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With almost all the results declared voters backed Brexit by a margin of 52 to 48 per cent.
Britain is to leave the European Union after a nearly half a century plunging the country into unchartered political and economic territory.
The result will now trigger a formal process of British withdrawal from the European Union. A planned meeting of European leaders next week in Brussels will now become an emergency Brexit summit.
The Ukip leader Nigel Farage claimed victory saying “dawn was breaking on an independent United Kingdom”.
Provocatively he said he hoped the vote would be a catalyst for the complete collapse of the European Union.
David Cameron has resigned as Prime Minister after Britain voted to leave the European Union.
The US presidential hopeful, has arrived in the UK and said he is “very happy” about the Brexit vote.
He said: “I think it’s a great thing that happened, an amazing vote, very historic.
“We’re very happy. “
The Bank of England governor Mark Carney has made the following statement:
“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.
Nicola Sturgeon said it the vote in Scotland “made clear” that it saw its future as part of the European Union.
Brexit winner, bad history for Britain!
Scotland Is Already Hinting at Another Referendum to Leave the U.K. After Brexit Vote!