Jun 25, 2016

By Bob Sheppard

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“What do we do now?” That’s the question facing leaders of the remaining 27 nations in the European Union as well as their millions of citizens.

The rest of the world is coming to grips with the new European reality as well, with everyone from travellers to business and financial leaders wondering how they’re going to be affected by the United Kingdom pulling out of the EU.

Citizens of England, Scotland, Wales and Northern Ireland now have to face a very different relationship with the rest of the world. About half of them happy with the results of the referendum; the other half not so happy, and in many cases fearful.

Scotland voted overwhelmingly to stay in the bloc, and for that reason First Minister Nicola Sturgeon says it’s “highly likely” there will be another independence referendum.

There’s fear among some Canadians living and working in the U.K. that they may be lumped together now with other foreign nationals.

The pound has made a dramatic drop in value, and the UK outlook has been downgraded from stable to negative by Moody’s Investors Services.

There are fears by many in Europe that immigration and trade may give way to protectionism and nationalsim.

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