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Brexit: Uncertainties following financial turmoil, new gov't

Reporter: Richard Bestic 丨 CCTV.com

07-25-2016 16:46 BJT

It's been a month since Britain voted to leave the European Union. It reflected widespread concerns even causing economic turmoil around the world. Richard Bestic has been taking a look back at the tumultuous events of the past month.

As morning broke over a post Brexit Britain the full impact of the referendum result was dawning.

For just over half the people Brexit was a brave new world:

"The sun has risen on an Independent United Kingdom," said Nigel Farage, UK Independent Party leader.

For the rest it was more like the morning after the night before.

Economic turmoil quickly followed as share prices and the pound crashed. The Bank of England stepped in but said it had no silver bullet.

Then came political turmoil.

"I do not think it would be right for me to try to be the captain that steers our country to its next destination," said David Cameron, former UK Prime Minister.

All those who'd campaigned for or against Brexit suddenly left the field.

Britain effectively leaderless and with no plan.

Placing pressure on the Union as the Scottish Nationalist government North of the border announced it wanted to quit the UK so it could remain in the EU.

People took to the streets demanding a second referendum. And they took to the courts complaining the Brexit referendum was legally flawed.

And as the country counted the cost, it watched as one Prime Minister quickly departed and a new one arrived with a message wrapped in a mantra.

"Brexit means Brexit. Brexit Means Brexit Brexi Means Brexit," said Theresa May, UK Prime Minister.

Trouble is many aren't too sure what that actually means for Britain's new relationship with the European Union.

The problem for Theresa May's government is that although a majority voted against, it's not entirely clear what they voted for.

Seeking clarity, the new Prime Minister set off on a European tour, meeting the EU's most powerful leader, German Chancellor Angela Merkel.  She accommodating. Take your time she said.

Not so French President Francois Hollande. Get on with it was his response, trigger Article 50 of the Lisbon Agreement and start those Brexit talks for which you voted.

All the while, the UK economy UK was battered by Brexit aftershocks, according to its new finance minister.

The UK says it's leaving the European Union not turning its back on Europe.  Currently though nobody can say for certain what form Britain's new relationship with the EU will take.   

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