[Brexit: David Cameron to quit after UK votes to leave EU]
UK votes to LEAVE the EU
Leave 51.9% (17,410,742 VOTES)
Remain 48.1% (16,141,241 VOTES)
the UK's "independence day"
"This will be a victory for ordinary people, for decent people."
UKIP leader Nigel Farage
the result would not mean "pulling up the drawbridge"
Boris Johnson, the ex-London mayor
German chancellor Angela Merkel
The pound fell to its lowest level against the dollar since 1985 as the markets reacted to the results. 8% down against the dollar, and 6% lower against the euro.
"The British people have voted to leave the European Union and their will must be respected,"
"The will of the British people is an instruction that must be delivered."
"fresh leadership" was needed
Prime Minister David Cameron
Article 50 of the Lisbon Treaty, which would give the UK two years to negotiate its withdrawal
The Lisbon Treaty
1. Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements.
2. A Member State which decides to withdraw shall notify the European Council of its intention. In the light of the guidelines provided by the European Council, the Union shall negotiate and conclude an agreement with that State, setting out the arrangements for its withdrawal, taking account of the framework for its future relationship with the Union. That agreement shall be negotiated in accordance with Article 218(3) of the Treaty on the Functioning of the European Union. It shall be concluded on behalf of the Union by the Council, acting by a qualified majority, after obtaining the consent of the European Parliament.
3. The Treaties shall cease to apply to the State in question from the date of entry into force of the withdrawal agreement or, failing that, two years after the notification referred to in paragraph 2, unless the European Council, in agreement with the Member State concerned, unanimously decides to extend this period.
4. For the purposes of paragraphs 2 and 3, the member of the European Council or of the Council representing the withdrawing Member State shall not participate in the discussions of the European Council or Council or in decisions concerning it.
A qualified majority shall be defined in accordance with Article 238(3)(b) of the Treaty on the Functioning of the European Union.
5. If a State which has withdrawn from the Union asks to rejoin, its request shall be subject to the procedure referred to in Article 49.