Britain has voted to leave the European Union, with 52 per cent favouring Brexit.
IAAF chief executive, Wendy Williamson said the government must work to ensure economic stability.
She said: “We do not envisage any immediate impact on the UK aftermarket and will continue to work closely with our colleagues throughout Europe to see what this result means for the UK independent aftermarket and the automotive industry as a whole.”
This morning’s news, dubbed as the UK’s “independence day” by EUKIP leader, Nigel Farage, will bring a sigh of relief for many independent garages that took part in a GW opinion poll earlier this year.
Immigration and EU legislation were among the biggest concerns of remaining in the EU and almost two thirds of respondents said they didn’t have any fears about leaving.
One respondent commented: “Short term pain will hopefully lead to a better future outside the EU.
‘Short term pain’
“The best option would be to return to a common market, which is what we signed up for in the first place.”
Another said: “We need to get back to making things like the good old days put the Great back into Britain.
“Our grandfathers put their lives on the line to stop what is now happening to us.”
30 per cent believed their business will benefit from leaving straight away while 36 per cent believe the benefits may only be felt in the long term.
Just 16 per cent changed their minds about the EU since the campaign began.
Of those respondents that supported the remain campaign, uncertainty and loss of influence were among the main arguments against leaving the EU.
Licensing
One remain supporter said: “Our industry remains unlicensed.
“If we leave this will never happen.”
Commented on GW today following the results, GW reader Andy said: “I think the result of the EU vote today has shown that people have had enough of being pushed around by organisations and government departments who ignore people’s views and opinions.”
David Cameron to step down
In an emotional statement made by Cameron outside Downing Street this morning he has announced that he will step down from his role by October.
He said: “I fought this campaign in the only way I know how, to say directly and passionately what I think and feel, head, heart and soul.
“I held nothing back.
“I was absolutely clear about my belief that Britain is stronger, safer and better off inside the EU.”
It will be up to the new prime minister to carry out negotiations with the EU and invoke article 50 of the Lisbon Treaty, which will give the UK two years to negotiate its withdrawals, Cameron has explained.
The pound has fallen to its lowest level against the dollar since 1985.
More to follow.
Please leave your comments and any concerns below.
tango
A Prime Minister resigned. The £ plummeted. The FTSE 100 lost significant ground. But then the £ rallied past February levels, and the FTSE closed on a weekly high: 2.4% up on last Friday, its best performance in 4 months. President Obama decided we wouldn’t be at the ‘back of the queue’ after all and that our ‘special relationship’ was still strong. The French President confirmed the Le Touquet agreement would stay in place. The President of the European Commission stated Brexit negations would be ‘orderly’ and stressed the UK would continue to be a ‘close partner’ of the EU. A big bank denied reports it would shift 2,000 staff overseas. The CBI, vehemently anti-Brexit during the referendum campaign, stated British business was resilient and would adapt. Several countries outside the EU stated they wished to begin bi-lateral trade talks with the UK immediately. If this was the predicted apocalypse, well, it was a very British one. It was all over by teatime. Not a bad first day of freedom.
tango
A Prime Minister resigned. The £ plummeted. The FTSE 100 lost significant ground. But then the £ rallied past February levels, and the FTSE closed on a weekly high: 2.4% up on last Friday, its best performance in 4 months. President Obama decided we wouldn’t be at the ‘back of the queue’ after all and that our ‘special relationship’ was still strong. The French President confirmed the Le Touquet agreement would stay in place. The President of the European Commission stated Brexit negations would be ‘orderly’ and stressed the UK would continue to be a ‘close partner’ of the EU. A big bank denied reports it would shift 2,000 staff overseas. The CBI, vehemently anti-Brexit during the referendum campaign, stated British business was resilient and would adapt. Several countries outside the EU stated they wished to begin bi-lateral trade talks with the UK immediately. If this was the predicted apocalypse, well, it was a very British one. It was all over by teatime. Not a bad first day of freedom.