47:49. > :47:53.the future holds and we do need to unite and make it a better world.

:47:54. > :47:59.Work together. Work perhaps harder at making it the place it should be.

:48:00. > :48:03.Thank you all very much. More from Wisbech a little later on but for

:48:04. > :48:07.now, back to you. Roberts, thank you very much.

:48:08. > :48:19.We are reporting from Westminster on the outcome of the EU referendum.

:48:20. > :48:21.You're watching a special EU referendum programme

:48:22. > :48:28.Now over to the BBC Newsroom for a summary of all the latest news

:48:29. > :48:32.After more than 40 years, the UK is to end its membership

:48:33. > :48:35.The decision has been decisive with the Leave campaign

:48:36. > :48:38.securing its victory by a margin of more than one million votes.

:48:39. > :48:41.The Prime Minister David Cameron has said he will step down

:48:42. > :48:45.and a new Prime Minister would be in place within months.

:48:46. > :48:50.In total, 17.4 million people voted for the UK to leave the EU.

:48:51. > :48:55.That compares with the 16.1 million voters who backed remain.

:48:56. > :48:59.Turnout was 72%, the highest level in a nationwide ballot

:49:00. > :49:07.As the UK woke up to the news it is to exit the European Union,

:49:08. > :49:12.Ukip's leader Nigel Farage led those in Westminster saying June 23rd

:49:13. > :49:18.should now be regarded as Britain's independence day.

:49:19. > :49:24.Those from the Remain camp described the result as a catastrophe.

:49:25. > :49:27.Supporters of Remain consoled each other as the campaign received lower

:49:28. > :49:29.than expected support across swathes of England including

:49:30. > :49:35.Speaking outside Downing Street, David Cameron said that he will

:49:36. > :49:42.resign as Prime Minister with a new leader appointed by October.

:49:43. > :49:50.I think the country requires fresh leadership to take it in this

:49:51. > :49:53.direction. I will do everything I can as Prime Minister to steady the

:49:54. > :49:58.ship over the coming weeks and months. But I do not think it would

:49:59. > :50:04.be right for me to try to be the captain that steers our country to

:50:05. > :50:07.its next destination. This is not a decision I have taken lightly. But I

:50:08. > :50:11.do believe it's in the national interest to have a period of

:50:12. > :50:16.stability and then the new leadership required. There is no

:50:17. > :50:20.need for a precise timetable today. But, in my view, we should aim to

:50:21. > :50:21.have a new Prime Minister in place by the start of the Conservative

:50:22. > :50:23.Party conference in October. One of the politicians who led

:50:24. > :50:26.the campaign to Leave, the former Mayor of London,

:50:27. > :50:28.Boris Johnson paid tribute to David Cameron as "one of the most

:50:29. > :50:30.extraordinary politicians Mr Johnson also said that

:50:31. > :50:43.in the future Britain would benefit I believe we now have a glorious

:50:44. > :50:50.opportunity, we can pass our laws, and set our taxes entirely according

:50:51. > :50:54.to the needs of the UK economy. We can control our own borders in a way

:50:55. > :51:02.that is not discriminatory but fair and balanced and take the wind out

:51:03. > :51:03.of the sails of the extremists and those who would play politics with

:51:04. > :51:04.immigration. More than 62% of people in Scotland

:51:05. > :51:07.voted to stay in the EU. The First Minister of Scotland,

:51:08. > :51:09.Nicola Sturgeon, says that meant the option of a second

:51:10. > :51:22.referendum was on the table. When the article 50 process is

:51:23. > :51:28.triggered in three months' time, the UK will be on a two-year path to the

:51:29. > :51:33.EU exit door. If Parliament judges a second referendum is the best or

:51:34. > :51:38.only way to protect our place in Europe, it must have the option to

:51:39. > :51:43.hold one within the timescale. That means we must act now to protect

:51:44. > :51:47.that position. I can therefore confirmed today that in order to

:51:48. > :51:53.protect that position, we will begin to prepare the legislation that is

:51:54. > :51:55.required to enable a new independence referendum to take

:51:56. > :51:57.place if and when Parliament so decides.

:51:58. > :51:59.The political ramifications have extended to the

:52:00. > :52:02.Two of its MPs have submitted a motion of no

:52:03. > :52:06.Jeremy Corbyn is criticised for his handling of his handling

:52:07. > :52:10.of the referendum campaign by Margaret Hodge and Ann Coffey.

:52:11. > :52:12.They've written to the Chairman of the Parliamentary Labour Party.

:52:13. > :52:15.Their motion has no formal force, but it calls for a discussion at

:52:16. > :52:21.If accepted, it would be followed by a secret ballot

:52:22. > :52:30.Jeremy Corbyn pulled out of a planned appearance at Glastonbury

:52:31. > :52:33.this weekend. Let's cross live now back

:52:34. > :52:45.to Huw Edwards, gauging Joanna, thank you very much and

:52:46. > :52:48.welcome back to Downing Street. We have a position, reporting today in

:52:49. > :52:52.Downing Street on the decision of the UK electorate to leave the

:52:53. > :52:56.European Union. We have a Prime Minister resigning and will leave

:52:57. > :53:01.office within five or six months, a position where the Labour leader is

:53:02. > :53:05.likely to be challenged, possibly next week, Scotland, the First

:53:06. > :53:08.Minister talking in terms of a potential referendum, second

:53:09. > :53:14.referendum on independence. There are other layers, of course,

:53:15. > :53:18.including the legal consequences of this decision. How will this vote

:53:19. > :53:20.change the legal relationship between the UK and the EU? Let's

:53:21. > :53:22.talk to someone who knows. Our legal correspondent

:53:23. > :53:29.Clive Coleman is with me. There are lots of points we could

:53:30. > :53:39.raise Taiwan to start with Article 50 of the Lisbon Treaty. -- I want

:53:40. > :53:41.to start. Is this the route for Britain? Yes, we signed up to an

:53:42. > :53:46.international treaty and that's the way we get out of it. If you look at

:53:47. > :53:54.Article 50, the problem is, it's pretty brief, it doesn't lay down

:53:55. > :53:57.any sort of route map, any timescale, save this, once the prime

:53:58. > :54:00.ministers notified the president of the European Council of the UK's

:54:01. > :54:05.intention to leave, a clock starts ticking for two years and that's the

:54:06. > :54:10.two-year window in which we have to agree an arrangement whereby we

:54:11. > :54:13.leave. Interestingly, though, although people think that will be a

:54:14. > :54:17.two-year period where we can do everything, a trade agreement, a

:54:18. > :54:21.movement of people agreement, that will be simply the divorce

:54:22. > :54:24.settlement, not impossible, we could include a trade agreement within

:54:25. > :54:28.that, but trade agreements are notoriously difficult and long in

:54:29. > :54:33.terms of their negotiation and can take a decade or more so that

:54:34. > :54:38.two-year window is the time we have two negotiate this basic divorce

:54:39. > :54:42.settlement. If we don't do it within two years, that's it, we are out and

:54:43. > :54:46.would have to negotiate with the EU just like a normal third-party

:54:47. > :54:51.member state that is not a member of the EU. That's basically the

:54:52. > :54:56.position, but within that, there's a huge amount of uncertainty as to

:54:57. > :54:59.actually how this is all done. That Article 50 has not been triggered

:55:00. > :55:03.yet. The Prime Minister said that today and there was clear relief in

:55:04. > :55:08.other quarters he had not done so. Does he have to do that by a certain

:55:09. > :55:12.time? Is he under pressure to do it from EU partners? It doesn't give

:55:13. > :55:16.you a timeline when you have to do it. There's lots of arguments for

:55:17. > :55:22.not doing about quickly. Russell is pretty much sat down over the

:55:23. > :55:27.summer. The more breathing space you have -- Brussels. The better deal

:55:28. > :55:31.could be done in due course. He does not have to trigger it. He says he

:55:32. > :55:37.will do it fairly rapidly, so there is an issue of moral promises made

:55:38. > :55:41.to do that, and I think if it goes on too long, people will get very

:55:42. > :55:47.touchy about it. Crucial point, all of EU legislation, which is applying

:55:48. > :55:54.to the UK today, what happens to all of that? That's the $64,000

:55:55. > :55:57.question. No one knows. In order to expunge EU law from UK law, you

:55:58. > :56:01.would need an exercise in Parliamentary scrutiny the like of

:56:02. > :56:04.which we have never ever seen. It would probably take one Parliament

:56:05. > :56:09.if not two or three. Our legal system has been growing up through

:56:10. > :56:14.the last 40 is alongside in conjunction with EU law, in biding,

:56:15. > :56:19.taken on board EU law which now runs through the veins of large areas of

:56:20. > :56:22.our law, employment law, for instance, environmental law, so to

:56:23. > :56:29.go through act by act, statutory instrument, scrutinise it, and

:56:30. > :56:34.appeal at all appended, would take forever. I've heard it said one of

:56:35. > :56:37.the ironies of this referendum could be that the only effective way to do

:56:38. > :56:41.that would be to give much more power to the executive to give

:56:42. > :56:46.ministers power to do that and that would be something of an irony in a

:56:47. > :56:48.referendum which, at its heart, was wanting greater democracy which

:56:49. > :56:54.result in a more executive power being given in shaping our law to

:56:55. > :56:59.Cabinet ministers. I don't subscribe to that by now that view was

:57:00. > :57:05.expressed. Fascinating. Thank you very much for that. Clive Coleman

:57:06. > :57:08.talking through the complexities and some of the timescales that could be

:57:09. > :57:12.involved in the process of untangling, not just one or two

:57:13. > :57:13.years but it could take several years.

:57:14. > :57:15.Heathrow airport claims it will now play an even more vital role

:57:16. > :57:20.in keeping the UK connected to the rest of the world.

:57:21. > :57:25.The airport's chief executive John Holland-Kaye is there.

:57:26. > :57:34.John, thank you. Your response first of all them, given your crucial

:57:35. > :57:39.position in terms of the UK economy, to the vote we had overnight? Well,

:57:40. > :57:43.I think at the time your think about what kind of country do we want to

:57:44. > :57:46.have, what economy will be have? We're concerned about the state of

:57:47. > :57:51.the financial markets and what it means for us all but I think this is

:57:52. > :57:55.the point of clarity when we realise what matters for the future. We want

:57:56. > :57:58.a stronger country, stronger economy for the next generation, we need to

:57:59. > :58:03.invest now to make sure the economy can be stronger and what Heathrow

:58:04. > :58:06.expansion will do is make sure we can trade with all the growing

:58:07. > :58:10.market in the world. We want to be confident as good-looking superpower

:58:11. > :58:14.and only Heathrow expansion will allow us to do that. We need to look

:58:15. > :58:18.not just to Europe for the future but the world, and that's why it's

:58:19. > :58:23.now critical we get on with it. We're concerned about the stability

:58:24. > :58:29.in the UK economy. What better way than to bring an ?18 billion

:58:30. > :58:32.privately funded investment in British infrastructure? That's a

:58:33. > :58:36.huge opportunity to create jobs and growth now which any politician

:58:37. > :58:40.should grab with both hands. What are your chances of that happening

:58:41. > :58:45.if Boris Johnson becomes Prime Minister? I think we are in a new

:58:46. > :58:49.reality now where any political leader will want to provide economic

:58:50. > :58:53.stability today and investment in jobs and growth at Heathrow will do

:58:54. > :58:58.that, and set up the next generation for future success. We've got to be

:58:59. > :59:01.outward looking. We've got to be confident as one of the world's big

:59:02. > :59:05.trading nations and that's why we need the direct flights to all of

:59:06. > :59:08.the growing market in the world, Asia, North and South America. We

:59:09. > :59:14.know only Heathrow can do that. Every time we look at this, only

:59:15. > :59:16.Heathrow expansion will do that and that's wide, whether it's Boris

:59:17. > :59:20.Johnson or another Prime Minister Erdogan they will come to the same

:59:21. > :59:27.conclusion, get on and expand Heathrow. We were talking to Clive

:59:28. > :59:30.Coleman about the legal complexity of unpicking the legislation and

:59:31. > :59:35.different aspects of the relationship with the EU. What, in

:59:36. > :59:39.practical terms, could this mean for big airports and let's talk about

:59:40. > :59:44.Heathrow, the busy one, what in practical terms could that unpicking

:59:45. > :59:47.mean for you? In the short term of course, nothing changes. If you're

:59:48. > :59:50.travelling as a passenger, it exactly the same today as it was

:59:51. > :59:55.yesterday and will be the same in two years' time as it is today.

:59:56. > :59:59.People should not expect anything to change in duty free or immigration.

:00:00. > :00:05.In the longer term of course, we are concerned about the health of the

:00:06. > :00:09.economy. We will expect to see some changes at some point around

:00:10. > :00:15.immigration for example. Around duty-free and around employment. One

:00:16. > :00:22.thing is clear. We need more than ever to have a strong, healthy port

:00:23. > :00:27.right at the heart of the UK and that is what Heathrow does. Whatever

:00:28. > :00:33.arrangement may have with the EU, we need to have a plan for the long

:00:34. > :00:40.term future but the rest of the world. Thanks very much for joining

:00:41. > :00:44.us. The chief executive of Heathrow Airport making a very clear appeal

:00:45. > :00:49.to whoever succeeds David Cameron at ten Downing St for the Heathrow

:00:50. > :00:53.expansion option which of course has been a very, very controversial

:00:54. > :00:56.debate over the last few years. Boris Johnson has very strong views

:00:57. > :01:01.on it because he wanted an altogether different solution. Let's

:01:02. > :01:06.see about my change. -- let fear that might change. -- let's see if

:01:07. > :01:08.that might change. Political reaction is continuing

:01:09. > :01:10.to filter through this morning, both to Britain's historic decision

:01:11. > :01:13.to leave the EU and the Prime Let's go to College Green

:01:14. > :01:27.at Westminster and my Thank you. We're going to pick up on

:01:28. > :01:32.the conversation you are just having about Heathrow. We will talk a

:01:33. > :01:37.little bit more about the impact on business, the economy, the world of

:01:38. > :01:41.work. Alongside me, on a very busy Westminster, Frances O'Grady, the

:01:42. > :01:47.head of the TUC and John Longworth, formerly of the British Chambers of.

:01:48. > :01:54.A question to our guest about Heathrow, in essence, what changes

:01:55. > :01:58.from here on in? The TUC wants to see some urgent action on a national

:01:59. > :02:05.action plan to shore up the pound, secured economy, but crucially to

:02:06. > :02:07.protect people's jobs and livelihoods, we can't have working

:02:08. > :02:13.people paying the price again. We want the government to pull in

:02:14. > :02:19.politicians of all stripes, unions and business, to work together on

:02:20. > :02:24.how we get a deal to retain access to the EU market on which so many

:02:25. > :02:29.manufacturing exports and good jobs depend. We'll talk more about that.

:02:30. > :02:36.John Longworth, you wanted to leave, of course. Yes, I was chairman of

:02:37. > :02:41.the boat leave council. The one thing we can't do is return to the

:02:42. > :02:45.establishment business as usual -- Vote Leave. If we do, we'll

:02:46. > :02:52.negotiate back into the European social market or lose the benefits

:02:53. > :02:55.for that we need to get the real benefits of leaving. Those benefits

:02:56. > :03:00.are not to do with a single market but to do with the dividend of 1%

:03:01. > :03:04.potential growth from the contribution we make we no longer

:03:05. > :03:09.have to make from a reduction in regulatory costs from the removal of

:03:10. > :03:13.course of the big external barriers, the tariffs, the EU actually applied

:03:14. > :03:18.that makes food and clothing and footwear much more expensive for UK

:03:19. > :03:23.consumers. Those of sorts of things which will the economy. Without any

:03:24. > :03:27.trade deal of the EU, we will of course get a trade deal with the EU

:03:28. > :03:34.because we sell much more to them than they sell to us. Particular

:03:35. > :03:38.manufacturing, wraps I talk to, decisions on new starters,

:03:39. > :03:40.apprenticeships, investments, I think today is a day where actually

:03:41. > :03:51.we need unity -- wrap today everybody needs develop their

:03:52. > :03:54.sleeves and be very clear that this is not about politicians jobs but

:03:55. > :03:59.about working people's jobs and that has to be top of the agenda for

:04:00. > :04:04.everybody. But it's a long slow process. Can we all agree on that?

:04:05. > :04:10.Negotiating trade deals, agreements, none of this is going to happen

:04:11. > :04:18.quickly and that we always hear that business hates uncertainty? Isn't

:04:19. > :04:21.that an unsettling period? The greatest uncertainty would have been

:04:22. > :04:24.to remain in the European Union where we would have had none of the

:04:25. > :04:29.decision-making, had to foot the bill and had all the regulatory

:04:30. > :04:33.costs. Now we need to make sure we get the dividend the economy, the

:04:34. > :04:37.boost of the economy, from leaving and we can do some of that very

:04:38. > :04:41.quickly. Of course, we determine the pace at which we exit the European

:04:42. > :04:45.Union, we don't have to trigger article 54 that we could have

:04:46. > :04:49.pre-negotiations informally and then to Article 50 quite quickly. If we

:04:50. > :04:55.find when not getting the deal, we ought to simply leave and get on and

:04:56. > :05:00.make our own way. I think everybody wants to get a good deal and that's

:05:01. > :05:05.what we should focus on but I do worry about others talking about

:05:06. > :05:09.taking a bit of a punt on how quickly we would find other trade

:05:10. > :05:14.deals when its peoples livelihoods at stake. A lot of working have

:05:15. > :05:21.already been through one hell of a crisis in terms of financial crisis,

:05:22. > :05:24.2008. They feel angry and disaffected but they lost our jobs

:05:25. > :05:28.and pay packets, but also through the cuts, the local services, too.

:05:29. > :05:32.We got a generation of young people who didn't vote for this Brexit and

:05:33. > :05:35.I think we should be looking at a national programme to get demand

:05:36. > :05:41.into the economy, like building affordable homes, which young people

:05:42. > :05:46.in particular need, to make sure they have jobs and a decent life for

:05:47. > :05:50.them. We don't want to rerun the whole campaign but people watching

:05:51. > :05:55.will know in the run-up to the north at a particularly big businesses

:05:56. > :06:00.wanted the UK to remain and did not want the boat we have got. Those

:06:01. > :06:08.businesses that were so fervent about it, what are they doing now?

:06:09. > :06:13.-- vote we're huge number of business entrepreneurs signed up to

:06:14. > :06:17.the Leave Campaign. The multinationals fighting against us

:06:18. > :06:22.and the CBI, as well, of course, are now saying as I predicted, things

:06:23. > :06:26.will be OK and we can manage the change. Pity they did not say that

:06:27. > :06:30.during the campaign. The fact is it working people in the UK who suffer

:06:31. > :06:33.the most from the European Union rather than the multinationals, who

:06:34. > :06:36.benefited for the Labour Party should be ashamed of themselves for

:06:37. > :06:43.abandoning working-class people and they are now... You sat on the board

:06:44. > :06:48.of Asda and Tesco so you know the big business perspective too. I

:06:49. > :06:52.think what we need to concentrate on is building confidence. Shoring up

:06:53. > :06:57.the pound, and making sure we have decent jobs for people. This is

:06:58. > :07:01.serious stuff. I think we need to move on from the campaign and focus

:07:02. > :07:06.on working together to secure those decent jobs and protect them. OK, we

:07:07. > :07:15.will talk about this plenty in the coming weeks. Thank you both for

:07:16. > :07:17.now. Letter mind ourselves of exactly how the vote broke down.

:07:18. > :07:21.There were big regional variations. Christian Fraser has been looking

:07:22. > :07:30.through the variations. Let me show you in detail, the

:07:31. > :07:34.numbers and final result as we have across the four nations of the UK.

:07:35. > :07:40.We start with England. You can see the turnout is very high. 28 million

:07:41. > :07:47.people voting across England. This is the highest turnout, 73%, since

:07:48. > :07:51.1992, so nearly 25 years, parts of the country that don't normally get

:07:52. > :07:59.involved in the prodigal process coming out to vote Wood made a huge

:08:00. > :08:04.difference. You can see this made a huge difference -- political. These

:08:05. > :08:06.isolated bits of yellow, the metropolitan areas, Liverpool,

:08:07. > :08:12.Manchester, wealthier parts of Yorkshire, leaves, Harrogate, and up

:08:13. > :08:17.here isolated, Newcastle in the north-east, although not by as

:08:18. > :08:22.bigger margin is perhaps Remain were hoping for up there. London almost

:08:23. > :08:28.overall in London went for Remain but not so across the south-east.

:08:29. > :08:32.Big parts of Kent, also in blue. Let's look at the picture in

:08:33. > :08:38.Scotland. It's very different. All 32 voting areas going for Remain.

:08:39. > :08:41.The turnout, 2.8 million people in Scotland, slightly lower than the UK

:08:42. > :08:48.average, which could be because of the number of votes they've had in

:08:49. > :08:55.recent years. Four times in two years. Edinburgh, 74%, for Remain.

:08:56. > :09:00.That opens up this whole discussion about a second independence vote in

:09:01. > :09:07.Scotland. Similar discussion now going on in Northern Ireland, where,

:09:08. > :09:12.again, they voted for Remain. Hello turnout, 790,000, this is one

:09:13. > :09:18.interesting area. Foil. One of the top five Remain areas in the UK.

:09:19. > :09:24.North Antrim, not far away, one of the top Leave areas in the UK. Three

:09:25. > :09:29.out of four areas in Belfast going for Remain. Let me show you another

:09:30. > :09:35.picture again. In Wales, just five of the 22 voting areas in Wales

:09:36. > :09:39.going for Remain. Cardiff did, Swansea didn't, but other key Labour

:09:40. > :09:46.areas, Merthyr Tydfil, Newport, Caerphilly, all going towards Leave.

:09:47. > :09:52.Let me show you the top five areas which went for Leave in the country

:09:53. > :09:56.because top of the pile is very interesting, Boston in Lincolnshire.

:09:57. > :10:00.75%, according to the 2011 centres have the biggest percentage of

:10:01. > :10:06.Eastern European migrants in England and Wales. Top of the pile of the

:10:07. > :10:10.levers. South Holland, also in Lincolnshire. Castle Point in

:10:11. > :10:17.ethics, big support for Ukip, Great Yarmouth has a Ukip Mayor. Let's

:10:18. > :10:20.show you the top five Remain. Gibraltar, not surprising, almost

:10:21. > :10:26.universal support, and in the London boroughs of Lambeth and Hackney and

:10:27. > :10:37.then foil. This is interesting, I hate map, the areas in dark blue

:10:38. > :10:44.they went most for Leave -- we talked about Lincolnshire, Great

:10:45. > :10:49.Yarmouth down here. -- a heat map. In dark blue, similar map for

:10:50. > :10:55.Remain, the central belt of Scotland, the Western Isles, the

:10:56. > :11:03.Orkney Islands, in orange, and then down here, Cambridgeshire, London,

:11:04. > :11:07.and odds and bets down here. That gives you a picture of how the

:11:08. > :11:09.country was divided and we are also starting to see some information

:11:10. > :11:15.that maybe there was a generational split as well. We hope to season

:11:16. > :11:20.detail on that as the days go by. Certainly the younger people voting

:11:21. > :11:34.more for Remain. The details are on the website. Christian, thank you

:11:35. > :11:37.very much. Let's talk to someone who spent several years of number ten as

:11:38. > :11:42.director of two mutations for a Labour Prime Minister, Tony Blair.

:11:43. > :11:47.Alastair Campbell, thank you joining us. What for you, was the main

:11:48. > :11:53.driver of this result? Was it to do with economic hardship or levels of

:11:54. > :11:56.migration? I think they became connected. I think for me the

:11:57. > :12:01.biggest thing has been a sense in lots of different amenities that

:12:02. > :12:05.people feel the global financial crisis happened, the people who

:12:06. > :12:08.cause the gone away with it scot-free, and they have continued

:12:09. > :12:12.to pay a price through austerity policies. Part of a problem, when

:12:13. > :12:16.David Cameron and George Osborne were hammering this message about

:12:17. > :12:19.risk, I think they were right to do that. We've seen the consequences of

:12:20. > :12:23.this vote to the economy already but I think that for a lot of people

:12:24. > :12:26.they were thinking, what is this great economy you're talking about

:12:27. > :12:30.because I don't feel it? We are going to an error, not just in

:12:31. > :12:34.Britain but around democratic countries in the world, with a

:12:35. > :12:37.public are looking for reasons to kick politicians. That's why I was

:12:38. > :12:41.very worried about this referendum. I know it sounds anti-democratic to

:12:42. > :12:45.save I didn't think we should have had this but the reason is, it was

:12:46. > :12:48.announced three years ago as a tactic to deal with the rise of Ukip

:12:49. > :12:53.and the Tory rights but three years later, we're having it in very

:12:54. > :12:58.different circumstances where I was very worried when people said the

:12:59. > :13:02.turnout is really, really high and that will help Remain and I did not

:13:03. > :13:05.believe that. People politically in northern towns and cities were

:13:06. > :13:12.voting for the first time. They were coming out to vote against something

:13:13. > :13:15.and I think there is no one reason. We're talking about millions and

:13:16. > :13:19.millions of people making their own minds in their own way but I think

:13:20. > :13:22.it's about a sense of division and inequality and people feeling

:13:23. > :13:26.there's lots of people in this country, who do really really well

:13:27. > :13:33.and they keep on doing better and there's people just being left

:13:34. > :13:35.behind. Do you think some Labour MPs are being unfair when their cues

:13:36. > :13:40.Jeremy Corbyn and his team of not having pulled their weight in this

:13:41. > :13:45.campaign? -- when they accuse. People knew this was going to be a

:13:46. > :13:50.really tough fight. That was clear from the start. Everybody I think,

:13:51. > :13:55.who had the possibility of playing a role to help win it had to do that

:13:56. > :14:01.to the max. I don't really think you can say that was done. Latterly, the

:14:02. > :14:05.Labour Party is an organisation actually did an incredible job, in

:14:06. > :14:08.terms of getting out, particularly to the difficult areas, trying to

:14:09. > :14:13.find supporters who would come out and vote, but I think there was a

:14:14. > :14:17.confusion about the message and I think there was a difficulty in the

:14:18. > :14:20.factor David Cameron was pushing one message and Jeremy Corbyn pushing a

:14:21. > :14:25.different message on the same issues and Nicholas surge in something

:14:26. > :14:30.different. I just think that weakened the campaign -- Nicola

:14:31. > :14:33.Sturgeon. The Leave side, even though they were divided, they were

:14:34. > :14:38.actually come to an entry in terms of the messages. It interesting

:14:39. > :14:43.watching Nigel Farage today trying to do so in the ?350 million which

:14:44. > :14:47.is frankly always was for the birds, but his disown that, he can say it

:14:48. > :14:51.was nothing to do with him but it was effective for his campaign, and

:14:52. > :14:54.likewise, Michael Gove can say he shuddered Nigel Farage MarketWatch

:14:55. > :14:58.poster but it was effective for his campaign because they were marching

:14:59. > :15:04.to the same drum and now we have delivered the same consequences.

:15:05. > :15:08.Just a thought about the state of the Labour Party, which is so know

:15:09. > :15:09.well, do you think people like Margaret Hodge, right to be talking

:15:10. > :15:26.about a challenge Jeremy Corbyn? I am obsessed with winning elections

:15:27. > :15:36.for the Labour Party. We have lost the last two. With the Conservative

:15:37. > :15:41.Party is divided as I can ever remember it, probably since the

:15:42. > :15:51.final days of Margaret Thatcher in power, we have still been unable to

:15:52. > :15:58.get in front. We have just got to be honest. In this state and we are in,

:15:59. > :16:08.with the team we have got, to be looked like a party which could win

:16:09. > :16:16.the general election? Do we look like we are heading north we are? I

:16:17. > :16:30.think the answer is obvious. -- north we are. What is the situation

:16:31. > :16:36.with the leadership? Jeremy Corbyn is the leader is part of this

:16:37. > :16:44.anti-politics thing. He was very different to previous leaders. New

:16:45. > :16:50.members have come in and they are very fervent supporters of him. I do

:16:51. > :17:01.not know. I do not know if there is a challenge that he might not just

:17:02. > :17:05.win again. But part of this was for them to be honest about whether they

:17:06. > :17:18.could lead and be a good alternative Prime Minister. I cannot see I am

:17:19. > :17:21.any happier about the state of the Labour Party. What happened in

:17:22. > :17:28.Scotland should have been a big warning for us. The Scottish

:17:29. > :17:34.National party pretty much weight I was out. There are no areas in the

:17:35. > :17:42.North of England, traditional Labour heartlands, which have no Gordon. It

:17:43. > :17:55.is difficult. -- they have no Gordon. Who is best placed to take

:17:56. > :18:02.Labour on in the way you think would be advantageous? I do not know. As

:18:03. > :18:15.we have seen today, we live in a democracy. That is why he is the

:18:16. > :18:24.leader. Just as Americans are looking at Donald Trump, people are

:18:25. > :18:35.looking at our politicians and as King similar questions. There is a

:18:36. > :18:42.narrowing of the pool of people who are even willing to go into

:18:43. > :18:47.politics. I think there is a hell of a lot of talent in the Labour Party.

:18:48. > :18:58.We have still got some amazing people there. But I do not think

:18:59. > :19:06.there is anything wrong with being obsessed about winning. I have to

:19:07. > :19:22.worry about where be higher rate no. -- clear we are at the moment. . You

:19:23. > :19:32.are watching our continued coverage of the European Union referendum. 43

:19:33. > :19:37.years after the original decision for us to go into the European

:19:38. > :19:46.Union, the common market back it as it then. It is a momentous decision

:19:47. > :19:51.that United Kingdom population have taken.

:19:52. > :19:53.A moment of history as the UK votes to leave

:19:54. > :19:57.After more than four decades in the EU, over 17 million

:19:58. > :20:01.David Cameron says he is now no longer the right person

:20:02. > :20:05.I will do everything I can as Prime Minister to steady the ship

:20:06. > :20:11.But I do not think it would be right for me to try to be the captain

:20:12. > :20:12.that steers our country to its next destination.

:20:13. > :20:15.There was jubilation in the Leave camp, but Boris Johnson warned

:20:16. > :20:19.that the vote would not lead to an immediate Brexit.

:20:20. > :20:22.Nothing will change over the short term, except that work will have

:20:23. > :20:26.to begin on how to give effect to the will of the people

:20:27. > :20:34.and to extracate this country from the supranational system.

:20:35. > :20:38.Dramatic falls for both the pound and the markets following the news,

:20:39. > :20:41.but the Bank of England says it is taking "all necessary steps"

:20:42. > :20:50.And the future of the UK is again on the table,

:20:51. > :20:52.as Scotland's First Minister says a second independence referendum

:20:53. > :20:56.is highly likely, after Scots voted overwhelmingly to remain.

:20:57. > :20:59.It is a significant and material change in circumstances and it is,

:21:00. > :21:01.therefore, a statement of the obvious that the option

:21:02. > :21:13.of a second referendum must be on the table.

:21:14. > :21:16.And here in Brussels, a major blow to the European project,

:21:17. > :21:19.as leaders from across the Continent absorb a democratic decision

:21:20. > :21:24.which could have major implications for the future of the EU.

:21:25. > :21:28.But they have a blunt message, you have decided to leave, so get on

:21:29. > :21:40.with it. After more than 40 years, Britain

:21:41. > :21:45.has voted to end its membership The vote was decisive.

:21:46. > :21:51.52% chose to leave the EU. Within hours, David Cameron

:21:52. > :21:56.announced he was standing He said he would stay in Number Ten

:21:57. > :22:03.for the next few months, but that the country

:22:04. > :22:06.required fresh leadership. Boris Johnson, who campaigned

:22:07. > :22:10.for a Leave vote, said the UK now had a "glorious opportunity"

:22:11. > :22:14.to pass its own laws, set its own taxes and find its voice

:22:15. > :22:21.in the world again. We can take a closer look

:22:22. > :22:23.at the final result, which shows that Leave

:22:24. > :22:25.secured its victory by a margin In total, 17.4 million people voted

:22:26. > :22:32.for the UK to leave the EU. That compares with the 16.1 million

:22:33. > :22:35.voters who backed Remain. More than 72% of eligible

:22:36. > :22:41.voters took part. In England, more than 15 million

:22:42. > :22:44.people voted for the UK In Scotland, every voting area came

:22:45. > :22:53.out in favour of Remain. 62% of Scottish voters

:22:54. > :22:55.backed Remain, with 38% In Wales,

:22:56. > :23:03.Leave won over 52% of the vote and secured the most

:23:04. > :23:05.votes in all but five In Northern Ireland,

:23:06. > :23:12.which shares a land border with the European Union,

:23:13. > :23:16.voters backed Remain, with 55% of voters choosing

:23:17. > :23:22.to remain in the EU, with 45% voting to leave it.

:23:23. > :23:26.Those are the big numbers. We will have all the reaction

:23:27. > :23:29.from Westminster, the City and from Europe, but first,

:23:30. > :23:31.our political correspondent Carole Walker reports

:23:32. > :23:39.on dramatic events so far. The people have voted

:23:40. > :23:42.for a new destiny for Britain. This means that the UK has voted

:23:43. > :23:53.to leave the European Union. A decision few predicted

:23:54. > :23:56.at the start of this campaign. A decision which has forced

:23:57. > :23:59.the Prime Minister out of office. There was no hiding the emotion

:24:00. > :24:01.of David Cameron, with his wife Samantha, emerged

:24:02. > :24:03.in Downing Street. The British people have voted

:24:04. > :24:05.to leave the European Union He had fought and lost

:24:06. > :24:09.the battle to persuade the country to stay

:24:10. > :24:13.in the European Union. I fought this campaign

:24:14. > :24:18.in the only way I know how, which is to say directly and

:24:19. > :24:23.passionately what I think and feel, head, heart and soul.

:24:24. > :24:27.I held nothing back. But the British people have made

:24:28. > :24:31.a very clear decision to take a different path and as such I think

:24:32. > :24:34.the country requires fresh leadership to take it

:24:35. > :24:39.in this direction. I will do everything I

:24:40. > :24:42.can as Prime Minister to steady the ship over the coming weeks and

:24:43. > :24:46.months, but I do not think it would be right

:24:47. > :24:48.for me to try to be the captain that steers our country

:24:49. > :24:53.to its next destination. From the moment the results started

:24:54. > :24:56.coming in just after midnight, The total number of votes cast

:24:57. > :25:03.in favour of Leave was 82,000... By the end of the night,

:25:04. > :25:09.Leave had won a clean sweep across the North of England, the Midlands,

:25:10. > :25:13.the East and West of England. London was the only

:25:14. > :25:15.region of England to support remaining

:25:16. > :25:21.a member of the EU. The results in Flintshire reflected

:25:22. > :25:24.the outcome across Wales, But Northern Ireland voted

:25:25. > :25:32.to remain in the EU. Sinn Fein said it intensifies

:25:33. > :25:34.the case for a vote on whether Northern Ireland should

:25:35. > :25:37.leave the United Kingdom. And Scotland, as expected,

:25:38. > :25:40.voted by a clear majority Scotland's First Minister said

:25:41. > :25:44.it was democratically to be taken out of EU

:25:45. > :25:50.against its will. Scotland does now

:25:51. > :25:53.face that prospect. It is a significant and material

:25:54. > :25:56.change in circumstances and it is therefore a statement of the

:25:57. > :26:01.obvious that the option of a second referendum must be on the table,

:26:02. > :26:06.and it is on the table. But at Westminster, jubilate Leave

:26:07. > :26:15.campaigners have been celebrating. Nigel Farage said he was thrilled

:26:16. > :26:18.that the country had decided to break free from what

:26:19. > :26:19.he called a failing, 17 million people have said we must

:26:20. > :26:27.leave the European Union. We now need a Brexit government,

:26:28. > :26:30.a government that gets on with the job, a government that

:26:31. > :26:33.begins the renegotiation of our Boris Johnson struggled

:26:34. > :26:38.through the throng at his home, then paid tribute

:26:39. > :26:43.to the Prime Minister for his bravery in giving

:26:44. > :26:47.the British people per se. I believe we now have a glorious

:26:48. > :26:49.opportunity. We can pass our laws

:26:50. > :26:51.and set our taxes entirely according to the

:26:52. > :26:54.needs of the UK economy. We can control our

:26:55. > :26:56.own borders in a way that is not discriminatory,

:26:57. > :26:58.but fair and balanced, and take the wind out of the sails

:26:59. > :27:01.of the extremists and those who would play

:27:02. > :27:11.politics with immigration. But in the City, shares plunged

:27:12. > :27:17.and the pound fell dramatically, despite all

:27:18. > :27:19.the attempts at reassurance from political leaders and the Bank

:27:20. > :27:21.of England, which promised to take whatever measures were necessary,

:27:22. > :27:23.to support the economy. And there are now questions over

:27:24. > :27:26.the future of the Labour leader, who has been blamed

:27:27. > :27:30.for a lacklustre campaign to remain in the EU, which failed to convince

:27:31. > :27:38.many Labour supporters. Clearly, there are some very

:27:39. > :27:40.difficult days ahead. The value of the pound has already

:27:41. > :27:43.fallen and there will, therefore, be job consequences

:27:44. > :27:45.as a result of this decision. The Prime Minister has resigned,

:27:46. > :27:48.can you give us a reaction? No reaction, but two senior

:27:49. > :27:50.Labour MPs have tabled a motion of no-confidence

:27:51. > :27:54.in Mr Corbyn's leadership. I think Jeremy Corbyn should resign

:27:55. > :27:58.as leader of the Labour Party. This was a test of leadership,

:27:59. > :28:03.the European referendum campaign. He started too late,

:28:04. > :28:05.he was very half-hearted in the leadership he gave

:28:06. > :28:10.to Labour under it. For Britain, for Europe,

:28:11. > :28:19.as the country embarks on a new and uncertain future outside the EU

:28:20. > :28:22.and under a different leader. Carole Walker, BBC News,

:28:23. > :28:39.Westminster. We can talk about the strategy of

:28:40. > :28:49.which will be in place over the next few months. But some fairly raw

:28:50. > :28:57.politics happening. Not just with the Conservatives. With the Labour

:28:58. > :29:08.Party, as well. We are joined by Caroline. What was your sense of the

:29:09. > :29:15.campaign which led to that result. Poor became clear is that there were

:29:16. > :29:18.not enough facts that the Remain campaign could produce on the

:29:19. > :29:25.economy and security, which they could not answer. Oh with the major

:29:26. > :29:36.cities, there are major concerns about immigration. It was a worry I

:29:37. > :29:45.have heard for some time, that many of those I represent a sense that

:29:46. > :29:49.small-town Britain is being left behind, that the establishment are

:29:50. > :29:57.not speaking the language or listening to them. That is what one

:29:58. > :30:02.at the end of the day and that is with great regret. A decisive

:30:03. > :30:09.decision has been made. We have to accept that and do as much as we can

:30:10. > :30:16.to protect living standards and jobs in the future, but there will be

:30:17. > :30:22.difficult decisions ahead. There are bumps and rocky roads which are

:30:23. > :30:32.already affecting our economy. Campaigning in those areas we are

:30:33. > :30:36.the hat traditionally been strong. A few weeks before the campaign,

:30:37. > :30:45.Labour should have been expecting something like 75% for the voting

:30:46. > :30:51.base to vote Remain, but we have come out of this with the news that

:30:52. > :30:58.perhaps only about one half of the Labour vote actually voted for

:30:59. > :31:06.Remain. It suggests that the Labour Party has failed to understand the

:31:07. > :31:11.concerns of the people. The field to address immigration. I also think

:31:12. > :31:16.Jeremy Corbyn is to take some responsibility. He sent out rather

:31:17. > :31:25.mixed messages about the European Union. It was not as positive as I

:31:26. > :31:29.would have liked. His refusal to engage in the questions about

:31:30. > :31:36.immigration, that did not help and was why we ended up feeling so badly

:31:37. > :31:40.last night. We have does that leave his position as leader? A couple of

:31:41. > :31:49.members of Parliament have already said that there should be a

:31:50. > :31:53.challenge to his leadership. I can understand why colleagues are

:31:54. > :32:02.worried. What is happening next will be not only the ramifications of

:32:03. > :32:09.this, but a new Conservative leader and perhaps a general election

:32:10. > :32:20.coming up soon. Are we ready? Could we seriously bridge the gap between

:32:21. > :32:23.those who Remain voted, those who feel the party is great under Jeremy

:32:24. > :32:30.Corbyn and those who have drifted away. My worry is that we cannot

:32:31. > :32:38.bridge that gap. We need to fill the gap in the Labour heartlands. It is

:32:39. > :32:45.about recognising fear of failure. It is about stepping up and

:32:46. > :32:50.explaining that, acknowledging what we have done wrong and moving on. We

:32:51. > :32:58.need to have that discussion on Monday. This will be based on the

:32:59. > :33:06.leadership of Jeremy Corbyn so far, the prospect of getting the sort of

:33:07. > :33:09.genes you think is needed? Some supporters are getting rather angry

:33:10. > :33:14.that I am even talking to you about this at all. They are being very

:33:15. > :33:20.critical on social media. What are the prospects of the sort of change

:33:21. > :33:27.you would like to see? The Labour Party, we exist to win elections to

:33:28. > :33:34.do great things in our communities around the country. We need to

:33:35. > :33:37.bridge the gap between the Metropolitan Labour Party members

:33:38. > :33:47.and those in the communities that are more working-class, weight, but

:33:48. > :33:53.maybe people who have more of the labour attitude, rather than a

:33:54. > :33:59.socialist attitude. When we bridge the gap, we win elections. I know

:34:00. > :34:06.people do not like I was talking about it. But if we cannot talk

:34:07. > :34:11.about it, in this big test will recover gone wrong, when do we

:34:12. > :34:16.actually have that conversation? I do not want others to find that we

:34:17. > :34:21.draw into another election whether it is in six months or four years'

:34:22. > :34:26.time, not realising what the problem is and how we bridge the gap. I

:34:27. > :34:32.think it is about straightforward, honest politics. That is a bit weird

:34:33. > :34:38.we need to go. I would talk those many Labour voters who did not

:34:39. > :34:48.Remain vote last night, if they do not feel Labour are getting out the

:34:49. > :34:52.and acknowledging the feelings, that is part of the problem. We need to

:34:53. > :35:04.get that part of the relationship rate. I am for the Labour Party and

:35:05. > :35:09.not for any individuals. I have this either Jeremy Corbyn was great when

:35:10. > :35:13.he came to my constituency. But at the moment, his leadership does not

:35:14. > :35:20.seem to be reaching out to the labour heartlands. These are the

:35:21. > :35:32.places we need to rely on to win a general election. In effect, you are

:35:33. > :35:39.seeing you need another leader? We had similar problems under the last

:35:40. > :35:46.leadership. I want the Labour leader to step up and realise that we are

:35:47. > :35:51.not connecting. If he has got something to say about how we will

:35:52. > :36:03.put this rate, I am very prepared to listen. Thank you for joining us. We

:36:04. > :36:15.will get a reaction from our political correspondent. E update on

:36:16. > :36:20.the financial markets first. We will take you straight to the board. It

:36:21. > :36:39.is the first hour of trading in New York. You can see the index the is

:36:40. > :36:43.down by 2%. We are already getting indications about what businesses

:36:44. > :36:54.and organisations here are contemplating next. We here in

:36:55. > :37:04.earlier about Morgan Stanley and the plan to relocate 2000 staff in the

:37:05. > :37:10.event of the Leave vote. The EC they will proceed as soon as possible

:37:11. > :37:23.with that. They are not going to wait for the United Kingdom to

:37:24. > :37:28.formally leave the European Union. We are looking at the volatility of

:37:29. > :37:33.the market. What does it mean for the United Kingdom 's place in the

:37:34. > :37:41.financial world? What are the implications? This is where the

:37:42. > :37:51.negotiations in the next trade agreement will become so important.

:37:52. > :37:56.We have an arrangement at the moment we're Rican passport goods into

:37:57. > :38:04.Europe. In two years' time, that will come to an end and we need to

:38:05. > :38:07.replace it with something else. If there are any major differences and

:38:08. > :38:15.that, it could have an impact on jobs here. Many people could just be

:38:16. > :38:21.looking at these numbers thinking, this does not affect me. When you

:38:22. > :38:31.painted in these terms, it really affect people. Absolutely. All these

:38:32. > :38:40.investments are tying up the likes of peoples and pensions. It may mean

:38:41. > :38:45.people will either to save more or have less of a pension. The

:38:46. > :38:58.volatility will play out at some point. Hopefully, we are hoping that

:38:59. > :39:09.the market will have recovered soon. The London market, also just owned

:39:10. > :39:13.by over 2.5%. -- down. We will see how things play out. There is a

:39:14. > :39:16.feeling that many investors are sitting on the sidelines, waiting to

:39:17. > :39:27.see really what happens before deciding. Our chief political

:39:28. > :39:32.correspondent is with me. This has been a momentous day, with the Prime

:39:33. > :39:36.Minister announcing his resignation. There is a lot of tension in the

:39:37. > :39:45.Labour Party as well. We have just heard that expression of grave

:39:46. > :39:50.doubts about the possibility of Jeremy Corbyn winning an election.

:39:51. > :39:56.How significant was that? Very significant. The departure of David

:39:57. > :40:01.Cameron and the promotion of a new Conservative to Prime Minister, here

:40:02. > :40:09.is an opportunity for the Labour Party. But in many of the heartland

:40:10. > :40:17.alias for them, they have had problems, with the likes of Ukip

:40:18. > :40:27.taking a large percentage of the vote. We have heard that there was a

:40:28. > :40:35.Shadow Cabinet meeting today, with the Labour Party looking at weird

:40:36. > :40:42.legal form. We know have this motion of no-confidence. It could lead to a

:40:43. > :40:46.secret ballot on Tuesday. Then we will see if there was any people

:40:47. > :40:51.willing to come forward unchallenged. They feel this was a

:40:52. > :40:55.challenge -- a chance for him to show his leadership qualities and

:40:56. > :41:02.the believe that the field to do that. The Conservative leadership

:41:03. > :41:13.campaign will shape up shortly as well. They say they want to be

:41:14. > :41:19.decided before they meet for the annual party conference. Things will

:41:20. > :41:28.begin to start fairly quickly the. But this has been a huge exercise.

:41:29. > :41:36.People have voted in the millions. This has huge implications. But no

:41:37. > :41:40.the new leader will be chosen firstly by the Conservative MPs, who

:41:41. > :41:50.will nominate two selections and then the Conservative Party

:41:51. > :41:59.membership will choose the leader. But clearly, Boris Johnson, he was

:42:00. > :42:08.very solemn today when he was talking, clearly wanting to appeal

:42:09. > :42:09.to all areas of the electorate. Coverage of the referendum will

:42:10. > :42:31.continue on the BBC News Channel. And at seven o'clock tonight, the is

:42:32. > :42:35.a special programme tonight. It is a day of momentous events. We leave

:42:36. > :42:48.you with a reminder of what has happened. At 20 minutes to five, we

:42:49. > :42:53.can now see that the decision taken in 1975 to join the Common market

:42:54. > :43:03.has been reversed by this referendum. We have decided to leave

:43:04. > :43:11.the European union. It is a victory for ordinary decent people. It is

:43:12. > :43:18.against big politics. I hope everyone is encouraged, in the face

:43:19. > :43:24.of everything they were told, the timed out and did the right thing.

:43:25. > :43:30.There will be an adjustment following this result. We will not

:43:31. > :43:39.hesitate to take any additional measures which are required. I will

:43:40. > :43:43.do everything I can to steady the ship over the coming weeks and

:43:44. > :43:49.months, but I do not think it would be great for me to be the captain

:43:50. > :43:55.that Steelers this country to its next destination. I am proud of

:43:56. > :44:00.Scotland and how we voted yesterday. We are a modern, outgoing and

:44:01. > :44:05.inclusive country. We said clearly that we did not want to leave the

:44:06. > :44:13.European Union. I believe the British people have spoken up. They

:44:14. > :44:15.have spoken up in Britain and across Europe. I am very proud of the

:44:16. > :44:40.result. You're watching a special EU

:44:41. > :44:45.referendum programme Now over to the BBC Newsroom

:44:46. > :44:49.for a summary of all the latest news After more than 40 years,

:44:50. > :44:54.the UK is to end its membership The decision has been decisive

:44:55. > :44:58.with the Leave campaign securing its victory by a margin

:44:59. > :45:02.of more than one million votes. The Prime Minister David Cameron has

:45:03. > :45:04.said he will step down and a new Prime Minister would be

:45:05. > :45:09.in place within months. In total, 17.4 million people voted

:45:10. > :45:14.for the UK to leave the EU. That compares with the 16.1 million

:45:15. > :45:18.voters who backed remain. Turnout was 72%, the highest level

:45:19. > :45:20.in a nationwide ballot As the UK woke up to the news

:45:21. > :45:30.it is to exit the European Union, Ukip's leader Nigel Farage led those

:45:31. > :45:35.in Westminster saying June 23rd should now be regarded

:45:36. > :45:41.as Britain's independence day. Those from the Remain camp described

:45:42. > :45:45.the result as a catastrophe. Supporters of Remain consoled each

:45:46. > :45:49.other as the campaign received lower than expected support across swathes

:45:50. > :45:51.of England including Speaking outside Downing Street,

:45:52. > :45:57.David Cameron said that he will resign as Prime Minister with

:45:58. > :46:03.a new leader appointed by October. I think the country requires

:46:04. > :46:05.fresh leadership to take I will do everything I can

:46:06. > :46:12.as Prime Minister to steady the ship But I do not think it would be right

:46:13. > :46:20.for me to try to be the captain that steers our country

:46:21. > :46:23.to its next destination. This is not a decision

:46:24. > :46:26.I have taken lightly. But I do believe it's

:46:27. > :46:32.in the national interest to have a period of stability and then

:46:33. > :46:35.the new leadership required. There is no need for

:46:36. > :46:37.a precise timetable today. But, in my view, we should aim

:46:38. > :46:40.to have a new Prime Minister in place by the start

:46:41. > :46:42.of the Conservative Party One of the politicians who led

:46:43. > :46:47.the campaign to Leave, the former Mayor of London,

:46:48. > :46:50.Boris Johnson paid tribute to David Cameron as "one of the most

:46:51. > :46:52.extraordinary politicians Mr Johnson also said that

:46:53. > :46:57.in the future Britain would benefit I believe we now have a glorious

:46:58. > :47:05.opportunity, we can pass our laws, and set our taxes entirely according

:47:06. > :47:11.to the needs of the UK economy. We can control our own borders

:47:12. > :47:15.in a way that is not discriminatory but fair and balanced and take

:47:16. > :47:20.the wind out of the sails of the extremists and those

:47:21. > :47:22.who would play politics More than 62% of people in Scotland

:47:23. > :47:31.voted to stay in the EU. The First Minister of Scotland,

:47:32. > :47:33.Nicola Sturgeon, says that meant the option of a second

:47:34. > :47:39.referendum was on the table. When the Article 50 process

:47:40. > :47:44.is triggered in three months' time, the UK will be on a two-year path

:47:45. > :47:49.to the EU exit door. If Parliament judges a second

:47:50. > :47:53.referendum is the best or only way to protect our place in Europe,

:47:54. > :47:56.it must have the option to hold one That means we must act now

:47:57. > :48:08.to protect that position. I can therefore confirm today that

:48:09. > :48:10.in order to protect that position, we will begin to prepare

:48:11. > :48:13.the legislation that is required to enable a new independence

:48:14. > :48:15.referendum to take place The political ramifications

:48:16. > :48:21.have extended to the Two of its MPs have

:48:22. > :48:25.submitted a motion of no Jeremy Corbyn is criticised

:48:26. > :48:29.for his handling of his handling of the referendum campaign

:48:30. > :48:33.by Margaret Hodge and Ann Coffey. They've written to the Chairman

:48:34. > :48:37.of the Parliamentary Labour Party. Their motion has no formal force,

:48:38. > :48:40.but it calls for a discussion at If accepted, it would be

:48:41. > :48:46.followed by a secret ballot It comes as Jeremy Corbyn pulled out

:48:47. > :49:10.of a planned appearance Let's go back to few in Westminster

:49:11. > :49:14.for the latest developments. Joanna, thanks very much and we will see

:49:15. > :49:20.later on. Lots for us to discuss over the next hour or so. Not least

:49:21. > :49:23.the fact of course the size of this decision, the scale of the extent of

:49:24. > :49:27.the decision is still something people are trying to take on board

:49:28. > :49:31.and grapple with the various elements of it. But that grappling

:49:32. > :49:34.is not just limited to the UK and there's lots of grappling going on,

:49:35. > :49:39.too, in the rest of the European Union. In Brussels notably whether

:49:40. > :49:43.European Commission is based, where they are trying to think through the

:49:44. > :49:48.next stages of what could be a lengthy and turbulence process where

:49:49. > :49:52.the UK tries to untangle itself in so many ways from its 40-year-old

:49:53. > :50:00.relationship with the European Union. Let's join Matthew in

:50:01. > :50:04.Brussels. You're absolutely right, those are the issues that grappling

:50:05. > :50:09.with here. They are shell-shocked in Brussels. It's been described as a

:50:10. > :50:12.catastrophe, unthinkable that the unthinkable has happened so let's

:50:13. > :50:23.get reaction from two MEPs who are here. Rebecca, German MEP and Laura,

:50:24. > :50:33.an Italian MEP. To both of you, your thoughts on this momentous day? For

:50:34. > :50:38.me, it's a very sad day. I think it's a wrong decision but I can't

:50:39. > :50:44.change it. I have to accept it. And for the European Union, for the rest

:50:45. > :50:49.of the 27 member states, we might have to learn some lessons from

:50:50. > :50:54.this. I will come back to that in a moment but your snapshot thought?

:50:55. > :50:59.Absolutely, we have two important results from this referendum. The

:51:00. > :51:06.first is, for the first time, the possibility to show their position

:51:07. > :51:10.about the EU, and second, we absolutely have to change. This kind

:51:11. > :51:18.of Europe has to change because without any change, its destiny is

:51:19. > :51:23.to die very quickly. It's not just Britain but a fundamental disconnect

:51:24. > :51:27.between ordinary people and the bureaucrats in the buildings behind

:51:28. > :51:31.you. Exactly, a lot of citizens coming from many member states who

:51:32. > :51:36.absolutely don't appreciate the European policies. A lot of citizens

:51:37. > :51:42.are not happy with this Europe, where there is no union, and

:51:43. > :51:46.Jean-Claude Juncker already said we need more union, we need to be

:51:47. > :51:53.closer to citizens and protect them. We need to change very quickly. In

:51:54. > :51:58.terms of what happens now, there are two schools of thought in these

:51:59. > :52:03.corridors in these buildings because one school of thought that once

:52:04. > :52:06.basically negotiations to get going straightaway, others who are saying,

:52:07. > :52:11.hang on, we don't need to do anything hastily. I was surprised

:52:12. > :52:20.that mainly people like Boris Johnson in the UK now want to have a

:52:21. > :52:25.slow motion process for the Leave. I was very surprised, and may be like

:52:26. > :52:31.Nigel Farage rediscovers they promised a lot of money and they

:52:32. > :52:35.don't know where to take it from, always in the media, we all learn

:52:36. > :52:47.together that in the campaign, it's all talk. You sound angry. I'm not

:52:48. > :52:51.only angry against these populist anti-European moods, I'm also

:52:52. > :52:57.disappointed on myself and people like me who obviously, in the UK,

:52:58. > :53:05.could not frame the campaign for the European Union and theirs is a task

:53:06. > :53:09.I see ahead because I think the European Union is a great

:53:10. > :53:15.achievement. I agree we need change but it is the best achievement on

:53:16. > :53:19.this continent ever. Before we came on you were telling me you thought

:53:20. > :53:23.David Cameron had a moral obligation to come here and start those

:53:24. > :53:31.negotiations now. Explain why you think a moral obligation to do that.

:53:32. > :53:35.I think now, on both sides, we must make sure that we have a proper

:53:36. > :53:44.process. The EU is not really in favour of a a kind of punishment

:53:45. > :53:51.process against the British zones, but I want a proper process and it

:53:52. > :53:56.should start now and not be a burden for the whole of the EU -- British

:53:57. > :54:03.citizens. Mr Cameron is today one of the victims of the vote. But he is

:54:04. > :54:07.the victim of the ghosts he has called, he got a lot of support by

:54:08. > :54:11.the European leaders before he opened the campaign, and now he has

:54:12. > :54:16.also to show a bit of respect to the European leaders. Laura, briefly and

:54:17. > :54:24.finally, immigration played a central role in this campaign. In

:54:25. > :54:27.terms of the negotiations ahead, can the EU accept any sort of

:54:28. > :54:35.restrictions on the freedom of movement? The UK had already, before

:54:36. > :54:47.this referendum, had a special position because they shared

:54:48. > :54:53.immigration policies, opt in or opt out. With the agreement, between

:54:54. > :55:07.Cameron and European Union, there were also benefits for European

:55:08. > :55:15.migrants. I don't know if the UK can get more than this kind of

:55:16. > :55:24.agreement. Jean-Claude Juncker set out it out and all that we can

:55:25. > :55:31.get... Laura, thank you very much. Of course, those are the issues.

:55:32. > :55:37.There's so much to actually no one knows who can do the timeline. Those

:55:38. > :55:40.are the issues. 20 more reaction coming up in a little while. Back to

:55:41. > :55:44.you. Thank you. The question here is how will the result change the rest

:55:45. > :55:48.of the legal relationship? Clive Coleman has been looking at this in

:55:49. > :55:54.great detail. We discussed earlier this business about Article 50, the

:55:55. > :55:57.kind of main method of getting out, according to the Lisbon Treaty but

:55:58. > :56:02.there is another view which is it a go back to 1972, and the legislation

:56:03. > :56:06.passed by Edward Heath, if you get read about, everything else falls

:56:07. > :56:12.into place. Some people subscribed to that. One reason why that is

:56:13. > :56:16.valid, Parliament is sovereign. There was a lot of talk in a

:56:17. > :56:23.referendum about how Parliamentary sovereignty had been eroded. We

:56:24. > :56:25.conceded some sovereignty in 1972 but retained Parliamentary

:56:26. > :56:29.sovereignty because Parliament has the right to create any law and can

:56:30. > :56:34.repeal any law so it could repeal the 1972 act. The problem with that

:56:35. > :56:39.as that would be to rip up our obligations under the Lisbon Treaty.

:56:40. > :56:43.It would be adding insult to injury to say to the EU, we are leaving and

:56:44. > :56:47.by the way, we're going to ignore the mechanism we signed up to which

:56:48. > :56:53.sets out a way in which we can leave the EU. Although that is possible, I

:56:54. > :56:59.think it's unlikely. There was a question sent to me on social media

:57:00. > :57:03.saying, after your last chat, Clive was saying, you have a two-year

:57:04. > :57:08.window and this Article 50 to sort out a basic framework for leaving,

:57:09. > :57:13.it is he saying that it could then take many years to sort out lots of

:57:14. > :57:20.other details? Actually, is it two years, ten years? What I'm saying is

:57:21. > :57:26.the clock starts ticking when the Prime Minister gives notification

:57:27. > :57:30.that the EU, the UK is intending to leave the EU and any other two-year

:57:31. > :57:34.window to do the basic divorce deal. If, within that time, you can do the

:57:35. > :57:38.trade deal, the movement of people deal, everyone would be delighted

:57:39. > :57:43.but let's bear in mind trade deals in the past have taken decades to

:57:44. > :57:46.complete so the idea that will be done within the two-year window I

:57:47. > :57:52.suspect is very, very optimistic indeed. I think that the chances of

:57:53. > :57:56.that are very slim. I would love to be wrong about that because I think

:57:57. > :58:00.it's another body 's interest is all about is rolled into one package,

:58:01. > :58:06.and sorted out at the same time that the chances are relatively slim, I

:58:07. > :58:10.think. A final point. To what extent will depend not just on the keenness

:58:11. > :58:17.here to get a deal but on goodwill as well, given these circumstances,

:58:18. > :58:22.from the other member states? It could take the view that it really

:58:23. > :58:27.wants to make an example of the UK to ensure that there is not another

:58:28. > :58:32.referendum in another member state to keep the EU together and do a

:58:33. > :58:36.very tough deal. On the other hand, could take the view the world is in

:58:37. > :58:40.a mess, the EU is in a bit of a mess, and let Binder the UK is

:58:41. > :58:43.closely to the EU as we can bearing in mind it's left. That and let

:58:44. > :59:02.Binder the UK. -- let's thank you. So political reaction

:59:03. > :59:07.continuing to come through. We were talking to Caroline Flint about

:59:08. > :59:11.Labour's own response to this but of course there has been lots of

:59:12. > :59:16.reaction within the Conservative Party and elsewhere, notably in

:59:17. > :59:16.Scotland, on the issue of a possible second referendum on independence,

:59:17. > :59:20.so let's have more reaction. Let's go to College Green

:59:21. > :59:28.at reaction. Left but the Labour Party

:59:29. > :59:33.specifically because it had some development on that. Ian Watson has

:59:34. > :59:39.joined me. We've been talking about the no-confidence motion in Jeremy

:59:40. > :59:42.Corbyn. What's the latest? We could have a Labour leadership contest by

:59:43. > :59:45.next Wednesday. There are some caveats but certainly from the point

:59:46. > :59:50.of view of those who believe the party can't win and Jeremy Corbyn,

:59:51. > :59:57.this is the plan for the we've had the letter, the letter, the motion

:59:58. > :00:00.of no-confidence. I'm told it's likely to go to a secret ballot of

:00:01. > :00:05.MPs on Tuesday. They would then vote on whether they have confidence in

:00:06. > :00:10.Jeremy Corbyn. That would only be in advisory vote. Some MPs are saying a

:00:11. > :00:12.majority will go for it and some expected to be overwhelming and if

:00:13. > :00:17.that's the case, a number of options. They would hope Jeremy

:00:18. > :00:21.Corbyn would simply resign. If he doesn't, and a range of weapons are

:00:22. > :00:24.being assembled to try to force him out. One weapon would be on the

:00:25. > :00:30.Wednesday, if he has not gone, someone else, would then declare

:00:31. > :00:37.themselves, possibly Margaret Hodge herself. They would then unlock the

:00:38. > :00:40.contest and charge head-on and other people reluctant to stand on the

:00:41. > :00:44.sidelines, who could be serious candidates, could then join the fray

:00:45. > :00:51.and tried to oust the Jeremy Corbyn. Another scenario is, this is going

:00:52. > :00:56.to be bloody, brutal, but what we need to do is put some backbone into

:00:57. > :01:00.the Shadow Cabinet members. For example, if you were to ignore a

:01:01. > :01:04.motion of no confidence, then you could season shadow cabinets

:01:05. > :01:10.resignations to force his hand. The other scenario is he does a John

:01:11. > :01:14.Major, puts up and shut up and cause a leadership contest himself but

:01:15. > :01:17.whichever way you look at it, we expect some movement by Wednesday

:01:18. > :01:24.next week. Aside from the stalking horse candidate, are you getting the

:01:25. > :01:28.sense there is genuine people who think, given what the nation is

:01:29. > :01:32.woken up to today, this is absolutely time to oust him and

:01:33. > :01:38.there will be a serious challenge? What names are people talking about?

:01:39. > :01:42.At this stage, we should do the caveats quickly. First is that

:01:43. > :01:46.there's still some doubt as to whether it's the right time to

:01:47. > :01:49.challenge, amongst a series people in the Shadow Cabinet who are not

:01:50. > :01:56.Jeremy Corbyn supporters. They think, if he wins again, there was a

:01:57. > :01:59.time in which the focus could be on the Conservative Party and their

:02:00. > :02:03.difficulties. Labour whips itself apart and they still end up with

:02:04. > :02:07.Jeremy Corbyn. Another senior figure in the Shadow Cabinet said to me if

:02:08. > :02:11.there's an election, and we lose, we may as losing the Jeremy Corbyn so

:02:12. > :02:16.there may not necessarily join with the and resign as anticipated. They

:02:17. > :02:19.could decide this is not quite the right time but there will be is in

:02:20. > :02:24.serious discussions and the general consensus seems to be that only

:02:25. > :02:27.people on the soft left the Labour Party, not the old Blairites, could

:02:28. > :02:32.stand a chance against him or someone in his mould, people like

:02:33. > :02:37.Angela Neagle, Hilary Benn, and if you could be persuaded, although he

:02:38. > :02:40.is the least persuadable, the Deputy Leader Tom Watson who had a mandate

:02:41. > :02:47.of his own, democratically elected at the same time as Jeremy Corbyn.

:02:48. > :02:53.Ian, for now, thank you very much. We will keep an eye on that and we

:02:54. > :02:56.will have much more from here on the green all afternoon. I have never

:02:57. > :03:05.seen it so busy, so plenty more to come from here. Whew. Jane, indeed,

:03:06. > :03:09.it is extremely busy. That reflects the fact that there is intense

:03:10. > :03:12.interest not just in the UK but worldwide. When I passed there

:03:13. > :03:16.earlier, there were journalists from all over the world following the

:03:17. > :03:19.story today. It's dominating headlines across the world because

:03:20. > :03:24.the decision taken by British voters overnight of course is a position of

:03:25. > :03:27.seismic important in the UK but it would be mad to pretend it is not

:03:28. > :03:33.have a big impact as well in other parts of Europe and the EU itself

:03:34. > :03:36.and indeed in other parts of the world. A lot of interest in what's

:03:37. > :03:42.going on. Because of the importance of the decision taken. The intensity

:03:43. > :03:47.of the scrutiny of course is a cute in Scotland where Nicola Sturgeon

:03:48. > :03:51.the First Minister gave a statement earlier saying that possible second

:03:52. > :03:57.referendum on independence is very much back on the table given that

:03:58. > :04:03.the Scots voted decisively last night to stay in the European Union.

:04:04. > :04:08.It was a big Remain vote in Scotland so let's join Gavin in Edinburgh.

:04:09. > :04:12.Everybody agrees that this has been a game changer. The problem is you

:04:13. > :04:16.just been hearing in the Labour Party, we know what's going on in

:04:17. > :04:19.the Conservative Party and the European politics, too, but no one

:04:20. > :04:22.is quite clear what game is being changed, the game is all up for

:04:23. > :04:26.grabs in so many ways and I'm joined for his thought by will he Rennie,

:04:27. > :04:31.the leader of the Lib Dems in Scotland. What you think will happen

:04:32. > :04:36.in the next few days but Italy and Scotland? This is a traumatic

:04:37. > :04:43.decision. We all agree on that. It's made a significant changed the way

:04:44. > :04:49.the of politics works. Business, trade, jobs, security, environment,

:04:50. > :04:52.all these issues have been affected so I'm so gutted and frustrated by

:04:53. > :04:57.what happened. What we need to do now with the period of stability.

:04:58. > :05:02.And safety, so we can consider not having to rush into big decisions,

:05:03. > :05:07.we need a period of consideration, so we can track for the future in a

:05:08. > :05:11.safe and secure way because, just now, everything is up in the air. As

:05:12. > :05:16.the First Minister Nicola Sturgeon prodded, Scotland is being ejected

:05:17. > :05:21.from the European Union against its will, and she says there are a

:05:22. > :05:24.number of people who voted no in an independence referendum last time

:05:25. > :05:28.who would vote yes if the independence referendum were to be

:05:29. > :05:32.held now. Is she right? That's exactly the kind of thing I'm

:05:33. > :05:34.worried about full top she's rushing headlong towards another

:05:35. > :05:40.constitutional debate. What we need just now is a period of

:05:41. > :05:45.consideration. To look at how we can rebuild the relationship with our

:05:46. > :05:50.neighbours in the EU, so we can maintain those treaties, those

:05:51. > :05:52.opportunities for growth. For science and universities, the

:05:53. > :05:56.environment, all these things, incredibly important. Let's not rush

:05:57. > :06:01.into all these constitutional debates which could mount more chaos

:06:02. > :06:05.on to the already chaos we already have. But people who voted for you

:06:06. > :06:11.in the past, voted for you because you are a strong pro-European. If

:06:12. > :06:14.the choice now is to perhaps stay in Europe, however it refashioned over

:06:15. > :06:20.the next couple of years, or stay in the UK, what would you do? I reject

:06:21. > :06:25.that pessimistic outlook. I think we can rebuild the relationship. If you

:06:26. > :06:29.look at London, Scotland, various other parts of the UK, it was only a

:06:30. > :06:36.small margin. In favour of leaving the EU. There's clearly a mandate

:06:37. > :06:40.for. Of course, but what we need to do was fully understand what has

:06:41. > :06:45.been expressed because the calamitous effects have already been

:06:46. > :06:49.felt. Look at the impact on the banks, on the stock market, on the

:06:50. > :06:53.currency, these are dramatic impact and it's only just the beginning. We

:06:54. > :06:59.need to fully understand that before we rush to any other changes. We are

:07:00. > :07:01.seeing for example the decapitation of a Conservative Party, we the

:07:02. > :07:05.Prime Minister will leave his job and a couple of months. We may be

:07:06. > :07:11.seeing similar problems within a few days within the Labour Party. Do you

:07:12. > :07:17.blame either David Cameron or Jeremy Corbyn for what's happened? I will

:07:18. > :07:21.never forget either of them for the the insipid support for the European

:07:22. > :07:25.Union by Jeremy Corbyn, and that was dreadful, his inability to explain

:07:26. > :07:27.with any passion about the benefits of the European Union and there are

:07:28. > :07:32.clear benefits even if he doesn't like every single part of it, he was

:07:33. > :07:36.unable to do that. That was terrible. Secondly, David Cameron, a

:07:37. > :07:41.divided party, he put his party first before the country, now

:07:42. > :07:45.risking the economy, and the United Kingdom? That is a terrible record

:07:46. > :07:49.for the Conservative Party that claims to be strong defenders of

:07:50. > :07:54.both. I think both parties should be ashamed of what has happened and

:07:55. > :07:58.they need to reflect on the behaviour in the last few weeks. As

:07:59. > :08:00.a pro-European, I am gutted by what's happened and I will do

:08:01. > :08:05.everything I possibly can to make sure we can mitigate the effects of

:08:06. > :08:08.this decision but they are severe and we need to take time to fully

:08:09. > :08:14.contemplate exactly what has happened. Thank you. In terms of

:08:15. > :08:17.time, what we do know is that the Scottish Cabinet will meet here in

:08:18. > :08:20.Edinburgh tomorrow. We expect a statement from Nicola Sturgeon after

:08:21. > :08:24.that and we expect a further statement on Tuesday to the full

:08:25. > :08:30.Holyrood parliament full top where we go from there, frankly is

:08:31. > :08:38.anyone's guess. Back to you. Indeed, Gavin. Thank you. We will have some

:08:39. > :08:41.reaction from Wales and a second but let's have a look and what's going

:08:42. > :08:49.on in Washington right now. There is an event under the auspices of the

:08:50. > :08:52.International Monetary Fund. At least Christine Lagarde, the head of

:08:53. > :09:00.the International Monetary Fund, is taking part in this event. It is the

:09:01. > :09:05.central banking lecture. It's one of those annual event in Washington,

:09:06. > :09:12.but as soon she turns up, we are expecting her to say something about

:09:13. > :09:15.the outcome of this UK referendum. She has apparently repaired

:09:16. > :09:18.something to say and that of course will be of prime importance and

:09:19. > :09:23.interest to us because we've already had the statement from Mark Carney

:09:24. > :09:28.from the Bank of England trying to settle a market earlier today,

:09:29. > :09:32.telling us the provisional plans are in place, contingency plans, are

:09:33. > :09:38.comprehensive and solid. And he went through some of those and mentioned

:09:39. > :09:44.some of the extra liquidity available for the market and for the

:09:45. > :09:47.financial institutions. Let's compare that with what Christine

:09:48. > :09:53.Lagarde seven a few moments. As soon as she turns up, we'll be back for

:09:54. > :09:59.that. A quick word with my colleague Thomas in Cardiff. It Christine

:10:00. > :10:05.Lagarde turns up, forgive me, I will cut away to see what you said but a

:10:06. > :10:10.sense from you at this point, of the appeal Carwyn Jones made earlier

:10:11. > :10:14.today about a luck again after the funding formalin for Wales, the

:10:15. > :10:16.Barnett Formula, he clearly wanted to be revisited in these

:10:17. > :10:22.circumstances. The problem I suppose is the Barnett Formula as currently

:10:23. > :10:25.constituted is not one the Scots for example want to see tampered with in

:10:26. > :10:28.anyway so how does he get around that? He will continue those

:10:29. > :10:33.discussions on Monday when he speaks to ministers and assembly members in

:10:34. > :10:39.Cardiff. It will be a big issue for Wales because Wales benefits greatly

:10:40. > :10:45.from EU funding. We've had about ?4 billion since 2000 because there are

:10:46. > :10:49.areas in Wales some of the poorest in the EU, and ironically, some of

:10:50. > :10:58.those areas are the ones which voted to leave the referendum. Merthyr

:10:59. > :11:01.Tydfil, etc, traditional Labour heartlands and labour, Plaid Cymru

:11:02. > :11:07.and Lib Dems in Wales all voted and tried to keep with the Remain camper

:11:08. > :11:13.but it obviously failed in Wales. Some have criticised the Remain posh

:11:14. > :11:18.in Wales, similar to the criticism against Jeremy Corbyn in London,

:11:19. > :11:23.saying they should have acted stronger to persuade people in Wales

:11:24. > :11:27.to remain in the EU, because we benefit so much from EU funding. Of

:11:28. > :11:32.course, maybe some will say actually, after the assembly

:11:33. > :11:37.elections, back in May, seven Ukip members were voted in, maybe it

:11:38. > :11:40.showed some consciousness of what the people were thinking in terms of

:11:41. > :11:45.the EU referendum which came up over the last few days so really, Carwyn

:11:46. > :11:48.Jones will have a fight on his hands to renegotiate that Barnett Formula

:11:49. > :11:54.because the rest of the UK obviously won't want the same thing to happen

:11:55. > :11:59.to them. Thanks for the update in Cardiff Bay. Mentioning some strong

:12:00. > :12:04.pockets of Ukip support in the assembly elections in Wales just a

:12:05. > :12:10.few months ago. Of course, we saw them the kind of echo of that if you

:12:11. > :12:13.like in very strong Leave votes in some of those South Wales

:12:14. > :12:21.constituencies traditionally big Labour strongholds. Caerphilly and

:12:22. > :12:27.Ebbw Vale. So now, the pattern very much replicated in this referendum.

:12:28. > :12:33.Let's talk about those strong pockets of Leave support and go to

:12:34. > :12:40.our pocket in England which is Wisbech in Cambridge. More than 70%

:12:41. > :12:47.voted for the leave campaign. Robert Hall is there with the latest for

:12:48. > :12:50.us. Yes, this was once a prosperous river port, and many here argue its

:12:51. > :12:56.character has been changed particularly in recent years.

:12:57. > :13:00.Something like 20%, 30% of the population here is now from Eastern

:13:01. > :13:03.Europe. If you walk to the market, as I did this money, you will hear

:13:04. > :13:08.Polish and Lithuanian and Latvian being spoken for the a lot of people

:13:09. > :13:14.have been here a long time and said businesses. Other others I hear

:13:15. > :13:18.part-time workers, agricultural work or in the food processing factories

:13:19. > :13:22.but they are a strong presence. There is no doubt, talking to

:13:23. > :13:25.people, the level of migration, the speed at which the population has

:13:26. > :13:29.increased and the numbers of Eastern European is particularly coming in

:13:30. > :13:34.have unsettled people and that has led them to go for the Leave

:13:35. > :13:39.Campaign, the Brexit about. There were a lot of smiles here but it's a

:13:40. > :13:42.divided time, in many ways, and integration has been difficult

:13:43. > :13:46.because of the way the population has increased and the numbers

:13:47. > :13:51.involved. Some people said those numbers have helped to boost the

:13:52. > :13:56.local economy and others Saint no, we can't cope, the schools, health

:13:57. > :13:59.service jobs, it's very difficult. I'm being joined by a gentleman

:14:00. > :14:07.whose name I don't even know because he's come to join me. Colin, you

:14:08. > :14:11.were a Leave voter? And talk about the way the population has increased

:14:12. > :14:17.way it played here. That's the nub of things, isn't it? It certainly is

:14:18. > :14:21.in Wisbech and internationally, I think, as well. To me, it's about

:14:22. > :14:27.numbers, sheer numbers and facilities can't cope, locally. They

:14:28. > :14:31.are here to work the majority are hard-working, paying tax, but

:14:32. > :14:36.nationally, I think we have a problem for the I don't think our

:14:37. > :14:39.services can cope. It's all about control, for me. You woke up this

:14:40. > :14:43.morning and saw that result and I guess it brought a smile to your

:14:44. > :14:49.face. I was surprised, to be honest. Are you concerned about the

:14:50. > :14:54.consequences? I have to go. We have a press conference starting. Thank

:14:55. > :15:02.you. Straight Washington, DC and Christine Lagarde.

:15:03. > :15:14.The British people have spoken earlier decision has be respected.

:15:15. > :15:22.There will be a change in the relationship between the United

:15:23. > :15:33.Kingdom and the European Union. We hope the transition will be made as

:15:34. > :15:44.smoothly and as soon as possible. We will be talking to the ECB end a

:15:45. > :16:00.week to prevent volatility and to offer support. IMF The goal also be

:16:01. > :16:14.looking to also read the solidity of the economy. Many of you knew the

:16:15. > :16:21.longest standing manager of IMF the. She is speaking in Washington,

:16:22. > :16:26.giving a lecture. She mentioned the vote in the United Kingdom rate at

:16:27. > :16:32.the start. She said it was very important that there was clarity of

:16:33. > :16:38.the renegotiation process in the weeks and months ahead. She

:16:39. > :16:49.mentioned the measures taken by the bank of England and the ECB, to

:16:50. > :16:56.support the financial situation. She said that everyone had to work

:16:57. > :16:58.together to make sure that after such an important democratic

:16:59. > :17:07.decision in the United Kingdom, which she set out to be respected. A

:17:08. > :17:19.very important figure in terms of world finance. Respecting the

:17:20. > :17:24.result. But seeing that the smooth process and the clarity of

:17:25. > :17:28.negotiation needed to come quickly and it was absolutely vital, not

:17:29. > :17:37.just for the United Kingdom or the European Union, but for the

:17:38. > :17:46.stability of the global economy. We are broadcasting all the reaction

:17:47. > :17:54.around the world. The relationship between Britain and the European

:17:55. > :18:00.Union is to be cut. Back in 1973, the initial decision to join the

:18:01. > :18:12.European economic community. That relationship is know to be ended. We

:18:13. > :18:15.have now secured -- the campaign to leave the European Union succeeded

:18:16. > :18:18.by getting just over 17 million votes.

:18:19. > :18:21.That compares with the 16.1 million voters who backed Remain.

:18:22. > :18:23.More than 72% of eligible voters took part.

:18:24. > :18:25.In England, more than 15 million people voted for the UK

:18:26. > :18:34.In Scotland, every voting area came out in favour of Remain.

:18:35. > :18:39.62% of Scottish voters backed Remain, with 38%

:18:40. > :18:45.In Wales, Leave won over 52% of the vote

:18:46. > :18:50.and secured the most votes in all but five

:18:51. > :19:02.In Northern Ireland, which shares a land border

:19:03. > :19:08.with the European Union, voters backed Remain,

:19:09. > :19:10.with 55% of voters choosing to remain in the EU,

:19:11. > :19:15.with 45% voting to leave it. Those are the big numbers.

:19:16. > :19:25.We will have all the reaction from Westminster, the City

:19:26. > :19:27.and from Europe, but first, our political correspondent

:19:28. > :19:36.Carole Walker reports on dramatic events so far.

:19:37. > :19:38.The people have voted for a new destiny for Britain.

:19:39. > :19:44.This means that the UK has voted to leave the European Union.

:19:45. > :19:47.A decision few predicted at the start of this campaign.

:19:48. > :19:51.A decision which has forced the Prime Minister out of office.

:19:52. > :19:53.There was no hiding the emotion of David Cameron, with his

:19:54. > :19:57.wife Samantha, emerged in Downing Street.

:19:58. > :19:59.The British people have voted to leave the European Union

:20:00. > :20:07.He had fought and lost the battle to persuade

:20:08. > :20:11.the country to stay in the European Union.

:20:12. > :20:14.I fought this campaign in the only way I know how,

:20:15. > :20:17.which is to say directly and passionately what I think and feel,

:20:18. > :20:24.head, heart and soul. I held nothing back.

:20:25. > :20:27.But the British people have made a very clear decision to take a

:20:28. > :20:30.different path and as such I think the country requires fresh

:20:31. > :20:35.leadership to take it in this direction.

:20:36. > :20:37.I will do everything I can as Prime Minister to steady

:20:38. > :20:41.the ship over the coming weeks and months, but I do not

:20:42. > :20:44.think it would be right for me to try to be

:20:45. > :20:50.the captain that steers our country to its next destination.

:20:51. > :20:53.From the moment the results started coming in just after midnight,

:20:54. > :21:00.The total number of votes cast in favour of Leave was 82,000...

:21:01. > :21:05.By the end of the night, Leave had won a clean sweep across

:21:06. > :21:10.the North of England, the Midlands, the East and West of England.

:21:11. > :21:12.London was the only region of England to

:21:13. > :21:22.support remaining a member of the EU.

:21:23. > :21:24.The results in Flintshire reflected the outcome across Wales -

:21:25. > :21:27.But Northern Ireland voted to remain in the EU.

:21:28. > :21:30.Sinn Fein said it intensifies the case for a vote

:21:31. > :21:32.on whether Northern Ireland should leave the United Kingdom.

:21:33. > :21:34.And Scotland, as expected, voted by a clear majority

:21:35. > :21:42.Scotland's First Minister said it was democratically

:21:43. > :21:46.to be taken out of EU against its will.

:21:47. > :21:48.Scotland does now face that prospect.

:21:49. > :21:50.It is a significant and material change in circumstances and

:21:51. > :21:58.it is therefore a statement of the obvious that the option of a second

:21:59. > :22:06.But at Westminster, jubilant Leave campaigners have been celebrating.

:22:07. > :22:09.Nigel Farage said he was thrilled that the country had decided to

:22:10. > :22:11.break free from what he called "a failing,

:22:12. > :22:18.17 million people have said we must leave the European Union.

:22:19. > :22:21.We now need a Brexit government, a government that gets

:22:22. > :22:24.on with the job, a government that begins the renegotiation of our

:22:25. > :22:34.Boris Johnson struggled through the throng at his home, then

:22:35. > :22:39.for his bravery in giving the British people their say.

:22:40. > :22:42.I believe we now have a glorious opportunity.

:22:43. > :22:45.We can pass our laws and set our taxes

:22:46. > :22:50.entirely according to the needs of the UK economy.

:22:51. > :22:54.We can control our own borders in a way

:22:55. > :22:57.that is not discriminatory, but fair and balanced,

:22:58. > :23:00.and take the wind out of the sails of the extremists and

:23:01. > :23:06.those who would play politics with immigration.

:23:07. > :23:09.But in the City, shares plunged and the pound fell

:23:10. > :23:11.dramatically, despite all the attempts at reassurance from

:23:12. > :23:13.political leaders and the Bank of England, which promised to take

:23:14. > :23:19.whatever measures were necessary, to support the economy.

:23:20. > :23:22.And there are now questions over the future of the Labour leader,

:23:23. > :23:24.who has been blamed for a lacklustre campaign to remain

:23:25. > :23:30.in the EU, which failed to convince many Labour supporters.

:23:31. > :23:31.Clearly, there are some very difficult days ahead.

:23:32. > :23:34.The value of the pound has already fallen and there will,

:23:35. > :23:40.therefore, be job consequences as a result of this decision.

:23:41. > :23:44.The Prime Minister has resigned. Can you give us a reaction?

:23:45. > :23:46.No reaction, but two senior Labour MPs have tabled a

:23:47. > :23:49.motion of no-confidence in Mr Corbyn's leadership.

:23:50. > :23:53.I think Jeremy Corbyn should resign as leader of the Labour Party.

:23:54. > :23:58.This was a test of leadership, the European referendum campaign.

:23:59. > :24:01.He started too late, he was very half-hearted in the

:24:02. > :24:05.leadership he gave to Labour under it.

:24:06. > :24:12.For Britain, for Europe, as the country embarks on a new and

:24:13. > :24:18.uncertain future outside the EU and under a different leader.

:24:19. > :24:30.Carole Walker, BBC News, Westminster.

:24:31. > :24:44.A sense of the reaction, which is still developing. Clearly, there is

:24:45. > :24:47.acute interest in this across the European Union, no clear more so

:24:48. > :24:49.than the Republic of Ireland. Charlie Flanagan is

:24:50. > :24:51.the Irish Minister for He joins me now from outside

:24:52. > :25:03.the Irish Parliament in Dublin. Thank you for joining us. Your

:25:04. > :25:11.response first to the European Union referendum vote? These events are

:25:12. > :25:23.seismic. There will be huge consequences and ramifications. I

:25:24. > :25:30.believe no we should look towards the consequences and the orderly

:25:31. > :25:37.withdrawal from the European Union of the United Kingdom. We have

:25:38. > :25:46.unique circumstances here. We can see it not only from the European

:25:47. > :25:54.perspective, but we are effectively an able and behind and Ireland. We

:25:55. > :26:02.have been very strong in our support for the United Kingdom to remain

:26:03. > :26:07.part of the European union. We were a small trading economy when we

:26:08. > :26:14.joined and relied very much on our exports, primarily to Great Britain.

:26:15. > :26:22.We have enjoyed a lot in common. I believe it is important that there

:26:23. > :26:28.will no be a PDA of reflection and look at avenues between Britain and

:26:29. > :26:35.Ireland to ensure the adverse effects of the United Kingdom 's

:26:36. > :26:43.withdrawal are minimised. I think it is important that serious

:26:44. > :26:49.consideration be given to the situation in Ireland, because there

:26:50. > :26:59.is potentially no key problem with the land border. The could be

:27:00. > :27:03.problems over jurisdiction. Things have been advanced considerably,

:27:04. > :27:09.with better relations between North and south and it is important that

:27:10. > :27:19.the legal framework of the agreement between Britain and Ireland, the

:27:20. > :27:23.emphasis on peace and stability across Ireland, with particular

:27:24. > :27:29.reference to the North, that be preserved, irrespective of the

:27:30. > :27:38.withdrawal of the United Kingdom from the European Union. We want to

:27:39. > :27:44.work together, work across the European capitals, to ensure that

:27:45. > :27:52.the next steps are taken. We do not want to cause any further anxiety on

:27:53. > :27:57.the part of our respective peoples. Thinking specifically of the

:27:58. > :28:04.relationship between the United Kingdom and the Republic of Ireland,

:28:05. > :28:10.what are the areas which are potentially ringing alarm bells?

:28:11. > :28:18.What will you focus on? I believe it is very important in the context of

:28:19. > :28:22.trade. We have enjoyed trade in excess of 1 billion euros per week

:28:23. > :28:26.between Great Britain and Ireland. It is important that strenuous

:28:27. > :28:36.efforts are made to protect that and to make sure it is kept that way. We

:28:37. > :28:40.want to also make sure that there is a continuing relationship between

:28:41. > :28:47.the United Kingdom and the other member states. I am particularly

:28:48. > :28:56.concerned that the situation in northern Ireland. Beer in mind that

:28:57. > :29:07.the people of Northern Ireland voted to remain in the European Union.

:29:08. > :29:09.Consequently, the withdrawal of Northern Ireland from the European

:29:10. > :29:19.Union is against the wishes of the people via and, of course, the

:29:20. > :29:25.people on the island of Ireland. Ireland will remain a fully fledged

:29:26. > :29:33.member of the European Union and the Eurozone. There has been more than

:29:34. > :29:41.one suggestion that some in Northern Ireland that there should be a

:29:42. > :29:48.referendum with regard to their own future relationship with the United

:29:49. > :29:55.Kingdom? What is your view on that? It is important that we reflect on

:29:56. > :30:02.the result fastly. We need to look at the implications across Great

:30:03. > :30:16.Britain and Northern Ireland. I hope there will be a PDA of reflection.

:30:17. > :30:19.With regard to any further referendums, in the circumstances at

:30:20. > :30:28.the moment, that would not be helpful. Thank you for joining us.

:30:29. > :30:41.The Irish Minister for foreign fears, joining us in Dublin. Some

:30:42. > :30:55.more reaction. One of the most prominent Remain campaigners was the

:30:56. > :31:00.former Prime Minister John Major. He campaigned very strongly and warned

:31:01. > :31:08.of the economic risks of leaving the European union has been very

:31:09. > :31:21.significant. No, we also have the departure of David Cameron from his

:31:22. > :31:27.job as Prime Minister. John Major was paying tribute to him earlier. I

:31:28. > :31:37.am very sad. I think he has made the right decision. I think it was very

:31:38. > :31:48.statesman-like and I thought he spoke very well. On the day he

:31:49. > :31:52.became Prime Minister, our economy was on the precipice, facing

:31:53. > :31:59.collapse. The future was fairly dire. He and George Osborne and to

:32:00. > :32:02.governors of the Bank of England brought it back from the brink and

:32:03. > :32:11.we know how one of the strongest economies in the world. You will be

:32:12. > :32:25.difficulties lying ahead. His social agenda has been very advanced. Many

:32:26. > :32:27.people did not like it. But many people will see he brought a breath

:32:28. > :32:31.of fresh year and freedom to our lives. I think he will be remembered

:32:32. > :32:35.for that. With me is our Chief Political

:32:36. > :32:47.Correspondent Vicki Young. That was his response to the

:32:48. > :32:58.statement earlier. The news of the result itself was of its own

:32:59. > :33:03.skiable. But we are talking no about the ripple effect. The situation

:33:04. > :33:09.with David Cameron, the possible effect on the Labour Party. The

:33:10. > :33:19.relationship with the rest of the European Union in the future. What

:33:20. > :33:27.will the situation be in the year. I think they will be in a state of

:33:28. > :33:31.shock. This is a huge story which will change our lives, that we be

:33:32. > :33:38.treated, the re-re- travel, that re-Beattock to the world. It will be

:33:39. > :33:42.a slow process, but it will change things dramatically. The Prime

:33:43. > :33:48.Minister was obviously very emotional. It means that the

:33:49. > :33:54.Conservative Party will have to choose their next Prime Minister.

:33:55. > :34:03.Inevitably, that will probably lead to an early general election. His

:34:04. > :34:11.key plank of staying within the European Union has been rejected.

:34:12. > :34:17.There is no also the prospect of a second independence referendum in

:34:18. > :34:26.Scotland. She said this vote changed things significantly. There are no

:34:27. > :34:33.Labour MPs also challenging the leadership of Jeremy Corbyn. That is

:34:34. > :34:40.also dramatic. There is the possibility of both an early general

:34:41. > :34:49.election and a lot of me feel that they have to use this opportunity to

:34:50. > :34:52.get rid of Jeremy Corbyn and if the is an earthquake of Douglas

:34:53. > :35:14.referendum, no one quite knows how the pieces will fall down. I have to

:35:15. > :35:28.bring the sin. -- this end. The Mayor of Calais is saying that she

:35:29. > :35:37.once the negotiation looked out once again. That of course has to do with

:35:38. > :35:47.trade and migration. People here are saying that the French have agreed

:35:48. > :35:52.that the board of the is in France. People will see why would the French

:35:53. > :35:57.on that if we decided to leave. And clearly, the Mayor of Calais as in

:35:58. > :36:05.the chillingly clear of what she thinks of that decision to leave.

:36:06. > :36:11.But on the other side, they are seeing that as the European Union

:36:12. > :36:18.decision. It has two still be honoured, even if we left. How will

:36:19. > :36:30.our European Union partners treat others in this negotiation? Will

:36:31. > :36:37.they help others? This, 41st thought, does not bode well. We have

:36:38. > :36:42.been explaining all day is that the result is so multilayered, there are

:36:43. > :36:52.so many implications and consequences. This is one, which was

:36:53. > :36:59.predictable. Many people in a general collection, when they are

:37:00. > :37:05.asked to rate the importance of issues, the European Union very

:37:06. > :37:13.really makes much of the mark. The question now is is this going to be

:37:14. > :37:17.the positive optimistic view that we are free from the shackles of this

:37:18. > :37:27.relationship and we have a huge economy that we can work with around

:37:28. > :37:33.the globe. Or will the predictions that keynote from the Chancellor

:37:34. > :37:44.before this all come true. There is a silence from number 11. George

:37:45. > :37:50.Osborne has not said anything. There is a lot of talk about him from

:37:51. > :37:58.behind the scenes. Last week, they were not happy about that budget he

:37:59. > :38:04.forecast. At this point, I think they are very keen to stabilise

:38:05. > :38:11.things within the party. Long-term, this is a man who had leadership

:38:12. > :38:18.ambitions himself, there are not many Conservative MPs today who are

:38:19. > :38:23.backing him. We believe he is speaking to the Governor of the Bank

:38:24. > :38:30.of England, monitoring the financial situation.

:38:31. > :38:33.We can go to College Green at Westminster and join

:38:34. > :38:53.Customer into both of you. We have a representative from the Scottish

:38:54. > :39:02.National party. We have just heard that news that the Mayor of Calais

:39:03. > :39:10.wants to renegotiate the treaty with regard to the border crossing. This

:39:11. > :39:19.is a long-standing treaty. This is a bilateral agreement. If it comes up

:39:20. > :39:30.for discussion, it comes up for discussion. But the French president

:39:31. > :39:38.is noticing they could potentially offer a referendum on membership of

:39:39. > :39:46.the European Union. Today is a good day for you. Does that you out of a

:39:47. > :39:52.job? It is an interesting question. But there is a position for me to

:39:53. > :39:59.make sure that this process of negotiation goes as smoothly as

:40:00. > :40:05.possible. The president of the commission is seen today it will be

:40:06. > :40:09.an orderly negotiation. We always said that the United Kingdom would

:40:10. > :40:14.continue to have a close relationship with the member

:40:15. > :40:20.countries. Know the reality is in front of us, we are seeing quite a

:40:21. > :40:27.different attitude. We are no longer at the back of the queue, in terms

:40:28. > :40:32.of America. We have had other Foreign Minister singly look forward

:40:33. > :40:44.to creating new trade deals with the United Kingdom. Even the CBI, who

:40:45. > :40:50.were previously logged in column, saying they are looking forward to

:40:51. > :40:56.the future. But this is only the one. Nothing will change from at

:40:57. > :41:07.least a couple of years, perhaps longer. The new music is very good.

:41:08. > :41:14.It is about cooperation and support. That is opposed to the fear and

:41:15. > :41:20.scaremongering of before. It is a happy Independence Day for me and

:41:21. > :41:30.the party. But even my own family are concerned. This morning, Nicola

:41:31. > :41:47.Sturgeon talking about the possibility of a second independence

:41:48. > :41:56.referendum. From day one I have said that Project Fear would not work.

:41:57. > :42:00.The people of Scotland voted overwhelmingly to remain part of the

:42:01. > :42:12.European Union. Every single local authority voted that way. Nicola

:42:13. > :42:19.Sturgeon has a very good point. This is the democratic will of the

:42:20. > :42:27.Scottish people. Ultimately, the has to be another referendum? Some of us

:42:28. > :42:33.have not been to bed since the last referendum! The Cabinet are going to

:42:34. > :42:44.meet tomorrow. The Scottish parliament will discuss it next

:42:45. > :42:48.week. When we talk about democracy, Scotland is being removed from the

:42:49. > :42:57.European Union by a government we did not vote for. I think there is a

:42:58. > :43:12.strong possibility. Thank you both for joining me. Much more reaction

:43:13. > :43:25.to come. Thank you. It is a good time to pick up on events in the

:43:26. > :43:30.City of London. The Bank of England has said they were well prepared for

:43:31. > :43:37.this eventuality. That was what we were hearing today. They see they

:43:38. > :43:43.have good liquid assets and they strong. They see they are ten times

:43:44. > :43:50.better off than they react at the financial crisis. It is a message

:43:51. > :44:05.they are trying to send out across the world. It is a message they have

:44:06. > :44:08.been sending out to the ECB and to the Federal reserve. What will

:44:09. > :44:13.happen to Stirling will be interesting. We have here is

:44:14. > :44:21.something of a drop of about eight and a half percent against the

:44:22. > :44:32.dollar. It is a 30 year low against the dollar. It really depends on how

:44:33. > :44:40.far that would have to fall. We have heard from major companies that

:44:41. > :44:48.there could be some quantitative easing is the days and weeks unfold.

:44:49. > :44:50.For more on the impact that Britain's decision will have

:44:51. > :44:53.on the remaining EU member states, let's turn to Matthew Amroliwala,

:44:54. > :45:05.Over the last 43 years, this block has grown and grown until last night

:45:06. > :45:11.and that stunning setback, the first country to choose to leave the EU.

:45:12. > :45:17.Let's speak to Europe correspondent. Still, hours later, you get a sense

:45:18. > :45:23.of complete disbelief here. Yes. This morning at 6am here, there were

:45:24. > :45:27.shock waves rippling through the place. Across that the Parliament, I

:45:28. > :45:33.was over there, the president of the Parliament was visibly shaken by the

:45:34. > :45:38.stress. He had to break off to take a call from Angela Merkel -- Angela

:45:39. > :45:44.Merkel. Through the day, she and the other EU primary leaders have closed

:45:45. > :45:47.ranks. The other 27 countries, co-ordinated messages to say that

:45:48. > :45:53.there is a process they want to follow, calm down and try to

:45:54. > :45:57.stabilise things. What happens next? They have been careful, moderate,

:45:58. > :46:00.measured in their language, but you get the sense the more you hear them

:46:01. > :46:04.speak that there is a steely determined miss underneath that

:46:05. > :46:08.about the speed of these negotiations and what they want.

:46:09. > :46:12.They say there is a legal process set out in the treaties that has to

:46:13. > :46:16.be followed. The UK side have been saying they would wait for a new

:46:17. > :46:20.Prime Minister to be in place. The indications from here are that they

:46:21. > :46:24.might well accept that, but only if it is for a few weeks, a couple of

:46:25. > :46:29.months may be, not any longer, because what they don't want here is

:46:30. > :46:34.any sort of vacuum which could let events run away with us. I think

:46:35. > :46:38.what that steeliness is is the 27 nations coming out very clearly and

:46:39. > :46:42.saying that they have their own interests as a block to preserve,

:46:43. > :46:48.and that is the unity and integrity of the union, and to protect that

:46:49. > :46:52.from any further threats. I was listening to Philip Hammond in an

:46:53. > :46:56.interview earlier and he casually used the phrase, our former EU

:46:57. > :47:00.partners, and that is what they are grappling with air. In an instant,

:47:01. > :47:08.the entire relationship has been refrained. -- grappling with here.

:47:09. > :47:13.Earlier on, Gavin Esler was talking to the leader of the Lib Dems in

:47:14. > :47:18.Scotland, Willie Rennie, after the result there, which was a contrast

:47:19. > :47:24.with England and rails -- Wales. Let's join him again. We are all

:47:25. > :47:29.familiar with the phrase Project Fear, but now project Fact. The fact

:47:30. > :47:33.is that Scotland is out of step with much of the United Kingdom, except

:47:34. > :47:42.for Northern Ireland and London. I am joined by a reporter from the

:47:43. > :47:47.Herald and Alex Massie from the Spectator and Times. What happens

:47:48. > :47:51.next? This was a calamity for unionism in Scotland. A lot of

:47:52. > :47:55.Scottish Unionists today questioning whether they could bring themselves

:47:56. > :47:59.to vote no in a subsequent referendum, if it takes place, and

:48:00. > :48:02.it looks as though it will at some point, although the terms and

:48:03. > :48:06.conditions for that remain to be determined. So much is up in the

:48:07. > :48:13.air. This is a bleak, dark day for Scottish Unionism. I have talked to

:48:14. > :48:17.a few people who voted no in 2014 independence and they echo what he

:48:18. > :48:23.says, they have changed their minds. I would be cautious about that,

:48:24. > :48:26.because the intelligentsia, yes campaigners, are saying that this

:48:27. > :48:30.will inevitably bring forwards Scottish independence, and it

:48:31. > :48:35.certainly brought it close, but it is still a difficult sell. We have

:48:36. > :48:39.had two major elections in the last two years. Having another referendum

:48:40. > :48:43.would come up against a problem of voter fatigue. I have spoken to a

:48:44. > :48:49.none of people who are saying, I'm not sure if I would vote yes in

:48:50. > :48:52.another referendum. My taxi voter said he voted yes before but he says

:48:53. > :48:56.he isn't going to vote yet again. He doesn't see why we should give up

:48:57. > :49:01.sovereignty from England and handed over to Brussels. It is much more

:49:02. > :49:05.complicated to sell than it was before. Remember, Britain will be

:49:06. > :49:08.out of the EU, but the Scottish Government's policy on independence

:49:09. > :49:13.is still to retain the pound and allow the Bank of England to

:49:14. > :49:16.determine interest rates. How much chaos do you think the political

:49:17. > :49:20.parties are in north of the border? Ruth Davidson was feisty in

:49:21. > :49:24.attacking Boris Johnson, who could be the next Tory leader, and Kezia

:49:25. > :49:30.Dugdale has to decide whether to support Jeremy Corbyn. The Scottish

:49:31. > :49:33.Labour Party has lost an empire is not found a role, and that is still

:49:34. > :49:38.the case. The real difficulty is for Ruth Davidson. Suppose that Doris

:49:39. > :49:41.Johnson becomes the leader of the Conservative Party and Prime

:49:42. > :49:45.Minister. What sort of relationship does the Scottish Tory party have

:49:46. > :49:50.with its cousin south of the border? What sort of union is it that the

:49:51. > :49:56.Scottish Tories are fighting to defend? It isn't the same union that

:49:57. > :50:00.was available 48 hours ago. It isn't all plain sailing for Nicola

:50:01. > :50:04.Sturgeon. She has people in the party who want an independence

:50:05. > :50:10.referendum in May 2017, next year. That isn't going to happen, is it?

:50:11. > :50:13.No, she is in no hurry to have an independence referendum. She has

:50:14. > :50:20.said today she is going to put the legislation for a new independence

:50:21. > :50:24.referendum before the Parliament, in preparation, assuming that we go

:50:25. > :50:28.through this Article 50 process by which the UK removes itself from

:50:29. > :50:32.Europe. But she is envisaging is another referendum at the end of

:50:33. > :50:36.that two-year negotiating period. Their calculation is that, by that

:50:37. > :50:42.stage, Scottish voters, who may be a bit fed up having referendums, will

:50:43. > :50:47.realise the future is so bleak that this is their last chance to stay in

:50:48. > :50:50.Europe and they might say, OK, press the trigger, we'll have another

:50:51. > :50:55.referendum. Thank you both very much. Tomorrow, Scottish Cabinet

:50:56. > :50:59.will be meeting. Nicola Sturgeon will be addressing the Scottish

:51:00. > :51:05.Parliament on Tuesday. Back to you. Lots of the debate has been centred

:51:06. > :51:14.on migration and, in fact, going back to the decision in 2003-4 to

:51:15. > :51:17.expand the size of the EU, and lots of focus, of course, on the number

:51:18. > :51:23.of Polish people who have come to work in the UK. With that in mind,

:51:24. > :51:27.and because Poland is a member of the EU with a very close interest in

:51:28. > :51:30.what is going on, let's talk to the Polish ambassador to the UK, Witold

:51:31. > :51:36.Sobkowguest, who is just outside Parliament. In queue joining us.

:51:37. > :51:44.Could I have your response first of all to the vote? Yes, let me tell

:51:45. > :51:47.you that we have always said that we respect any kind of democratic

:51:48. > :51:51.verdict of the British electorate, and this is what happened. Of

:51:52. > :51:58.course, we are unhappy, we regret that we will lose the UK at the

:51:59. > :52:02.table, the negotiating table, in the EU. The UK has always presented very

:52:03. > :52:10.similar views to the views of my country. So this is a loss, but we

:52:11. > :52:15.respect it. We hope now that the negotiations will be mutually

:52:16. > :52:21.beneficial, and they will also lead to the respect of the acquired

:52:22. > :52:24.rights of people from Poland who are gay, who contribute to the

:52:25. > :52:31.prosperity of people in this country. -- people from Poland who

:52:32. > :52:34.are here. You followed the campaign closely and I wonder what you made

:52:35. > :52:41.of the fact that immigration became such a dominant feature of the

:52:42. > :52:47.campaign in the closing weeks. A lot of misconceptions. The decision to

:52:48. > :52:51.open the Labour market in 2004 was excellent, because a lot of people

:52:52. > :52:59.came here to work in hospitals, for the NHS, old people's homes, rest

:53:00. > :53:04.homes, hotels, the City of London, everywhere, so they contribute to

:53:05. > :53:08.the prosperity of this country. They pay taxes. They don't miss use the

:53:09. > :53:15.system and they try to integrate as well as possible. In your contact

:53:16. > :53:19.with Polish people in the UK in the last 24 years, are you detecting

:53:20. > :53:24.that people are concerned about the outcome in terms of their own

:53:25. > :53:27.positions? I think people are very concerned, but what we tell our

:53:28. > :53:33.citizens is that, first of all, Britain was to present a letter with

:53:34. > :53:40.Article 50 explaining what Britain is going to do, how to start

:53:41. > :53:43.negotiations with the EU. -- Britain will have to present. For at least

:53:44. > :53:48.two years, Britain is going to negotiate. For at least two and half

:53:49. > :53:52.years, Britain will remain a member of the EU, so nothing is going to

:53:53. > :53:57.change. When we look at that timetable, and we have heard lots of

:53:58. > :54:01.talk today about the fact that, as you say, Article 50 has a two-year

:54:02. > :54:05.timetable, but there are lots of other things that could take longer,

:54:06. > :54:11.in your view, could this entire process take a decade? Anything is

:54:12. > :54:16.possible because we have no president. Article 50 is very clear.

:54:17. > :54:21.If there is unanimity in the EU, we can extend negotiations. If there is

:54:22. > :54:25.well on the behalf of the other members of the EU after two years,

:54:26. > :54:31.this period will be extended and negotiations will be going on, but

:54:32. > :54:36.it isn't up to me to say whether this will will be there after two

:54:37. > :54:42.years. ... The question that comes on from that is the nature of the

:54:43. > :54:45.response, if you like, from the other European member states,

:54:46. > :54:50.including Poland. To what extent will they be ready to give Britain

:54:51. > :54:56.favourable terms on trade, or favourable terms of exit? Do you

:54:57. > :55:00.think that goodwill is there or not? I think there is that goodwill

:55:01. > :55:03.because Britain may leave the European Union but it isn't leaving

:55:04. > :55:08.Europe in general. It will still be one of the major superpowers, a

:55:09. > :55:15.member of the Security Council, the G7, G20, Nato, which is very

:55:16. > :55:19.important for us. We are not losing Britain from Europe. Of course, the

:55:20. > :55:24.closest relations of the UK will be with European neighbours. We will do

:55:25. > :55:28.our best to help, but of course the Polish government will try to ensure

:55:29. > :55:32.that the interests of Poland are preserved during the negotiations,

:55:33. > :55:37.which includes the acquired rights of people who live here. But we will

:55:38. > :55:40.help as much as we can, because we are partners and allies and we share

:55:41. > :55:50.a lot of British philosophy regarding the liberal economic

:55:51. > :55:54.exchanges and the future, the importance of the sovereign state,

:55:55. > :55:58.etc. So we have a very similar philosophy. That is why we want to

:55:59. > :56:04.help. We are not losing Britain from Europe. We may lose Britain from the

:56:05. > :56:08.EU. What are your thoughts on the possibilities or, indeed,

:56:09. > :56:13.probabilities of other political movements in other European Union

:56:14. > :56:16.member states demanding a similar kind of referendum? We have seen

:56:17. > :56:20.some politicians in the Netherlands and France demanding referendums

:56:21. > :56:25.today. Do you think it is possible that what has happened in the UK

:56:26. > :56:31.could lead to similar referendums elsewhere? I hope not. We are afraid

:56:32. > :56:36.there may be a chain reaction, and politicians from the EU have always

:56:37. > :56:39.said this is a unique solution for Britain, because of extraordinary

:56:40. > :56:44.circumstances. This is a kind of sui generis solution. Let's believe that

:56:45. > :56:48.this is going to happen. It was just a solution for Britain and we are

:56:49. > :56:54.not going to have a chain reaction. This would be bad for the rest of

:56:55. > :56:59.the world, because we have so many challenges at the moment. We may

:57:00. > :57:03.have another wave of refugees. There is war raging in Syria and Ukraine.

:57:04. > :57:07.We have a lot of other challenges and we need unity and coherence of

:57:08. > :57:13.Europe, and Britain is there, it will be there, and we need the

:57:14. > :57:19.British. Mr Ambassador, thank you very much for joining us. That was

:57:20. > :57:25.Witold Sobkowguest, the Polish ambassador to the UK, giving us his

:57:26. > :57:28.response from the green outside Parliament. Let's have a bit more

:57:29. > :57:35.and how Britain First decision to withdraw from the EU will impact. --

:57:36. > :57:42.Britain's decision. I'm joined by Sophie Long from Dublin, Damien

:57:43. > :57:48.McGuinness in Berlin and Lucy Williamson in Paris. Sophie, the

:57:49. > :57:51.Foreign Minister earlier was quite clear, respecting the democratic

:57:52. > :58:00.will of the British people, but certainly underlining some concerns

:58:01. > :58:04.about the process ahead of us. Yes, I was speaking to Charlie Flanagan,

:58:05. > :58:08.the Foreign Minister, a few moments ago, and is it to him, how did you

:58:09. > :58:14.feel when you heard this news? He said he felt very sad, that this was

:58:15. > :58:18.a day of great sadness. Ireland is the only European nation which has a

:58:19. > :58:24.land border UK. Britain's decision to leave the European project will

:58:25. > :58:28.have significant implications for everyone in Ireland, but most of

:58:29. > :58:32.all, in some ways, for the people living along that border. When I

:58:33. > :58:36.asked Charlie Flanagan how he felt about the prospect potentially of a

:58:37. > :58:40.hard border coming into effect, you said it would be a nightmare. We

:58:41. > :58:46.also heard from Enda Kenny a bit earlier. He said that he was sorry

:58:47. > :58:49.about the result but that the British people had spoken and that

:58:50. > :58:54.their decision must be respected, but what he emphasised is that this

:58:55. > :58:59.now is a time for reflection, that they could consider this, because

:59:00. > :59:03.there will be two years before this comes into effect, and the main

:59:04. > :59:08.concern here, I think, is about trade. The Irish economy is growing

:59:09. > :59:12.now, but it is doing so slowly and after a difficult time, a deep

:59:13. > :59:16.recession. I think the main feeling in Dublin is that this is a time for

:59:17. > :59:20.reflection while they consider what happens next. We know that the

:59:21. > :59:26.building behind me will be recalled on Monday, so they can consider what

:59:27. > :59:29.is ahead now. Sophie, thank you for the latest in Dublin. Let's go to

:59:30. > :59:34.Berlin and talk to Damien McGuinness. We heard earlier

:59:35. > :59:37.Chancellor Angela Merkel expressing regret about this decision, but what

:59:38. > :59:42.else has been said about the prospects for the coming months? I

:59:43. > :59:47.think what is interesting here is that, on the one hand, Germany trade

:59:48. > :59:53.is an awful lot with the UK and Germany traditionally sees the UK as

:59:54. > :59:58.a pro-trade ally in the EU, so there is a lot of sadness that the UK is

:59:59. > :00:02.leaving the EU and a local business leaders are saying that it is very

:00:03. > :00:05.important for Germany to get a free trade agreement going with British

:00:06. > :00:09.businesses and customers, because they don't want to lose out on

:00:10. > :00:13.trade. At the same time, something else is going on, which is the risk

:00:14. > :00:18.of contagion. On the one hand, there is a fear that Eurosceptics in

:00:19. > :00:22.Germany might take heart from this. We have got elections in Germany

:00:23. > :00:26.next year, so Berlin doesn't want to encourage Eurosceptics in Germany.

:00:27. > :00:30.Probably more importantly for business leaders, for example, they

:00:31. > :00:34.don't want to encourage other countries and markets within the EU

:00:35. > :00:37.to break up. I talked to a business leader earlier told me that

:00:38. > :00:41.actually, on the one hand, some German businesses might fear a loss

:00:42. > :00:47.of trade with the UK but they might fear more contagion in a future

:00:48. > :00:53.break-up of the EU. Obviously, if you take cars, the German car

:00:54. > :00:56.market, the British market is very important for car manufacturers

:00:57. > :01:00.here. Some of those manufacturers may well rather take a hit on losing

:01:01. > :01:05.some UK custom rather than risk contagion. That means that Berlin

:01:06. > :01:11.will be a tough negotiating partner over the next few months. Thank you

:01:12. > :01:15.very much, Damian, for the latest in Berlin. Let's go to Paris and Lucy

:01:16. > :01:23.Williamson. The attitude of the French government and doesn't want

:01:24. > :01:28.is what? -- and President Hollande. He said it was a day of profound

:01:29. > :01:32.regret for him and he talked about the need to focus on the loss of

:01:33. > :01:36.confidence in the European project. What is striking here is the level

:01:37. > :01:40.of shock that was apparent in France when the results came in. People in

:01:41. > :01:45.France are very used to what they see as British moaning about the EU.

:01:46. > :01:48.People in France have been expressing a lot of irritation with

:01:49. > :01:53.the bricks over the last few months and even years, but I think what is

:01:54. > :01:58.happening today is the realisation of what the real consequences are

:01:59. > :02:01.for an actual British exit. As Damian was saying, the same thing

:02:02. > :02:06.plays out here, that there is a perception it may well provide a

:02:07. > :02:10.boost to the far right from national outcome to Eurosceptics in the

:02:11. > :02:15.country, or at least exercise the debate about what kind of

:02:16. > :02:19.relationship France wants to have with Brussels. A very different

:02:20. > :02:23.relationship. Only about a third of people say that they would want a

:02:24. > :02:27.referendum on leaving the EU. Nevertheless, there is a lot of

:02:28. > :02:32.irritation about the red tape that comes from Brussels and lots for

:02:33. > :02:39.President Hollande to worry about. Thank you, Lucy. Very important note

:02:40. > :02:44.that I have just been handed about the internal politics of the Labour

:02:45. > :02:51.Party. Stephen Kinnock, who is the Labour MP for Aberavon in South

:02:52. > :03:01.Wales, he has just let it be known that he supports the no-confidence

:03:02. > :03:04.motion that is being presented, the no-confidence motion in Jeremy

:03:05. > :03:09.Corbyn, that will be presented next week. I am told he believes Mr

:03:10. > :03:13.Corbyn's leadership in this referendum campaign has been

:03:14. > :03:17.lacklustre and, for that reason, he is supporting the no-confidence

:03:18. > :03:22.motion. If we get more on that, we will bring it to you straightaway.

:03:23. > :03:28.That is another prominent new intake member, Stephen Kinnock elected last

:03:29. > :03:32.year for Aberavon, and he has been quite prominent not least because of

:03:33. > :03:36.the steelworks in Port Talbot, which he has been involved in, trying to

:03:37. > :03:40.save them, because it is his local area. Stephen Kinnock saying that he

:03:41. > :03:45.supports the no-confidence motion in Jeremy Corbyn. More reaction coming

:03:46. > :03:49.through. I am going to hand over to Jane Hill on the green outside

:03:50. > :03:53.Parliament. We are going to take a few minutes

:03:54. > :03:59.to talk about the Conservative Party. Two grandees and not one from

:04:00. > :04:02.each side of the fence, with me, Malcolm Rifkind, former Foreign

:04:03. > :04:07.Secretary, and Bernard Jenkin. Bernard Jenkin, I was talking to

:04:08. > :04:14.another Conservative Outer earlier, who said he was still in shock. Is

:04:15. > :04:18.that how you feel? Is very hard to take in. I actually found myself in

:04:19. > :04:28.a hog with Iain Duncan Smith at about AM. We were elected at the

:04:29. > :04:32.beginning of the 1992 Parliament when we opposed the Maastricht

:04:33. > :04:37.Treaty and 25 years later we find that the conclusion of our campaign

:04:38. > :04:42.on the European question has concluded at this moment. But there

:04:43. > :04:46.is a great deal of water to pass under the bridge before we resolve a

:04:47. > :04:52.new relationship with our friends and allies. We may have time to talk

:04:53. > :04:56.about this. I am curious whether you approached the victory with any

:04:57. > :05:00.concerns about division in the country, the fact that Scotland,

:05:01. > :05:04.London, was so distinct from the rest of the country. I think is of

:05:05. > :05:10.concern. I think it was amplified by the way the Remain campaign were

:05:11. > :05:15.determined to reinforce it. The figures speak for themselves. They

:05:16. > :05:21.do, but it was a United Kingdom referendum. If Scotland had tipped

:05:22. > :05:25.the balance so that England was forced to stay in against its will

:05:26. > :05:31.because of Scotland, we would have accepted the result in England. So I

:05:32. > :05:39.think it is very important that Nicola Sturgeon is taken in good

:05:40. > :05:44.faith into the negotiations so that Scotland's voice is heard directly

:05:45. > :05:47.in any discussions with the EU about how we transition to our new status

:05:48. > :05:53.outside the European Union. And the other assemblies and, indeed, the

:05:54. > :05:58.other stakeholders, industry, the City and the parties that voted

:05:59. > :06:02.against leaving the EU. This needs to be a great exercise in

:06:03. > :06:06.collaboration and unification, the process of leaving the European

:06:07. > :06:14.Union. We need a period of unification? Inevitably, when you

:06:15. > :06:17.have had something as harsh as divisive as this referendum, like

:06:18. > :06:21.the Scottish referendum, which has the same features. Families were

:06:22. > :06:28.split, community 's work divide people said harsh things. Partly

:06:29. > :06:33.that was for impact and partly because they felt strongly. Having

:06:34. > :06:37.said that, although I was very saddened by the result, it was an

:06:38. > :06:41.extraordinary example of the democratic process at work. Over 30

:06:42. > :06:50.million British citizens changing history. Even though you might not

:06:51. > :06:55.agree with it. One of the reasons why he was yesterday was the result

:06:56. > :07:00.it was was when, for example, the single currency was introduced, the

:07:01. > :07:04.euro, in 15 European countries, not one occasion worthy people of those

:07:05. > :07:07.countries having a referendum to decide. It was decided by

:07:08. > :07:12.governments. Whether we like the result or are unhappy with it, what

:07:13. > :07:18.we can be proud of that we have shown ourselves to be a mature

:07:19. > :07:22.democracy that reaches decisions peacefully and allows the healing

:07:23. > :07:27.process to begin to work. And the healing process in your own party,

:07:28. > :07:31.because we have seen big cabinet hitters on both sides. You are quite

:07:32. > :07:36.right, but I'm quite relaxed about that. First of all, apart from

:07:37. > :07:42.Europe, there is no deep division in the Conservative Party on any other

:07:43. > :07:46.issue. But that has been the big one. Yes, and it has been resolved.

:07:47. > :07:50.The people have spoken. My side of the argument lost and we have

:07:51. > :07:54.accepted that people have voted. There is no point in the party being

:07:55. > :08:00.divided. Ask yourself, why is the Conservative Party the world's

:08:01. > :08:05.oldest surviving successful party, 300 years? Because we are not

:08:06. > :08:09.ideological. Winston Churchill once gave good advice to politicians. He

:08:10. > :08:14.said, in politics, you shouldn't commit suicide because you might

:08:15. > :08:19.live to regret it. Is it right that David Cameron is staying until

:08:20. > :08:22.October? It is a fact of life. That is as long as it takes for a

:08:23. > :08:26.Conservative leadership election to occur. Just look at the steps,

:08:27. > :08:34.several rounds of voting will take us into July and then to the end of

:08:35. > :08:36.the parliamentary term, and then you have got the summer period where

:08:37. > :08:40.they tour the country and then there is a ballot in September on the

:08:41. > :08:46.membership. That is the protracted process. I think there is a problem

:08:47. > :08:49.in saying, right, we are not going to do anything between now and

:08:50. > :08:55.October to address the EU relationship. The president of the

:08:56. > :08:59.commission this afternoon was saying, they want Britain to get on

:09:00. > :09:03.with it. We don't want us hanging around to destabilise their

:09:04. > :09:07.arrangements. They want certainty, and I think we should be able to do

:09:08. > :09:11.this more quickly. I think much work could be done at official level,

:09:12. > :09:15.civil servants talking to officials and laying the ground so that, when

:09:16. > :09:18.a new leader comes in, the guts of the preparation have been done by

:09:19. > :09:25.what they call the shoppers. We could leave the European Union quite

:09:26. > :09:36.quickly and everything could be addressed at our leisure. -- what

:09:37. > :09:40.they called the sherpas. We shouldn't do the article 15 that

:09:41. > :09:46.binds us into an EU process that has been rejected by voters. The mayor

:09:47. > :09:53.of Calais has said that they want the Le Touquet Tweety renegotiated.

:09:54. > :10:00.Luckily, it is agreed between the governments of France and the UK.

:10:01. > :10:03.Bernard Cazenove, a minister in France, made it clear a few months

:10:04. > :10:07.ago that he thought it would be mad to try and move the border from

:10:08. > :10:13.Calais to the British side of the channel. I am not as optimistic as

:10:14. > :10:18.Bernard. Let's be optimistic, because we want the Tweety to

:10:19. > :10:24.continue. It is mostly to our advantage. Let me finish. It is

:10:25. > :10:29.their advantage. That's what Bernard Cazenove said. I think it is very

:10:30. > :10:31.much more to our advantage is that people who are trying to get into

:10:32. > :10:35.Britain and not entitled to don't Britain and not entitled to don't

:10:36. > :10:40.get past France. We must leave it there. Thank you very much for being

:10:41. > :10:47.with us here at Westminster. Continuing coverage, and much more

:10:48. > :10:52.from here and College Green on BBC News all day, after what has been a

:10:53. > :10:57.dramatic 24 hours. Let's just remind ourselves of some of the most

:10:58. > :11:02.memorable moments of an extremely memorable day. At 20 minutes to

:11:03. > :11:06.five, we can now say the decision taken in 1975 by this country to

:11:07. > :11:13.join the Common Market has been reversed by this referendum to leave

:11:14. > :11:20.the EU. CHEERING

:11:21. > :11:24.It's a victory for ordinary people, decent people. It's a victory

:11:25. > :11:29.against the big merchant banks, against big businesses and against

:11:30. > :11:33.big politics. I'm proud of everybody who had the courage, in the face of

:11:34. > :11:39.all the threats, everything they were told, they had the guts to

:11:40. > :11:42.stand up and to do the right thing. Inevitably there will be a period of

:11:43. > :11:52.uncertainty and adjustment. We will not hesitate to take any additional

:11:53. > :11:56.measures required to do our responsibility as the UK moves

:11:57. > :11:59.forward. I will do everything I can as Prime Minister to steady the ship

:12:00. > :12:04.over the coming weeks and months but I do not think it would be right for

:12:05. > :12:08.me to try to be the captain that steers our country to its next

:12:09. > :12:14.destination. I am proud of Scotland and how we voted yesterday. You

:12:15. > :12:18.proved that we are a modern, outward looking, open and inclusive country,

:12:19. > :12:22.and we said clearly that we do not want to leave the European Union. I

:12:23. > :12:30.believe the British people have spoken up for democracy. In Britain

:12:31. > :12:46.and across Europe. And I think we can be very proud of the result.

:12:47. > :12:52.It has been an interesting spell of weather, up and down through the

:12:53. > :12:57.weekend as well. Sunny for some, wet for others. A delightful picture in

:12:58. > :13:01.Derbyshire taken earlier on, but the fluffy clouds here have been

:13:02. > :13:04.replaced by an ominous shower clouds elsewhere. Some thunderstorms

:13:05. > :13:07.developed as we went through the day, some heavy, torrential

:13:08. > :13:13.downpours in places. The lightning flashing away this afternoon and

:13:14. > :13:16.some particularly intense storms across the Highlands of Scotland.

:13:17. > :13:21.Some other places have avoided the showers entirely. The showers will

:13:22. > :13:25.continue into the evening before gradually fading away. For many of

:13:26. > :13:29.us, they will keep going across Scotland and other western parts of

:13:30. > :13:34.the mainland. A fresh night out there. In some rural spots,

:13:35. > :13:38.temperatures down to single figures. It could be bright and sunny where

:13:39. > :13:43.you are, particularly more central and eastern parts. Already showers

:13:44. > :13:48.out west and very murky across the far north-east of Scotland. Showers

:13:49. > :13:53.will develop quite widely, like today, but the distribution will be

:13:54. > :13:56.different. I think you will see an ounce of dry weather in Wales and

:13:57. > :14:03.western England. Touch and go for Glastonbury. Much of the showers

:14:04. > :14:06.should be further east. Some heavy downpours, quite torrential.

:14:07. > :14:12.Northern Ireland is doing OK, mainly dry through the afternoon. Some

:14:13. > :14:17.heavy downpours in Scotland. Misty and cool in the far north-east. On

:14:18. > :14:22.Sunday, we can see a weather system pushing in from the Atlantic. That

:14:23. > :14:27.will spread rain into the more north-western parts. Turning wet

:14:28. > :14:30.across Northern Ireland and that rain pushing into western Scotland

:14:31. > :14:34.and western parts of England and Wales through the second half of the

:14:35. > :14:39.day. Further east, the dry weather hold on. Some decent temperatures in

:14:40. > :14:44.the south-east. That system will make its way down towards the

:14:45. > :14:49.south-east. It brightens up, some sunshine for many of us through

:14:50. > :14:54.Monday. Just the odd shower. Is the weather settling down? Oh, no. As we

:14:55. > :14:57.look towards the middle of next week, things turn increasingly

:14:58. > :14:59.unsettled. We are all going to see some spells of rain in some of that

:15:00. > :15:16.could be pretty heavy. A moment of history as the UK votes

:15:17. > :15:19.to leave the European Union. There was jubilation

:15:20. > :15:21.for activists in the Leave camp But the Remain camp called

:15:22. > :15:25.the outcome a catastrophe as it suffered lower-than-expected support

:15:26. > :15:27.across swathes of the Midlands This morning a visibly emotional

:15:28. > :15:35.David Cameron stood here outside Number 10 with his wife Samantha

:15:36. > :15:37.to announce that he'll step I will do everything I can

:15:38. > :15:42.as Prime Minister to steady the ship But I do not think it would be right

:15:43. > :15:49.for me to try to be the captain that steers our country

:15:50. > :15:52.to its next destination. His main rival from the Vote Leave

:15:53. > :15:55.camp, Boris Johnson, hails a "glorious opportunity"

:15:56. > :15:59.for the UK, but pays tribute I've known David Cameron for a very

:16:00. > :16:05.long time and I believe he's been one of the most extraordinary

:16:06. > :16:12.politicians of our age. The FTSE 100 plunged

:16:13. > :16:15.after the result became clear, The Chancellor and the Bank

:16:16. > :16:19.of England say they're monitoring And questions for the future

:16:20. > :16:25.of the UK too, as Nicola Sturgeon uses Scotland's overwhelming vote

:16:26. > :16:30.to remain to raise the possibility of another referendum

:16:31. > :16:34.on Scottish independence. It is a significant and material

:16:35. > :16:37.change in circumstances, and it is therefore a statement

:16:38. > :16:40.of the obvious that the option of a second referendum

:16:41. > :16:45.must be on the table. The vote has already

:16:46. > :16:56.claimed the scalp of And I live at Westminster, where we

:16:57. > :16:58.are continuing to get reaction politicians of all parties to a

:16:59. > :17:15.momentous 24 hours. After more than 40 years,

:17:16. > :17:19.Britain has voted decisively to end its membership

:17:20. > :17:22.of the European Union. Within hours, David Cameron

:17:23. > :17:26.announced he would be standing He said he'd stay in Number 10

:17:27. > :17:35.for the next few months but that the country

:17:36. > :17:41.required fresh leadership. He said he would step down in

:17:42. > :17:44.October. Boris Johnson, who campaigned

:17:45. > :17:47.for a Leave vote, said the UK now had a "glorious opportunity"

:17:48. > :17:49.to pass its own laws, set its own taxes and find its voice

:17:50. > :17:52.in the world again. Senior figures in the European Union

:17:53. > :17:56.have called on the UK to act on the vote and leave the EU

:17:57. > :18:00.as soon as possible. Let's take a closer look

:18:01. > :18:05.at the final result, which shows that Leave

:18:06. > :18:08.secured its victory by a margin In total 17.4 million people voted

:18:09. > :18:13.for the UK to leave the EU. That compares with the 16.1 million

:18:14. > :18:17.voters who wanted to remain. More than 72% of those

:18:18. > :18:22.who were eligible to vote did so. In England more than 15 million

:18:23. > :18:26.people voted for the UK to leave the European Union -

:18:27. > :18:32.13.2 million people backed Remain. In Scotland, every voting area came

:18:33. > :18:36.out in favour of Remain ? 62% of Scottish voters backed Remain

:18:37. > :18:41.with 38% backing a Leave vote. In Wales, Leave won over 52%

:18:42. > :18:48.of the vote and secured the most votes in all but five

:18:49. > :18:52.of the 22 counting areas. In Northern Ireland,

:18:53. > :18:59.which shares a land border with the European Union,

:19:00. > :19:00.voters backed Remain with 55% of voters choosing

:19:01. > :19:10.to stay in the EU. We'll have all the reaction

:19:11. > :19:14.from Westminster, the City and from Europe, but first,

:19:15. > :19:16.our political correspondent Carole Walker reports

:19:17. > :19:22.on the dramatic events so far. The people have voted

:19:23. > :19:27.for a new destiny for Britain. This means that the UK has voted

:19:28. > :19:30.to leave the European Union. It is a decision few predicted

:19:31. > :19:34.at the start of this campaign, a decision which has forced

:19:35. > :19:38.the Prime Minister out of office. There was no hiding the emotion

:19:39. > :19:41.as David Cameron, with his wife, The British people have voted

:19:42. > :19:48.to leave the European Union He had fought and lost the battle

:19:49. > :19:54.to persuade the country to stay I fought this campaign in the only

:19:55. > :20:01.way I know how which is to say directly and passionately

:20:02. > :20:06.what I think and feel, But the British people have made

:20:07. > :20:13.a very clear decision to take a different path and as such,

:20:14. > :20:18.I think the country requires fresh leadership to take

:20:19. > :20:22.it in this direction. I will do everything I can

:20:23. > :20:26.as Prime Minister to steady the ship over the coming weeks and months,

:20:27. > :20:30.but I do not think it would be right for me to try to be the captain

:20:31. > :20:34.that steers our country From the moment the results starting

:20:35. > :20:39.coming in, just after midnight, The total number of votes cast

:20:40. > :20:49.in favour of Leave was 82,000. By the end of the night,

:20:50. > :20:51.Leave had won a clean sweep across the north of England,

:20:52. > :20:54.the Midlands, the east London was the only region

:20:55. > :21:00.of England to support The result in Flintshire reflected

:21:01. > :21:07.the outcome across Wales. But Northern Ireland voted

:21:08. > :21:15.to remain in the EU, and Sinn Fein said it

:21:16. > :21:17.intensifies the case for a vote on whether Northern Ireland should

:21:18. > :21:30.leave the United Kingdom. Any decision to take us out of

:21:31. > :21:32.Europe is a big deal. It is a big crisis and we have to face the

:21:33. > :21:34.reality that it is a crisis. And Scotland, as expected,

:21:35. > :21:36.voted by a clear majority Scotland's First Minister said

:21:37. > :21:39.it was democratically unacceptable for it to be taken out of the EU

:21:40. > :21:43.against its will. Scotland does now

:21:44. > :21:46.face that prospect. It is a significant and material

:21:47. > :21:49.change in circumstances and it is therefore,

:21:50. > :21:52.a statement of the obvious that the option of a second

:21:53. > :21:56.referendum must be on the table But at Westminster, jubilant Leave

:21:57. > :22:03.campaigners have been celebrating. Nigel Farage said he was thrilled

:22:04. > :22:06.that the country had decided to break free

:22:07. > :22:10.from what he called a failing, 17 million people have said we must

:22:11. > :22:15.leave the European Union. A Government that

:22:16. > :22:22.gets on with the job. A Government that begins

:22:23. > :22:24.the renegotiation of Boris Johnson struggled

:22:25. > :22:31.through the throng at his home. Then paid tribute to

:22:32. > :22:33.the Prime Minister for his bravery in giving

:22:34. > :22:36.the British people their say. I believe we now have

:22:37. > :22:39.a glorious opportunity. We can pass our laws

:22:40. > :22:44.and set our taxes entirely according We can control our own borders

:22:45. > :22:51.in a way that is not discriminatory but fair and balanced and take

:22:52. > :22:58.the wind out of the sails But in the City, shares plunged

:22:59. > :23:00.and the pound fell dramatically despite all the attempts

:23:01. > :23:02.at reassurance from political leaders and the Bank of England

:23:03. > :23:05.which promised to take whatever measures were necessary

:23:06. > :23:08.to support the economy. And there are now questions over

:23:09. > :23:11.the future of the Labour leader, who has been blamed for a lacklustre

:23:12. > :23:15.campaign to remain in the EU which failed to convince

:23:16. > :23:18.many Labour supporters. Clearly, there are some very

:23:19. > :23:21.difficult days ahead. The value of the pound has already

:23:22. > :23:25.fallen and there will therefore be job consequences as a result

:23:26. > :23:28.of this decision. REPORTER: The Prime

:23:29. > :23:30.Minister has resigned. Now two senior Labour MPs

:23:31. > :23:42.have tabled a motion of no confidence in Mr

:23:43. > :23:44.Corbyn's leadership. I think Jeremy Corbyn should resign

:23:45. > :23:46.as leader of the Labour Party. This was a test of leadership,

:23:47. > :23:49.the European referendum campaign. He was very half-hearted

:23:50. > :24:07.in the leadership he gave But the Shadow Chancellor dismissed

:24:08. > :24:10.the move. About of no confidence is in expression of the views of the

:24:11. > :24:14.party, if people want to challenge him there will be a leadership

:24:15. > :24:16.challenge, there will be an election and I think he will wind it again.

:24:17. > :24:20.For Britain, for Europe as the country embarks

:24:21. > :24:23.on a new and uncertain future outside the EU

:24:24. > :24:35.With me is our chief political correspondent, Vicki Young.

:24:36. > :24:44.We have just been told that Donald Tusk, the president of the European

:24:45. > :24:49.Council, will convene a summit on Wednesday without the UK, that is

:24:50. > :24:56.underlining the scale of what has happened. The reality ticking and

:24:57. > :25:00.quickly, although we know this process will take years, we haven't

:25:01. > :25:05.even got on the first step of the journey, these things are already

:25:06. > :25:08.heading home and thinking back to when David Cameron first promised

:25:09. > :25:13.that referendum, he had no idea it would end like this, but the way

:25:14. > :25:19.Britain trades, talks to the world, the way we travel, all those things

:25:20. > :25:25.will change and we do not know in what way, and LinkedIn with all

:25:26. > :25:30.that, importantly for Britain and the UK is that Nicola Sturgeon today

:25:31. > :25:37.said explicitly that a second referendum on Scottish referendum --

:25:38. > :25:40.independent is now likely. One Conservative MP said there would be

:25:41. > :25:45.an earthquake on weapon states and all the pieces would go in the air

:25:46. > :25:51.and that has been the case. Underlining the size of the decision

:25:52. > :25:57.and consequences for the UK, let's talk about the consequences for more

:25:58. > :26:02.than one party leader. David Cameron announcing his resignation, it was

:26:03. > :26:07.impossible for him to carry on, he will stay for three months but we

:26:08. > :26:11.are now in a conservative leadership contest and after a night when

:26:12. > :26:16.millions of people have voted on this huge issue, now Tory party

:26:17. > :26:21.members will choose our next Prime Minister. Many people think that

:26:22. > :26:26.will lead to weight general election, and that has got Labour

:26:27. > :26:31.MPs twitchy. They have known since the last election that in many

:26:32. > :26:36.Northern seats, Welsh seats where Labour have had a stronghold, Ukip

:26:37. > :26:42.have been snapping at their heels, so they are rattled, some art

:26:43. > :26:47.calling on Jeremy Corbyn to go, next week they both have a vote of no

:26:48. > :26:51.confidence in him. Boris Johnson today did not sound ecstatic about

:26:52. > :26:56.victory, he was keen to bring some harmony to what has been a divisive

:26:57. > :27:02.concept -- contest, many people are concerned about divisions in the

:27:03. > :27:06.country and he was there making his bid to be the next Prime Minister,

:27:07. > :27:11.but we will have to see who were mergers on that ballot paper. And

:27:12. > :27:16.thank you, Vicki Young. When the result came through this morning,

:27:17. > :27:22.right away the financial markets react did in the tricky volatile

:27:23. > :27:28.way. The pound was plunging, the markets were responding with alarm,

:27:29. > :27:34.but there has been some adjustment during the day. Let's join Victoria

:27:35. > :27:42.frets at the Bank of England. Bring us up to date with what has

:27:43. > :27:47.happened. In terms of the markets, the first reverberations were felt

:27:48. > :27:51.in the heart of the City of London. We saw sterling plunged 10%

:27:52. > :27:58.overnight. We have seen some uptake since then, it is done about 8.5%

:27:59. > :28:04.now, a 30 year low against the dollar. We have seen currency

:28:05. > :28:11.volatility across the board. In terms of the equity markets, we saw

:28:12. > :28:15.the FTSE 100 down at the beginning of trade, house-builders almost 40%

:28:16. > :28:21.down at the start of the day. Banks and retailers have since ticked up a

:28:22. > :28:26.little but they are still pummelled as a result of what we saw today.

:28:27. > :28:31.The FTSE 100 not doing as badly as the FTSE 250 because within the FTSE

:28:32. > :28:38.100 are lots of international countries like GS K and that is seen

:28:39. > :28:42.as a defence of play against what is going on with this vote, so

:28:43. > :28:47.volatility on the markets and interesting that the first thing

:28:48. > :28:51.Governor Mark Carney and the Bank of England did was to try to calm the

:28:52. > :28:57.markets, and it seemed to have some facts. He talked about how well

:28:58. > :29:03.capitalised the banks are, he said the assets are strong and liquid and

:29:04. > :29:08.he is ready to provide 250 billion of additional funding of required

:29:09. > :29:12.that the story of today has been what has happened in terms of

:29:13. > :29:16.sterling and policy response will be determined by the volatility in the

:29:17. > :29:27.value of the pound in the months to come. Victoria, thank you. The

:29:28. > :29:32.decision has prompted many questions about funding across the UK. We will

:29:33. > :29:38.talk about Scotland and the prospect of a second referendum on in the

:29:39. > :29:42.hundreds. In Wales, undisguised alarm in the Welsh government at the

:29:43. > :29:48.prospect of EU funding disappearing and what that means for the Welsh

:29:49. > :29:53.economy. The First Minister was alarmed by the prospects speaking

:29:54. > :29:59.earlier. Let's join Thomas Morgan to hear more about the reaction in

:30:00. > :30:03.Wales. Carwyn Jones speaking here earlier this morning, he said there

:30:04. > :30:09.would need to be some discussion of the Barnett formula, the way Wales

:30:10. > :30:15.is funded from Westminster, now we have left the EU, as Wales get so

:30:16. > :30:21.much funding from Europe, as we are one of the poorest areas of the UK.

:30:22. > :30:25.Many of those areas are in the valleys, they are Labour strongholds

:30:26. > :30:32.and they voted for Brexit in this referendum. Carwyn Jones key to try

:30:33. > :30:37.to find a way to get more funding from Westminster now that funding

:30:38. > :30:44.has gone. If we have a look at the whole of Wales that footed, 17 of 22

:30:45. > :30:50.constituencies voted for Brexit. There has been some criticism of the

:30:51. > :30:54.Remain campaign here, Plaid Cymru and Lib Dems were campaigning for a

:30:55. > :30:58.Remain vote but some have said they left it too late and they should

:30:59. > :31:02.have realised that after last month's Assembly elections when

:31:03. > :31:07.seventh Ukip members were allowed in here, they should have realised

:31:08. > :31:11.there was a strong vote for Brexit and they could have done or, but

:31:12. > :31:16.Carwyn Jones fearing or future funding for Wales and also

:31:17. > :31:26.commenting there could be fears for jobs in Wales. Thomas, thank you for

:31:27. > :31:30.the latest response in Cardiff. I mentioned Nicola Sturgeon's response

:31:31. > :31:36.today in Scotland, let's join Gavin as in Edinburgh. There is no boat

:31:37. > :31:42.all the parties agree this photo has been a game changer but they don't

:31:43. > :31:46.agree what the game now is. We heard Nicola Sturgeon say it is

:31:47. > :31:51.democratically unacceptable to take Scotland out of the EU without it

:31:52. > :31:56.having voted for it, but what will she do about a second independence

:31:57. > :32:02.referendum because she is moving cautiously, as if she loses that

:32:03. > :32:07.then maybe independence will be off the map for a long time. The Labour

:32:08. > :32:15.Party in Scotland also has its problems and we are joined by Kenzie

:32:16. > :32:20.Dugdale Enda Glasgow studio. A number of Labour people now feel

:32:21. > :32:24.Jeremy Corbyn's leadership has been disastrous for the party. Do you

:32:25. > :32:30.think you have confidence in the leader of the Labour Party? I'm the

:32:31. > :32:34.leader of the Scottish Labour Party and I am reflecting on what is

:32:35. > :32:40.happening as a consequence of the European vote overnight, but that

:32:41. > :32:45.means for independence for Scotland, what that means for jobs and E, May.

:32:46. > :32:52.Does that mean you have no confidence? I am far more concerned

:32:53. > :32:57.about what the reality of coming out of Europe means for working families

:32:58. > :33:03.than about the internal problems the Labour Party may face. This is real

:33:04. > :33:07.and serious and I am angry and upset about Scotland being pulled out of

:33:08. > :33:14.the EU and I am furious at the Tories. This is a referendum that

:33:15. > :33:17.didn't need to happen. It started 18 months ago, the day after the

:33:18. > :33:23.Scottish independence referendum, when David Cameron embarked on

:33:24. > :33:28.English votes for English laws, and Ruth Davidson ran a dishonest

:33:29. > :33:35.campaign saying only Tories could protect the union. Jeremy Corbyn's

:33:36. > :33:42.and leadership is surely in question now, is it not? I do not believe so.

:33:43. > :33:47.The Labour Party has produced a strong vote for Remain in many parts

:33:48. > :33:53.of the country, the Tory vote is split and that has led to a divided

:33:54. > :33:58.result. The Tories are responsible for this referendum. They have

:33:59. > :34:04.divided this country and are not in a position to steal it. I want to be

:34:05. > :34:09.part of the UK and part of Europe and the Tories are forcing me to

:34:10. > :34:14.choose between those two things, it is dishonest and thousands of people

:34:15. > :34:19.in Scotland are angry at them. If you have to choose between those

:34:20. > :34:24.things, which would you choose? Would you rather see an independent

:34:25. > :34:28.Scotland in the EU or not, would you change your vote on independence?

:34:29. > :34:34.The Labour Party's manifesto approved by the party said we would

:34:35. > :34:39.rule out a second independence referendum in the next Parliament.

:34:40. > :34:45.We will not change that position but on the question of independence, if

:34:46. > :34:49.we revisit this argument, some of those fundamental questions we faced

:34:50. > :34:55.in 2014 about currency, the money we would use, are even greater now, so

:34:56. > :35:00.if there will be an overwhelming argument for a new independence

:35:01. > :35:05.debate, the answers to those questions have to be found and that

:35:06. > :35:10.is for the First Minister and those who believe in the yes case, but we

:35:11. > :35:15.are now wait with two sets of chaos. The idea of Scotland and the UK are

:35:16. > :35:20.leaving the EU and did devastating effect that has had on families and

:35:21. > :35:25.markets today, and the chaos of Scotland then withdraw from the UK,

:35:26. > :35:31.we need some breathing space, some camp to fully digest this response

:35:32. > :35:42.and what it needs but I could do with an apology from the Tories as

:35:43. > :35:47.well. Thank you, Kezia Dugdale. The Conservatives have their own

:35:48. > :35:49.problems. Ruth Davidson has got big questions are about who she will

:35:50. > :35:56.support in a future leadership contest and what the Scottish

:35:57. > :36:03.Conservative Party's ruled will be within the national party.

:36:04. > :36:09.Thank you, Gavin. That is Scotland, we have discussed where else, its

:36:10. > :36:14.Northern Ireland a different dimension because it has a land

:36:15. > :36:19.border with another EU member state, which adds another there of

:36:20. > :36:26.complexity to the debate. That's join Chris Buckler in Newry with

:36:27. > :36:31.some thoughts on the response. Like Scotland, Northern Ireland did vote

:36:32. > :36:35.for a Remain but it is a UK wide vote that matters and people are

:36:36. > :36:40.having to address those questions like what will happen to the border.

:36:41. > :36:47.Could there be a return of customs checkpoints? That matters any lace

:36:48. > :36:51.like your rate -- a place like Newry, lots of cross-border routes,

:36:52. > :36:58.people accept pounds or Euro and custom from either side of the

:36:59. > :37:04.border. Today Northern Ireland's First Minister Arlene Foster, one of

:37:05. > :37:09.the big voices in the Leave campaign, said there was an

:37:10. > :37:13.opportunity for the economy but Republicans see an opportunity as

:37:14. > :37:17.well, Sinn Fein are seeing the push in Scotland for a second

:37:18. > :37:23.independence referendum and Martin McGuinness said he would like to see

:37:24. > :37:28.a border poll referendum on a united Ireland taking place here. There has

:37:29. > :37:34.been one immediate consequence of the vote today, there are Northern

:37:35. > :37:37.Ireland because of the Good Friday Agreement people are entitled to

:37:38. > :37:43.dual citizenship as both British and Irish, and a British and Irish

:37:44. > :37:48.passport. To date in a number of places, including unionist areas,

:37:49. > :37:53.there has been a rush for applications for Irish passports. It

:37:54. > :38:02.is an interesting result because an Irish passport will Remain an EU

:38:03. > :38:08.passport. Thank you, Chris Buckler with the latest on the situation in

:38:09. > :38:13.Northern Ireland. We had a response this afternoon from the Polish

:38:14. > :38:19.ambassador to the UK, we will hear from him soon, expressing regret

:38:20. > :38:24.that respecting the decision, and representing the view of lots of

:38:25. > :38:28.other European states who have not hidden their disappointment but site

:38:29. > :38:30.they respect the outcome and they want the transition to be smooth and

:38:31. > :38:33.as quick as possible. For more on the impact that

:38:34. > :38:36.Britain's decision will have on the remaining EU member states,

:38:37. > :38:47.let's turn to Matthew Amroliwala, You used that phrase and we have

:38:48. > :38:53.heard it so many times from EU leaders, careful in their language

:38:54. > :38:57.and repeating they regret the decision but respect that. We heard

:38:58. > :39:03.it from EC President Jean-Claude Yunker, but he went on to get to the

:39:04. > :39:09.nub of it with some difficult decisions because he said any delay

:39:10. > :39:13.would prolong the uncertainty, we have rules to deal with this in an

:39:14. > :39:19.orderly way because there is a consensus under that moderate

:39:20. > :39:25.language, determination to get on with the negotiations for a Brexit.

:39:26. > :39:30.As Martin Short said today, Leave is Leave and now the European bigwigs

:39:31. > :39:39.want to get on with negotiating that -- Martin Shultz. That is different

:39:40. > :39:42.to the timeline set out by David Cameron, so immediately you get a

:39:43. > :39:52.sense of the tension this decision has caused. Matthew, thank you, with

:39:53. > :39:58.the latest in Brussels were the European Commission is waste and

:39:59. > :40:04.where they are looking at the plans and complexity of those plans. I

:40:05. > :40:10.mentioned there is a summit next week, Donald Tusk has already said

:40:11. > :40:15.the 27 member states will meet next Wednesday, not 28th because Britain

:40:16. > :40:21.will not take part in that session to discuss the way ahead. I spoke to

:40:22. > :40:25.the Polish ambassador to London earlier and I asked him to explain

:40:26. > :40:32.to me what the Polish community's reaction to the result had been. We

:40:33. > :40:36.have always said we respect any kind of democratic verdict of the British

:40:37. > :40:43.electorate and this is what happened, so we are unhappy, we

:40:44. > :40:52.regret we will lose the UK at the table in the EU, the UK has always

:40:53. > :40:58.resented similar views to my country, so this is a loss but we

:40:59. > :41:03.respect that and we hope now that negotiations will be mutually

:41:04. > :41:09.beneficial and they will also lead to the respect of the acquired

:41:10. > :41:13.rights of people from Poland who were here contributing to the

:41:14. > :41:18.prosperity of this country. You followed the campaign closely and I

:41:19. > :41:22.wonder what you made of the fact that immigration became such a

:41:23. > :41:28.dominant feature of the campaign in the closing weeks. I think there

:41:29. > :41:33.were a lot of misconceptions. I'd then the decision to open the labour

:41:34. > :41:38.market in 2004 was an excellent decision for this country because a

:41:39. > :41:45.lot of people came there and they work for hospitals in the NHS, old

:41:46. > :41:51.peoples homes, restaurants and hotels in the of London, so they

:41:52. > :41:56.contribute to the prosperity of this country, they pay taxes, they do not

:41:57. > :42:02.misused the system and they tried to integrate as well as possible. In

:42:03. > :42:07.your contact with Polish people in the UK in the last 24 hours, our

:42:08. > :42:12.people concerned about their own positions? Yes, very concerned that

:42:13. > :42:19.what we tell our citizens is that first of all Britain will have to

:42:20. > :42:25.present a letter with Article 50 explaining what Britain is going to

:42:26. > :42:31.do, how to start negotiations with the EU, and then for at least two

:42:32. > :42:35.years Britain will be juicy yet, so for at least two wonder half years

:42:36. > :42:42.Britain will stay in the EU so nothing will change. The response

:42:43. > :42:49.from the Polish ambassador to the UK, talking to me and summarising

:42:50. > :42:54.the response from Poland and a few other European member states.

:42:55. > :43:00.Coverage continues here on the BBC News Channel and in half an hour we

:43:01. > :43:04.will have BBC News At Six with Fiona here in Downing Street, but in the

:43:05. > :43:10.meantime on the sunny evening, let's get the latest weather.

:43:11. > :43:16.Sunshine in Downing Street and for some of us back home, but not for

:43:17. > :43:22.all, it has been sunny one minute, web the next. We have had heavy

:43:23. > :43:28.downpours across Northern and western parts of the UK, the

:43:29. > :43:32.majority have caught a shower at some stage, most intense across

:43:33. > :43:36.Scotland, they will linger into the night across the heart of Scotland,

:43:37. > :43:43.one to keeping going across western parts of England and Wales but many

:43:44. > :43:47.places turning dry, a fresh night with rural spots' was, so they

:43:48. > :43:52.cooled tart to Saturday, some showers dotted around and they will

:43:53. > :43:59.be widespread in the afternoon. If you stayed dry today you might get a

:44:00. > :44:03.downpour on Saturday and vice versa. Increasing amounts of showers across

:44:04. > :44:07.central and eastern areas but brightening up further west,

:44:08. > :44:12.Northern Ireland not doing too badly. Looking ahead it stays

:44:13. > :44:15.unsettled with room for all of us over the next few days. -- with rain

:44:16. > :45:18.for all of us. This is BBC News -

:45:19. > :45:21.you're watching a special EU referendum programme with me Jane

:45:22. > :45:28.Hill. The United Kingdom is digesting

:45:29. > :45:30.the implications of the decision to leave the European Union

:45:31. > :45:32.after four decades. The Leave campaign won last night's

:45:33. > :45:42.referendum by 52% to 48%. David Cameron - who campaigned hard

:45:43. > :45:45.to remain in the EU - has announced he is stepping down

:45:46. > :45:47.as Prime Minister. He says fresh leadership is needed

:45:48. > :45:58.to negotiate the UK's exit. I will do everything I can as Prime

:45:59. > :46:03.Minister to steady the ship over the coming weeks and months. But I do

:46:04. > :46:09.not think it would be right for me to try to be the captain that steers

:46:10. > :46:13.our country to its next destination. A leading figure in the exit

:46:14. > :46:16.campaign Boris Johnson pays tribute to the outgoing Prime Minister as

:46:17. > :46:22.one of the most extraordinary politicians of our age, but hailed

:46:23. > :46:25.the Leave victory as a glorious opportunity for the UK.

:46:26. > :46:31.I believe we have the glorious opportunity now. We can pass our

:46:32. > :46:37.laws, set our taxes according to the needs of the UK economy. We can

:46:38. > :46:40.control our own borders in a way that is not discriminatory.

:46:41. > :46:42.There are questions for the future of the UK too -

:46:43. > :46:45.as Nicola Sturgeon used Scotland's overwhelming vote to remain -

:46:46. > :46:51.to raise the possibility of another referendum on Scottish independence.

:46:52. > :46:57.It is a significant and material change in circumstances, and it is

:46:58. > :46:59.therefore a statement of the obvious that the option of a second

:47:00. > :47:02.referendum must be on the table. Senior figures in the European Union

:47:03. > :47:05.have called on the UK to act on the referendum vote to leave

:47:06. > :47:08.the EU as soon as possible, not wanting lengthy separation

:47:09. > :47:15.negotiations to prolong uncertainty. Sterling suffered its biggest ever

:47:16. > :47:18.one-day fall and billions of pounds were wiped off the value of British

:47:19. > :47:21.companies on the stock market. Share prices on Wall Street have

:47:22. > :47:42.also fallen in the wake Hello and good afternoon from

:47:43. > :47:45.Westminster. After that seismic vote, political reaction is

:47:46. > :47:51.continuing to filter through this afternoon, both to the decision to

:47:52. > :47:52.leave the EU and to the Prime Minister's announcement of his

:47:53. > :47:55.resignation. I can speak to Labour MP Cat Smith

:47:56. > :48:00.who backed the Remain campaign. She is the MP for Lancaster and

:48:01. > :48:18.Fleetwood. Good afternoon, Kat Smith, I hope

:48:19. > :48:22.you can hear me where you are. -- Cat Smith.. Let's talk about the

:48:23. > :48:26.no-confidence letter about your leader Jeremy Corbyn. Does he take

:48:27. > :48:32.some responsibility for the result of this vote? Well, I would say that

:48:33. > :48:36.all MPs in the Parliamentary Labour Party do have the right to table a

:48:37. > :48:41.motion of no-confidence in the leader, of course, but I don't think

:48:42. > :48:45.it's deserved in this case, Jeremy Corbyn campaign flat-out for a

:48:46. > :48:48.Remain vote, as did the vast majority of the Parliament we Labour

:48:49. > :48:52.Party and Labour MPs up and down the country who worked hard.

:48:53. > :48:57.Unfortunately what we campaign for wasn't to be but we respect the

:48:58. > :49:01.outcome of the referendum and going forwards we need a united Labour

:49:02. > :49:04.Party defending the best interests frankly of working people in this

:49:05. > :49:07.country. With what we have seen on the news today it's important people

:49:08. > :49:12.can have security in their jobs, pensions and savings. Given the

:49:13. > :49:16.Conservative Party is in disarray that forces the Labour Party to

:49:17. > :49:20.unify and provide stability for the British public. John Spellar is

:49:21. > :49:26.among those who has just added his name to that. We've already heard

:49:27. > :49:29.from Stephen Tulloch. These are senior people supporting that, and

:49:30. > :49:34.you say he campaign flat-out but it was really only in the latter stages

:49:35. > :49:39.of the campaign that he was there as a leader, asking Labour voters to

:49:40. > :49:43.remain. That wasn't consistent throughout the campaign, and clearly

:49:44. > :49:50.a lot of members of your party feel that way. I disagree. I would say

:49:51. > :49:54.Jeremy Corbyn, from the moment he was elected as the leader of the

:49:55. > :49:57.Labour Party was very clear, he was leading a Labour Party campaigning

:49:58. > :50:02.for a remain vote in that referendum. Because so much of the

:50:03. > :50:06.media coverage was taken up with the blue on blue Conservative infighting

:50:07. > :50:09.it was very hard for the Labour leader to get the coverage of what

:50:10. > :50:14.he was doing up and down the country. I saw Jeremy's diary and

:50:15. > :50:18.every day he was working flat out for Remain and if that didn't come

:50:19. > :50:23.across in the media I would suggest that's not the of Jeremy Corbyn.

:50:24. > :50:29.We have talked a lot about the geographical breakdown of the vote,

:50:30. > :50:37.we talked a lot about Scotland and London. But it's clear that in many

:50:38. > :50:41.Labour heartlands, the North, the Midlands, Labour's core voters

:50:42. > :50:44.didn't follow the route that you and Jeremy Corbyn wanted to take, so

:50:45. > :50:49.what is going on there? Why did those people not follow what he said

:50:50. > :50:56.and what you are saying you wanted in that vote? Far more Labour voters

:50:57. > :51:01.came with the Labour leadership than the Tory voters went with the Tories

:51:02. > :51:04.on this matter. I think you are talking about the breakdown in

:51:05. > :51:09.voters. What was clear from this referendum is that young people, the

:51:10. > :51:12.under 50s, were voting for remain and older voters were more likely to

:51:13. > :51:17.turn up at the polling stations who have predominantly been voting for

:51:18. > :51:21.Brexit. Here at Glastonbury it's very clear speaking to people around

:51:22. > :51:24.the festival that there is a generation that feels quite hard

:51:25. > :51:28.done by by the outcome of this referendum and quite let down by

:51:29. > :51:32.politics as a whole and that is where the Labour Party under Jeremy

:51:33. > :51:35.Corbyn can reach out to a group of voters who have for a long time have

:51:36. > :51:43.felt they have had no stake in politics. Cat Smith. We will leave

:51:44. > :51:46.it there, the Labour MP for Lancaster and Fleetwood. We were

:51:47. > :51:48.talking about the geographical breakdown.

:51:49. > :51:50.Let's give you a proper breakdown of how the

:51:51. > :51:55.We can see how the different parts of the UK voted yesterday.

:51:56. > :51:58.Christian Fraser has been looking through the numbers.

:51:59. > :52:04.Let me show you in a little more detail the numbers and final result

:52:05. > :52:10.across the four nations of the UK. We will start with England, shall

:52:11. > :52:15.we? You can see the turnout was very high, 28 million people voted across

:52:16. > :52:21.England, the highest turnout, 73%, since 1992, so nearly 25 years.

:52:22. > :52:23.Parts of the country that don't normally get involved in the

:52:24. > :52:27.political process coming out to vote, which has made a huge

:52:28. > :52:32.difference, as you can see in the central belts of England, and in

:52:33. > :52:37.this northern, Northwest area, where Labour are traditionally so strong.

:52:38. > :52:39.The isolated bits of yellow are the metropolitan areas, Liverpool,

:52:40. > :52:45.Manchester, the wealthier parts of Yorkshire, Leeds, Harrogate, and up

:52:46. > :52:51.here, Newcastle in the north-east, although not by as big a margin as

:52:52. > :52:55.Remain hoped-for up there. London almost overall in London went for

:52:56. > :53:02.Remain as we expected but not so across the south-east, big slugs of

:53:03. > :53:06.Kent also in blue. Let's have a look at the picture in Scotland because

:53:07. > :53:11.it's very different, all 32 voting areas going for Remain. The turnout

:53:12. > :53:15.was 2.8 million people in Scotland, slightly lower than the UK average,

:53:16. > :53:20.which may be because of the number of votes they've hard in the last

:53:21. > :53:27.few years, they've been to the polls four Times. Edinburgh, 74% for

:53:28. > :53:31.Remain, which opens at this whole discussion about a second

:53:32. > :53:34.independence vote in Scotland. Similar discussion now going on in

:53:35. > :53:41.Northern Ireland, were again they have voted for Remain. 790,000

:53:42. > :53:47.voters, it is a low turnout. This is an interesting area, one of the top

:53:48. > :53:53.five Remain areas in the UK. North Antrim not far away was one of the

:53:54. > :53:58.top Leave areas in the UK. Three out of four areas in hell fast going for

:53:59. > :54:05.Remain. Let me show you another picture again in Wales, just five of

:54:06. > :54:12.the 22 voting areas in Wales going for remain. Cardiff did that Swansea

:54:13. > :54:16.didn't. Some of the other key Labour areas, Merthyr Tydfil, Newport and

:54:17. > :54:23.carefully, going towards Leave. Let me show you for a second five areas

:54:24. > :54:29.that went for Leave in the country -- carefully. Boston in

:54:30. > :54:36.Lincolnshire, 75%. According to the 2011 census it had the biggest

:54:37. > :54:41.Eastern European migrants in England and Wales. Top of the pile. South

:54:42. > :54:46.Holland, Castle Point am a these areas have big support for Ukip,

:54:47. > :54:50.Great Yarmouth has a Ukip mayor. The top five in Remain, not altogether

:54:51. > :54:58.surprising in Gibraltar, almost universal support. The London

:54:59. > :55:01.boroughs of Lambeth, Hackney and Haringey and Foyle. This is called a

:55:02. > :55:06.heat map, the areas in darker blue, those are the areas that when most

:55:07. > :55:08.for Leave. In the east of the country, the East Riding of

:55:09. > :55:13.Yorkshire, we talked about Lincolnshire, Great Yarmouth down

:55:14. > :55:19.here, but other parts of the country as well, North Antrim over here in

:55:20. > :55:23.dark blue. This is a similar sort of map for Remain, the darker orange

:55:24. > :55:28.areas, the central belt of Scotland and central aisles and the Orkney

:55:29. > :55:33.Islands, and down here you have Cambridgeshire, London and then

:55:34. > :55:37.other little spots down here, bright and down at the bottom. That gives

:55:38. > :55:40.you a little picture of how the country was divided. We are also

:55:41. > :55:45.starting to see some information that maybe there was a generational

:55:46. > :55:50.split as well. We hope to season detail on that as the days go by but

:55:51. > :55:54.certainly younger people voting more for the Maine. If you want to look

:55:55. > :56:03.at the details they are on the website, www. Bbc.co.uk/ news. --

:56:04. > :56:06.Remain. In Hartlepool 70% of people wanted

:56:07. > :56:12.to leave the European Union. Fiona Trott has been

:56:13. > :56:18.meeting with some of them. In Hartlepool seven out of ten

:56:19. > :56:21.people backed the Brexit and the turnout was higher than in the

:56:22. > :56:29.General Election, so why do people want to leave? Money, money, more

:56:30. > :56:32.money, we paid more money in and get less out, the National Health

:56:33. > :56:36.Service is a leading point because of immigrants and the schools are at

:56:37. > :56:41.breaking point. More money for the NHS and British instead of these

:56:42. > :56:50.other countries. So you voted Leave, you don't know why? No. Do you think

:56:51. > :56:54.you are just fed up? I'm fed up of Cameron. I don't think Cameron has

:56:55. > :57:01.done anybody any favours. That's why most of the people voted Leave, more

:57:02. > :57:05.against him than anything really. How do you think your life will be

:57:06. > :57:10.improved by being out of Europe? I honestly don't know, I'll just have

:57:11. > :57:14.to wait and see. I think we should have stayed in and I'm really so

:57:15. > :57:20.Dummett upset about it. You are the only person I've met so far today

:57:21. > :57:24.that voted Remain. How do you feel? I feel awful, living in Hartlepool

:57:25. > :57:28.at the moment I want to leave, I want to leave the country and moved

:57:29. > :57:33.to Scotland. We are on our own and that is how it needs to stay, we are

:57:34. > :57:38.better on our own, the others will do the same. I'm not worried, one

:57:39. > :57:43.door closes and another opens, so that is my motto on the let's go for

:57:44. > :57:47.it. 9.4% of people in Hartlepool are unemployed and you get a real

:57:48. > :57:49.feeling that this was a protest vote. That's why many people are

:57:50. > :57:51.pleased with the referendum result and are pleased David Cameron is

:57:52. > :57:57.resigning. Robert Hall is in the Fenland town

:57:58. > :58:00.of Wisbech where more than 70% of the electorate voted

:58:01. > :58:13.for a withdrawal from the EU. Blue skies above Wisbech, at least

:58:14. > :58:18.for some of the time this afternoon and smiles at you much all of the

:58:19. > :58:22.time on the faces of the pro-Brexit voters this morning. Immigration is

:58:23. > :58:25.a big issue here. About a third of the town's population are from

:58:26. > :58:29.Eastern Europe, they've been arriving over the last ten years or

:58:30. > :58:36.so, Latvians, Lithuanians, Polish people. Those voices in the town

:58:37. > :58:39.square. People here say that immigration, the rush of new

:58:40. > :58:43.population has happened too fast, faster than local services can cope

:58:44. > :58:47.with. Talking to people that seems to me to be the main reason why

:58:48. > :58:51.people voted in the numbers that they did. It wasn't so much on the

:58:52. > :58:56.wider issues. Let's talk to a man who wasn't necessarily talking this

:58:57. > :59:01.morning, an estate agent in the town and a Remain voter. What were your

:59:02. > :59:06.thoughts this morning knowing the background to the voting here?

:59:07. > :59:09.Knowing the polls and when the polling stations closed, predicting

:59:10. > :59:13.a slight windfall Remain I was surprised when it moved the other

:59:14. > :59:18.way during the night. I mentioned local issues and gave a brief

:59:19. > :59:24.thumbnail sketch, is this fought on local issues? I think it has been

:59:25. > :59:27.fought on that, there is concern locally about the effects of

:59:28. > :59:31.immigration and being in Europe and the loss of control in terms of the

:59:32. > :59:35.day-to-day lives of people here. Not everyone holds the same view, but

:59:36. > :59:40.that has been the main concern that led to the vote going the way it

:59:41. > :59:43.has. I'm sure you have been sitting in your office, perhaps at home this

:59:44. > :59:46.morning wondering what happens now. What do your instincts tell you

:59:47. > :59:53.about the term that things might go in now? The big concern was the

:59:54. > :59:57.uncertainty that happens, we seem to have a vacuum, both economic and

:59:58. > :00:01.political vacuum for a period of time and uncertainty as to where the

:00:02. > :00:08.economy will go over the last 12 - 48 months as Brexit terms are

:00:09. > :00:13.negotiated. Do you see at Brexit vote as a solution for Wisbech and

:00:14. > :00:17.fenland? Loss of things influencing people to vote Brexit were not

:00:18. > :00:21.directly related to Europe. Europe has been far from perfect for this

:00:22. > :00:25.country and there has been too much red tape and too much control, but I

:00:26. > :00:28.think a lot of the things, immigration, immigrants will stay

:00:29. > :00:33.here because they are settled and have jobs locally and will probably

:00:34. > :00:37.remain even when we do leave the EU. We have been chatting about this all

:00:38. > :00:41.day. At the moment we are hearing strong voices out of Europe. Can you

:00:42. > :00:46.see that continuing, or will pragmatism creep in this matter it

:00:47. > :00:52.has put uncertainty in the minds Dummett minds in Europe in general

:00:53. > :00:55.and the threat to this country, business uncertainty and uncertainty

:00:56. > :00:59.with where interest rates go. In my business back and affect mortgages

:01:00. > :01:02.and things of that nature, and certainly on business investment

:01:03. > :01:07.because of interest rates. I think we've got to wait and see for a

:01:08. > :01:10.period to see if it stabilises and then where people are trying to lead

:01:11. > :01:16.us. Thank you for joining us. Wisbech and Fenland have cast their

:01:17. > :01:19.votes, but the real impact of that, none of us really know and the

:01:20. > :01:28.residents won't know for quite a while yet here.

:01:29. > :01:34.Robert Hall in Wisbech, thank you. The columnist for the Mail on Sunday

:01:35. > :01:39.Peter Hitchens is alongside me, Anushka Asthana, of the Guardian

:01:40. > :01:42.newspaper. Welcome both. Peter Hitchens, I've interviewed quite a

:01:43. > :01:49.few Outer voters who thought they would win, but they are still quite

:01:50. > :01:53.shocked. You are less shocked from what I've been reading. I thought

:01:54. > :01:58.for several weeks it would be an Outer vote on and as soon as I

:01:59. > :02:03.realised that the Labour vote, the working class vote, was swinging

:02:04. > :02:06.heavily for Outer I thought the company is on of them with the old

:02:07. > :02:10.Tories would win it and that is what happened. That is one of the key

:02:11. > :02:16.issues for you, the collapse for Labour? It is not the collapse for

:02:17. > :02:20.Labour, it is a reappearance. Their leader said I think you should vote

:02:21. > :02:24.in but they didn't. It's a reappearance of something that died,

:02:25. > :02:27.the old conservative patriot part of the Labour Party which has been

:02:28. > :02:33.suppressed and ignored by Blairites and the leadership for years and

:02:34. > :02:36.here it found a way to express itself also in a normal election it

:02:37. > :02:42.was loyal to Labour, at either didn't vote for Labour but not Tory,

:02:43. > :02:47.but on this case it could give a serious kicking to people it didn't

:02:48. > :02:51.like. It is extraordinary. I always thought there was a great

:02:52. > :02:53.possibility in this country for a coalition of that vote and the

:02:54. > :02:57.socially conservative Tories who have been similarly sidelined by

:02:58. > :03:01.their Blairite leadership, and it has happened so the Blairites are on

:03:02. > :03:07.the run, good for anyone's point of view. Anushka Asthana? Something

:03:08. > :03:11.clearly happened for the Labour Party, 210 plus of its MPs

:03:12. > :03:16.campaigning to stay in the EU and lots of people in the Labour

:03:17. > :03:20.heartlands voting out. I spent time recently around the country in the

:03:21. > :03:24.Labour heartlands talking about immigration and everywhere you went

:03:25. > :03:27.people were shouting for Out. I wasn't sure in the final few days

:03:28. > :03:31.that was the way the vote was going to go because I was back here and

:03:32. > :03:34.there was a mood and Downing Street were quite confident and they

:03:35. > :03:39.thought they would win. In the early hours of the morning the advisers in

:03:40. > :03:42.Downing Street, the Labour advisers were close to tears, they are

:03:43. > :03:47.absolutely devastated by what we have seen. That's really good to

:03:48. > :03:50.know that those people who have been systematically ignoring their own

:03:51. > :03:56.voters and supporters for so long and comical to see a political party

:03:57. > :04:01.for almost all of their MPs disagree so profoundly on an important issue

:04:02. > :04:05.with the voters. It's amazing this thing has been revealed that we have

:04:06. > :04:08.two political parties, the Conservatives and Labour Party, who

:04:09. > :04:13.disagree profoundly with more than half of the electorate on a 72%

:04:14. > :04:16.turnout. How come our major political parties are so completely

:04:17. > :04:21.out of touch with the people who keep them in office? It's amazing.

:04:22. > :04:26.If it is that fundamental... It is that fundamental. What ought to

:04:27. > :04:32.change? Both of those parties which are both political corpses prop each

:04:33. > :04:36.other up with their own rigor mortis collapse and be replaced by parties

:04:37. > :04:40.which reflect the real divisions in the country. That something that

:04:41. > :04:43.doesn't happen quickly. That is what ought to happen because it's the

:04:44. > :04:48.most important development. In the near future, starting with Labour,

:04:49. > :04:51.Jeremy Corbyn, we have the letter talking about no-confidence, John

:04:52. > :04:56.Spellar and Stephen Tulloch adding to that in the last hour, will he go

:04:57. > :05:03.next week? Could it be that quick? The recriminations are flying, we

:05:04. > :05:06.will have these at the PLP meeting on Monday, or it might be next week

:05:07. > :05:13.if they need longer -- Stephen Kinnock. You would suspect the

:05:14. > :05:16.majority of MPs will want him gone and the Labour membership disagrees.

:05:17. > :05:22.There is a fight over who is to blame, some Labour sources say

:05:23. > :05:27.Corbyn's aides were trying to sabotage the pro-EU campaign and his

:05:28. > :05:31.side say they tried really hard and were closer to what the public

:05:32. > :05:34.wanted. The thing we know is Jeremy Corbyn does not want to go anywhere

:05:35. > :05:37.and he will fight any attempt to depose him. It is not clear whether

:05:38. > :05:44.it is constitutionally accessible for them to try to remove him. It's

:05:45. > :05:47.not just about this referendum, some people wanted Jeremy Corbyn Don

:05:48. > :05:51.Foster what a while, MPs, and what they say or feel is they cannot win

:05:52. > :05:56.a General Election with him as a leader and they don't want to lose

:05:57. > :05:59.their jobs, clearly eager to please. They cannot win a General Election

:06:00. > :06:02.without him either, that's the problem. The parliament we Labour

:06:03. > :06:05.Party want to get rid of Jeremy Corbyn, that is what they spend

:06:06. > :06:08.their lives doing, they have almost no other form of activity but this

:06:09. > :06:13.is just another pretext. Jeremy Corbyn is closer to the Labour

:06:14. > :06:19.voters on this than they are. Well... In truth he's been Dummett

:06:20. > :06:25.against the European Union for most of his career and truer to the

:06:26. > :06:29.voters than they are. Why don't they all resign? They've just established

:06:30. > :06:32.beyond doubt that they don't speak for their own voters. Let's talk

:06:33. > :06:39.about the Conservative Party. Yes, let's! I dislike them even more!

:06:40. > :06:42.This is where it all began, David Cameron promised a referendum and

:06:43. > :06:46.that has lost him his job, or it will do come October. These big

:06:47. > :06:51.beasts of the Cabinet who are so split, what happens? Do they work

:06:52. > :06:55.together? This is a dead party, it's just proved beyond doubt that this

:06:56. > :06:59.party does not speak for its own voters. But for now it is in

:07:00. > :07:03.government, what does it do for the next few months? It is there by

:07:04. > :07:06.virtue of broadcasting rules which give it the prominence it doesn't

:07:07. > :07:12.deserve with money supplied to it by various dodgy billionaires. It has

:07:13. > :07:17.no true popular support. What we need now is a General Election in

:07:18. > :07:22.which the two parties which have formed in a sort of ghostly fashion

:07:23. > :07:25.in the past few weeks, the exit and remain parties fight each other

:07:26. > :07:28.because they much more truly represent the division in this

:07:29. > :07:31.country than the Tory and Labour parties which are almost the same

:07:32. > :07:35.thing, both Blairites and they agree with each other far more than they

:07:36. > :07:38.disagree with each other and we have established that both of those

:07:39. > :07:45.parties disagree with the people. Maybe they will want you instead.

:07:46. > :07:49.May be, they certainly don't want the two main parties. We have to

:07:50. > :07:52.leave it there. Thank you for now, plenty more to come, including over

:07:53. > :07:58.the weekend, I'm sure. Thank you for joining us. Just to tell you that

:07:59. > :08:02.coming up at 7pm this evening you can see a special programme with

:08:03. > :08:08.Nick Robinson looking at the events of the last 24 hours The Big

:08:09. > :08:11.Decision, taking stock of an extraordinary period, that is a work

:08:12. > :08:16.that is going to be overused! For now we leave you with a reminder of

:08:17. > :08:22.what has happened here today. At 4:40am we can now say that the

:08:23. > :08:27.decision taken in 1975 by this country to join the Common Market

:08:28. > :08:33.has been reversed by this referendum to leave the EU.

:08:34. > :08:39.APPLAUSE It's a victory for ordinary people,

:08:40. > :08:43.decent people, it's a victory against the big merchant banks,

:08:44. > :08:48.Dummett against the big as this is and against the politics and I'm

:08:49. > :08:51.proud of everybody who had the courage in the face of all of the

:08:52. > :08:56.threats and everything they were told, they had the guts to stand up

:08:57. > :08:59.and do the right thing. Inevitably, there will be a period of

:09:00. > :09:03.uncertainty and adjustment following this result. We will not hesitate to

:09:04. > :09:07.take any additional measures required to meet our

:09:08. > :09:13.responsibilities as the United Kingdom moves forward.

:09:14. > :09:17.I will do everything I can as Prime Minister to steady the ship over the

:09:18. > :09:22.coming weeks and months. But I do not think it would be right for me

:09:23. > :09:28.to try to be the captain Bastia is our country to its next destination.

:09:29. > :09:33.I am proud of Scotland and how we voted yesterday, it proved that we

:09:34. > :09:36.are a modern, outward looking, open and inclusive country and we said

:09:37. > :09:44.clearly that we do not want to leave the European Union. I believe the

:09:45. > :09:49.British people have spoken up for democracy, in Britain and across

:09:50. > :10:03.Europe will stop and I think we can be very proud of the result.

:10:04. > :10:11.It has been an up and down spell of weather over recent days and will be

:10:12. > :10:12.up and down this weekend as well, sunny for some and wet for