Brexit impact: 10 things to know about the political storm in UK

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Even as Britain is coming to terms with its electorate’s vote to exit the European Union(EU), political turmoil in the UK has escalated too.
While the European Union has asked UK to initiate the exit process swiftly, Scotland could throw a spanner in the works as it had voted to ‘remain’ in the EU. Meanwhile, the Labour Party is facing a revolt from its senior leaders, even as uncertainty prevails over Prime Minister David Cameron’s successor. Cameron quit the day the results of the Brexit referendumcame in, leaving it to his successor to deal with what will likely be a messy exit.
Here are 10 things to know about the political crisis that has hit the UK.
Scotland's threat
Scotland is said to be considering a referendum to be independent from UK if Britain actually manages to exit the EU. The move is said to be under consideration after the nation voted to ‘remain’ in the EU. Scottish First Minister, Nicola Sturgeon has also threatened to block Brexit, stating that the decision will need the consent of Scotland’s semi-autonomous Parliament.
Filling the void
British Prime Minister David Cameron announced on Friday that he will step down from the office in three months and that a new leader will take over by October. The Conservative Party has been in a huddle, scouting for a replacement to the PM soon, amid uncertainty over next plan of action for the country. Some reports indicate ex-mayor Boris Johnson, who favoured the ‘Leave’ campaign, could be his successor. Read More

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