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Brexit
Voters
in the United Kingdom have voted to leave the European Union. It’s a major blow
to European political and economic integration and a huge embarrassment for
Prime Minister David Cameron, who might lose his job as a result. Cameron just announced he will resign "Britain
is better off inside the EU than out on our own. At the heart of that is the
single market. 500 million customers on
our doorstep. A source of so many jobs, so much trade, a such a wealth of opportunity
for our young people."
Britain’s exit will also have huge implications for the British economy. The EU functions as a single integrated
economy kind of like the United States. And now that Britain is out regulations
could make it harder to move goods across the English Channel.
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