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You can find the current article at its original source at https://www.theguardian.com/politics/live/2016/jun/23/eu-referendum-result-live-counting-leave-remain-brain-in-europe
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| Brexit live: David Cameron to step down over EU referendum result | |
| (35 minutes later) | |
| 9.51am BST | |
| 09:51 | |
| Maev Kennedy | |
| The arts face many challenges in the wake of the Brexit vote, the actor and director Samuel West has warned. West, who is chair of the National Campaign for the Arts, said: | |
| The vast majority of those working in the cultural sector backed a vote to remain. We are now very concerned about our ability to access important European funding, such as the €1.3bn Creative Europe programme. But the implications for the arts don’t end with money. There are a host of other issues that we must address over the coming months: international artistic exchange, export of cultural products, copyright, visas and access to training in European centres of excellence, to name just some. The National Campaign for the Arts will do all it can to ensure that an exit from the EU does not mean a fall from our position as world leaders in the arts and creativity. | |
| We call on the secretary of state for culture, media and sport to do everything in his power to ensure that there is no further damage to the sector as a result of yesterday’s vote. This has been a hard-fought and difficult campaign. Now more than ever the arts need resources and support to allow us to play a role in bringing communities back together and to continue to fly the flag for British culture. | |
| Updated | |
| at 9.58am BST | |
| 9.46am BST | |
| 09:46 | |
| Guardian reporter Saeed Kamali Dehghan has sent this from Oslo, where Norwegians have been closely watching the results of the referendum in the UK – even though they are not part of the European Union. | |
| Reeta Torronen, 37, who works at an advertising company, expressed worries about the future of the EU without Britain. “I am scared,” she said. “That might be the beginning of whole EU falling apart. Britain has money and power and the EU would be much weaker without it.” | |
| “Shock and disbelief of the yes-side,” read the main headline on the website of the newspaper Aftenposten. Another Norwegian daily, Dagens Næringsliv, concluded that the financial consequences of the Brexit would be “brutal. This is what we feared would happen.” | |
| A middle-aged Norwegian woman, who preferred not to give her name, said she believed Britain did not have much to lose. “We are not in the EU either and I believe it’s better to be out.” | |
| Joseph Friend, a 31-year-old American visiting Oslo, said: “It’s a horrible idea to leave, we have enough turmoil because of Hillary and Trump who are creating mayhem so it’s a shame to see other countries dissolving.” | |
| A 31-year-old Norwegian personal trainer, David Ewalde, feared the repercussions. “I don’t know what would the repercussions will be but the British people wanted to leave because they thought the benefits of doing so outweighed the cost, but I’m not sure if that’s a right decision.” | |
| 9.46am BST | |
| 09:46 | |
| Justin Welby, the archbishop of Canterbury, says Britain will have to “reimagine” its place in the world in the wake of the vote but should continue to cherish “our wonderfully diverse society”. | |
| In a statement, Welby, who came out in favour of remain, said: | |
| The vote to withdraw from the European Union means that now we must all reimagine both what it means to be the United Kingdom in an interdependent world and what values and virtues should shape and guide our relationships with others. | |
| We must now unite in a common task to build a generous and forward looking country, contributing to human flourishing around the world. We must remain hospitable and compassionate, builders of bridges and not barriers. Many of those living among us and alongside us as neighbours, friends and work colleagues come from overseas and some will feel a deep sense of insecurity. We must respond by offering reassurance, by cherishing our wonderfully diverse society, and by affirming the unique contribution of each and every one. | |
| The referendum campaign has been vigorous and at times has caused hurt to those on one side or the other. We must therefore act with humility and courage - being true to the principles that make the very best of our nation. Unity, hope and generosity will enable us to overcome the period of transition that will now happen, and to emerge confident and successful. The opportunities and challenges that face us as a nation and as global citizens are too significant for us to settle for less. | |
| Updated | |
| at 9.53am BST | |
| 9.34am BST | |
| 09:34 | |
| Jessica Elgot | |
| The defence secretary, Michael Fallon, has said he would have preferred to the prime minister to remain longer in his post. | |
| Speaking on BBC News, Fallon said: “Yes, you can argue you need someone part of the leave campaign to lead the negotiations. I think the PM would have been the best person [to negotiate], but it’s his decision, it was the honourable decision, now we’ve got to get on and make this work.” | |
| Asked about the prospects of Boris Johnson becoming prime minister, Fallon said: “He’ll be one of the candidates; there’ll be other candidates. A bit too early to start making the odds. I’m certainly not going to be putting my hat in the ring.” | |
| On the economy he said: “You have seen the turmoil in the markets, it’s beginning to recover, but … Osborne was right to warn there will be consequences. | |
| “I hope we will resume growth and see investment decisions. Obviously investment was paused while we waited for the result and now we may have to wait a little longer for the result of the negotiations.” | |
| Updated | |
| at 9.38am BST | |
| 9.29am BST | |
| 09:29 | |
| Donald Trump hails Brexit vote as a 'great thing' | |
| The US presidential hopeful Donald Trump has said it is a “great thing” that the people of the UK have “taken back their country”. | |
| He made the remarks as he touched down at his Trump Turnberry golf resort in Scotland. Interesting timing. | |
| Updated | |
| at 9.39am BST | |
| 9.24am BST | 9.24am BST |
| 09:24 | 09:24 |
| Our reporter on the ground in Germany, Kate Connolly, has sent this report of the reaction in Berlin: | |
| Angela Merkel is meeting her party and parliamentary heads in the chancellery at 11.30am (10.30am UK time), for an emergency meeting to discuss the consequences of the UK’s Brexit vote. Various cabinet ministers are also expected to be present. She is due to deliver a statement an hour later.. | Angela Merkel is meeting her party and parliamentary heads in the chancellery at 11.30am (10.30am UK time), for an emergency meeting to discuss the consequences of the UK’s Brexit vote. Various cabinet ministers are also expected to be present. She is due to deliver a statement an hour later.. |
| Sigmar Gabriel, the head of Germany’s Social Democrats – the coalition partners in Angela Merkel’s government – said in an interview that the British vote does not signal a downfall, rather, “the chance for a new beginning.” | |
| He called Brexit a “shrill wake up call” for European politicians. “Whoever fails to heed it or takes refuge in the usual rituals, will drive Europe against the wall,” he said. | |
| Updated | |
| at 9.30am BST | |
| 9.22am BST | 9.22am BST |
| 09:22 | 09:22 |
| Steven Morris | Steven Morris |
| The Plaid Cymru leader, Leanne Wood, has called it a “dark and uncertain morning.” | The Plaid Cymru leader, Leanne Wood, has called it a “dark and uncertain morning.” |
| She said: “People in Wales and elsewhere in the UK have voted to leave the European Union – their will must be respected. | She said: “People in Wales and elsewhere in the UK have voted to leave the European Union – their will must be respected. |
| “The top priority now must be to secure political and economic stability for Wales and the rest of the United Kingdom. | “The top priority now must be to secure political and economic stability for Wales and the rest of the United Kingdom. |
| “With Scotland voting to remain and a second independence referendum now on the cards, it is clear that the UK cannot continue in its current form. Wales, its economy and its communities will soon be at the full mercy of the Westminster elite and robust action must be taken to mitigate the impact of this. | “With Scotland voting to remain and a second independence referendum now on the cards, it is clear that the UK cannot continue in its current form. Wales, its economy and its communities will soon be at the full mercy of the Westminster elite and robust action must be taken to mitigate the impact of this. |
| “All the promises made by the eave campaign, with regards to safeguarding grants and financial support for Wales and our NHS must now be fully honoured, not only up to 2020 under current EU programmes, but beyond that into the future. | |
| “Plaid Cymru will work to ensure that every penny and every key power that is handed down directly from Brussels comes to Wales. | “Plaid Cymru will work to ensure that every penny and every key power that is handed down directly from Brussels comes to Wales. |
| “On this dark and uncertain morning for our country, people can rest assured that Plaid Cymru is united, confident and focused on getting the best for Wales. We are determined to do everything we can in order to empower our national institution and protect our communities.” | “On this dark and uncertain morning for our country, people can rest assured that Plaid Cymru is united, confident and focused on getting the best for Wales. We are determined to do everything we can in order to empower our national institution and protect our communities.” |
| Updated | |
| at 9.27am BST | |
| 9.20am BST | 9.20am BST |
| 09:20 | 09:20 |
| Here’s the full text of Cameron’s statement: | Here’s the full text of Cameron’s statement: |
| There can be no doubt about the result. Across the world, people have been watching the choice that Britain has made. I want to reassure those markets that Britain’s economy is fundametally strong. I would also reassure Brits in European countries and EU citizens living here that there will be no immediate changes in your circumstances. There will be no initial change in how we can travel, how our services and goods can move. we must now prepare for a negotiation with the EU. This will needed to involve the full participation of the Scottish, Welsh and Northern Irish governments to ensure all parts of our United Kingdom are protected and advanced. | There can be no doubt about the result. Across the world, people have been watching the choice that Britain has made. I want to reassure those markets that Britain’s economy is fundametally strong. I would also reassure Brits in European countries and EU citizens living here that there will be no immediate changes in your circumstances. There will be no initial change in how we can travel, how our services and goods can move. we must now prepare for a negotiation with the EU. This will needed to involve the full participation of the Scottish, Welsh and Northern Irish governments to ensure all parts of our United Kingdom are protected and advanced. |
| Above all this will require strong, determined and committed leadership. I am proud and very honoured to have been the prime minister of this country for six years. | Above all this will require strong, determined and committed leadership. I am proud and very honoured to have been the prime minister of this country for six years. |
| I have always believed we need to confront big decisions not duck them. I fought this campaign in the only way I know how, to say directly and passionately what I think and feel, head, heart and soul. I held nothing back. I was absolutely clear about my belief that Britain is stronger, safer and better off inside the EU. I made clear the referendum was about this and this along not the future of any single politician, including myself. But the British people made a different decision to take a different path. As such I think the country requires fresh leadership to take it in this direction. I will do everything I can as prime minister, to steady the ship in the weeks ahead, but I do not think it would be right for me to try to be the captain that steers our country to the next destination. This is not a decision I have taken lightly but I do think it is in the national interests to have a period of stability and then the new leadership required. In my view we should aim to have new prime minister by the start of the Conservative party conference in October, delivering stability will be in important and I will continue in post with my cabinet for the coming months. The cabinet will meet on Monday. | I have always believed we need to confront big decisions not duck them. I fought this campaign in the only way I know how, to say directly and passionately what I think and feel, head, heart and soul. I held nothing back. I was absolutely clear about my belief that Britain is stronger, safer and better off inside the EU. I made clear the referendum was about this and this along not the future of any single politician, including myself. But the British people made a different decision to take a different path. As such I think the country requires fresh leadership to take it in this direction. I will do everything I can as prime minister, to steady the ship in the weeks ahead, but I do not think it would be right for me to try to be the captain that steers our country to the next destination. This is not a decision I have taken lightly but I do think it is in the national interests to have a period of stability and then the new leadership required. In my view we should aim to have new prime minister by the start of the Conservative party conference in October, delivering stability will be in important and I will continue in post with my cabinet for the coming months. The cabinet will meet on Monday. |
| The negotiation with the European Union will need to take place under the next prime minister, and the new prime minister takes the decision about whether to trigger Article 50, the legal process of leaving the EU. I will attend the European Council next week to explain the decision the British people have taken and the decision I have taken. | The negotiation with the European Union will need to take place under the next prime minister, and the new prime minister takes the decision about whether to trigger Article 50, the legal process of leaving the EU. I will attend the European Council next week to explain the decision the British people have taken and the decision I have taken. |
| I love this country and I feel honoured to have served it. And I will do everything I can in future to help this great country succeed. | I love this country and I feel honoured to have served it. And I will do everything I can in future to help this great country succeed. |
| 9.16am BST | 9.16am BST |
| 09:16 | 09:16 |
| Pamela Duncan | Pamela Duncan |
| The EU referendum turnout represents the the single highest UK-wide election turnout of the past two decades. | The EU referendum turnout represents the the single highest UK-wide election turnout of the past two decades. |
| The final turnout was 72.2%, higher than any general referendum since 1997 but lower than that recorded in the Scottish independence referendum in 2014 when turnout reached 84.6%. | The final turnout was 72.2%, higher than any general referendum since 1997 but lower than that recorded in the Scottish independence referendum in 2014 when turnout reached 84.6%. |
| Below is a selection of voter turnout in selected general elections and the 2014 Scottish independence referendum. | Below is a selection of voter turnout in selected general elections and the 2014 Scottish independence referendum. |
| 9.14am BST | 9.14am BST |
| 09:14 | 09:14 |
| Carney concluded his statement with this: | Carney concluded his statement with this: |
| A few months ago the Bank judged that the risks around the referendum were the most significant near-term domestic risk to financial stability. To mitigate them, the Bank has put in place extensive contingency plans and these plans beginning with ensuring that the core of our financial system is well capitalised, is liquid and is strong ... All of these resources will support orderly market functioning in the face of any short term volatility. | A few months ago the Bank judged that the risks around the referendum were the most significant near-term domestic risk to financial stability. To mitigate them, the Bank has put in place extensive contingency plans and these plans beginning with ensuring that the core of our financial system is well capitalised, is liquid and is strong ... All of these resources will support orderly market functioning in the face of any short term volatility. |
| The Bank will continue to consult and cooperate with all relevant domestic and international authorities, to ensure that the UK financial system can absorb any stresses and can do its job of concentrating of serving the real economy. That economy will adjust to new trading relationships that will be put in place over time. And it is these public and private decisions which will determine the UK’s longterm economic prospects. The best contributing we can make is to continue to pursue relentlessly our responsibilities for monetary and financial stability. We have taken all the necessary steps to prepare for today’s events and in the future we will not hesitate to take any additional measures required. | The Bank will continue to consult and cooperate with all relevant domestic and international authorities, to ensure that the UK financial system can absorb any stresses and can do its job of concentrating of serving the real economy. That economy will adjust to new trading relationships that will be put in place over time. And it is these public and private decisions which will determine the UK’s longterm economic prospects. The best contributing we can make is to continue to pursue relentlessly our responsibilities for monetary and financial stability. We have taken all the necessary steps to prepare for today’s events and in the future we will not hesitate to take any additional measures required. |
| His words have only been of some help, according to our banking specialist Jill Treanor. | His words have only been of some help, according to our banking specialist Jill Treanor. |
| Carney's words don't appear to have done much to help bank shares, although FTSE losses at 4.8% compared with almost double that at the open | Carney's words don't appear to have done much to help bank shares, although FTSE losses at 4.8% compared with almost double that at the open |
| 9.07am BST | 9.07am BST |
| 09:07 | 09:07 |
| Here’s the video of Mark Carney’s statement this morning. | Here’s the video of Mark Carney’s statement this morning. |
| 9.03am BST | 9.03am BST |
| 09:03 | 09:03 |
| More calming words from Carney: | More calming words from Carney: |
| The capital requirements of our largest banks are now 10 times higher than before the financial crisis. The Bank of England has stress-tested those banks against scenarios far more severe than our country currently faces. As a result of these actions UK banks have raised over £130bn of new capital and now have more than £600bn of high quality liquid assets. That substantial capital and huge liquidity gives banks the flexibility they need to continue to lend to UK businesses and households even during challenging times. | The capital requirements of our largest banks are now 10 times higher than before the financial crisis. The Bank of England has stress-tested those banks against scenarios far more severe than our country currently faces. As a result of these actions UK banks have raised over £130bn of new capital and now have more than £600bn of high quality liquid assets. That substantial capital and huge liquidity gives banks the flexibility they need to continue to lend to UK businesses and households even during challenging times. |
| Moreover, as a backstop to support the functioning of the markets the Bank of England stands ready to provide more than £250bn of additional funds through its normal market operations. The Bank of England is also able to provide substantial liquidity in foreign currency if requires. We expect institutions to draw on this funding if and when appropriate. | Moreover, as a backstop to support the functioning of the markets the Bank of England stands ready to provide more than £250bn of additional funds through its normal market operations. The Bank of England is also able to provide substantial liquidity in foreign currency if requires. We expect institutions to draw on this funding if and when appropriate. |
| Updated | Updated |
| at 9.19am BST | at 9.19am BST |
| 8.55am BST | 8.55am BST |
| 08:55 | 08:55 |
| Carney added: | Carney added: |
| It will take some time for the UK to establish a new relationship with Europe and the rest of the world. So some market and economic volatility can be expected as this process unfolds, but we are well prepared for this. Her Majesty’s Treasury and the Bank of England have engaged in extensive contingency planning and the chancellor and I have remained in close contact including through the night and this morning. The Bank of England will not hesitate to take additional measure as required, as markets adjust. | It will take some time for the UK to establish a new relationship with Europe and the rest of the world. So some market and economic volatility can be expected as this process unfolds, but we are well prepared for this. Her Majesty’s Treasury and the Bank of England have engaged in extensive contingency planning and the chancellor and I have remained in close contact including through the night and this morning. The Bank of England will not hesitate to take additional measure as required, as markets adjust. |
| 8.51am BST | 8.51am BST |
| 08:51 | 08:51 |
| Mark Carney makes Bank of England statement on Brexit | Mark Carney makes Bank of England statement on Brexit |
| Mark Carney, the governor of the Bank of England, is making a statement to try to reassure the markets. He says the Bank will “not hesitate” to steady the markets. Carney said it will make an extra £250bn available to the banks. | Mark Carney, the governor of the Bank of England, is making a statement to try to reassure the markets. He says the Bank will “not hesitate” to steady the markets. Carney said it will make an extra £250bn available to the banks. |
| Updated | Updated |
| at 9.05am BST | at 9.05am BST |