In the greatest political upset of recent time, Britain has voted to leave the European Union. We are now in uncharted waters in both UK and EU politics.
The first question is what does David Cameron do? We can expect a statement from him later this morning. But the bigger question is how does the exit process work? We know that Vote Leave oppose triggering Article 50 immediately, beacuse they want to thrash out the outlines of a deal before doing that.
I suspect that the initial reaction in Brussels and other EU capitals will be shock and anger at the result. How long that takes to calm is key to whether this exit negotiation can be concluded successfully. There is also the question of whether the EU comes back with any kind of counter-offer, something that is unlikely but not impossible.
So, why did the UK vote to Leave? The simple answer is immigration.
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