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24 June 2016

UK votes to leave the European Union

Following yesterday’s Referendum on the UK’s membership of the European Union, the UK has voted to leave the EU.

51.9% voted to leave and 48.1% voted to remain, with a 71.8% turnout. In Wales, the final vote share was 52.5% (leave) to 47.5% (remain) with 17 of 22 local authorities voting to leave. Cardiff, Vale of Glamorgan, Monmouthshire, Gwynedd and Ceredigion voted to remain.

Community Housing Cymru outlined the implications of leaving the EU for Welsh housing associations in its recent in-depth briefing paper on the EU Referendum.

David Cameron has announced this morning that he will step down from his position in October before the Conservative Party Conference. The new Prime Minister will then need to decide when to trigger Article 50 of the Lisbon Treaty which would give the UK two years to negotiate its withdrawal and a new agreement with the European Union.

We will be working closely with politicians and civil servants to understand the full impact for the sector and we will keep you updated on any further developments.