The UK is no more in the EU, so what would happen following this exit. On 24 June 2016 at 6.00 BST, the UK voted out of the European Union. The intricacies are that the UK will not be ousted immediately, it may take several years to relinquish the membership. But nevertheless the the pact has been inked and it has caused a sting of reactions across the nation. On this account, the Prime Minister, David Cameron said that the 2.9 million EU citizens need not worry about this Brexit (as it is known popularly). Though, he was to remain in power, he made an announcement of his exit in autumn, calling him unfit for the office and the country needs a new captain.
Following this exit a new prime minister from the conservative party is expected to be sworn in on 9 September. According to the presiding rules, the conservative MPs hold a series of ballots and the two least popular candidates will be removed. The final two will meet each other for a run-off where the party member cast their vote. This was how Cameron was elected in 2005. Meanwhile the labour leader Jeremy Corbyn is under pressure to step down. A no confidence motion was passed against Corbyn accusing him of weak leadership.