Britain's standing in the world won't suffer much damage either. In the markets, Brexit is being treated as a cross between the collapse of Lehman Brothers and the start of World War III. As economic shocks go, leaving the EU will turn out to have been a minor one. Prime Minister David Cameron has announced his intention to resign, and the main opposition Labour Party is in turmoil. He writes columns for the Daily Telegraph and Dow Jones MarketWatch, and is a contributor to The Spectator.

Source: CNN June 28, 2016 23:26 UTC