British polling has suffered another embarrassment after its failure to predict the Conservative Party majority vote in 2015.
The major impacts for the British people and world at large include:
- Cameron out. Immediate impact on the British and world economy from the withdrawal. Dow drops 600 points.
- The British government falls. Cameron is out and a new prime minister in October.
- EU crisis. Europe loses its most powerful nation. Nationalist, anti-immigrant parties gather strength.
- Not “Great Britain.” Scotland, other parts of Britain may seek seceding votes.
- Good for the bear. The Atlantic and NATO alliances weakened. Russia wins from European disunion.
- Elites in trouble. British voters highlighted the divide in western developed societies. Immigration, national identity and sovereignty are top issues with British electorate (52% at least). The conflict brought down the government and similar divisions are rolling Western center-right and left politics throughout the Continent and U.S.
- Good for Donald, not for Hillary. Good news for Donald Trump and his anti-immigrant, nationalist campaign. He endorsed the “leave” side. Hillary Clinton represents the elite D.C./NY position. She is “stay” all the way.
Brexit: Leave the EU Closed the Gap
Will Britain Leave the EU?