European Union leaders met for the first time without Britain on Wednesday less than a week after it voted to leave, delivering a tough message that London can access the bloc’s lucrative single market only if it agrees to allow free movement for EU workers.
Last week’s shock referendum vote to leave the EU has caused global financial market turmoil, sent the pound sterling tumbling and wiped billions off the value of British shares. Britain’s giant financial services sector, roughly 8 percent of economy, relies crucially on access to the EU market.
Prime Minister David Cameron, who campaigned to stay in the EU and lost, has announced his resignation and left it up to his successor to negotiate the terms of Britain’s exit.
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