United Kingdom ViewPoint: EU Referendum- The Long Goodbye? June 2016
On Thursday 23 June the UK population voted by 51.9% to 48.1% to leave the European Union (EU). Turnout was 72%, with a record 46.5 million people eligible to vote, causing Prime Minister David Cameron to resign.
In voting to leave the EU, the UK has made probably its most profound economic and political decision in 60 years – a decision seemingly reflecting our identity as a nation, our values, our dissatisfaction with the EU economic and legal model, a rejection of integration and globalisation, and dissatisfaction with ‘the establishment’. But what happens next, and what does it mean for real estate? In this note we sketch out some of the big issues to watch.