Lawmakers find uncertainty in the wake of U.K. exit from European Union

Congressman Pompeo (R-KS) says it's important that Britons chose their own destiny.
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WASHINGTON (Gray DC) - The British have spoken, choosing late Thursday night to leave the European Union. The decision is causing a ripple effect throughout the international community, and lawmakers on Capitol Hill are considering the repercussions.

"I think that the people of Britain made a decision for themselves that they wanted outside of the tyranny of Brussels,” said Congressman Mike Pompeo (R-KS).

Pompeo says a lot of changes are to come, but not to the special relationship between the U.S. and the U.K.

"I’m very confident the relationship with the people of England, the people of Britain, will remain a strong one. I think that’s incredibly important,” said Pompeo.

Pompeo says it’s important the British people are the ones deciding which direction they want their country to go.

But Congressman Dave Loebsack (D-IA) is concerned with the economic uncertainty that comes with this decision. U.S.markets opened significantly lower Friday because of the vote.

"I think it does create…some instability in the world markets,” said Loebsack. “Long-term, it’s hard to know at this point what’s going to happen.”

Prime Minister David Cameron announced he’ll be stepping down when his ardent Remain campaign failed. Loebsack says new leadership brings even more unknowns to this situation.

"We’ve got to maintain our relationship with Great Britain no matter who is in power, no matter who the government is, no matter what they decide to do economically. We have to work with them,” said Loebsack.

When the U.K. officially notifies the EU of its intention to leave, the process to sever ties takes two years.



 
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