Updated: June 24, 2016 by Kara Downing, CFP®
More than 30 million people (a 72% voter turnout) from England, Scotland, Wales, and Northern Ireland went to the polls this past Thursday to decide whether Britain would remain part of the European Union (E.U.) or be the first country to leave the 28-member bloc. After a neck-and-neck campaign highlighting the stark contrast in opinion, the U.K. voted to exit (or “Brexit,” as it has been informally named) the E.U. by a final vote of 51.89% to 48.11%. Scotland, Northern Ireland, London, and other major cities in England had Remain majorities, while Leave won the majority of votes in Wales and England. The decision quickly led to the resignation of U.K. Prime Minister David Cameron, a strong proponent of the U.K. remaining part of the E.U., who is expected to leave his post sometime in October.