The BBC is not responsible for the content of external sites. Read about our approach to external linking. You have successfully emailed the post. Markets are in eu referendum poll date mode after the revelation that the UK is a broken nation.
And the worst is yet to come. But it is not just the immediate market fallout that Britain has to worry about — it is the future of our sociopolitical landscape. Britain is divided, and the political contagion to follow not only threatens to wreck the European Union as a whole — it could spread across the globe. 344 billion, of “additional capital to its normal operations. Essentially the BOE is ready to prop up the UK’s financial system to protect it from the direct impacts of the Brexit. The central bank wanted to calm the markets.
Just look at the pound: At one point it was hitting a 30-year low and was trading worse than on “Black Wednesday. The lower the rating, the more expensive it is for the country to borrow money. The Leave campaign dismissed those forecasts as being part of what it called “Project Fear,” which it said was designed to scare people into sticking with the status quo. But not this time, and this is why the results of this referendum highlight just how fractured Britain is. The results showed some glaring problems. 46,499,537 people who were entitled to take part in the vote. This is a record number for a UK poll.