More countries will follow Britain out of the EU unless there is significant reform, according to a string of nations both inside and outside the EU.

COMMENT: I am convinced markets have over-reacted to the Brexit vote. There should have been a negative reaction. Markets were not expecting this outcome.

COMMENT: All those Facebook shares, Twitter hashtags and Snapchat videos couldn't save Britain's youth from being the big losers in the Brexit referendum.

After ten weeks of intense and often bitter rivalry between opposing camps, many reputations were made - and lost.

You've got to hand it to the Brits - they certainly know a thing or two about grim humour.

Kiwis are already cashing in on Brexit, with a currency exchange chain reporting record high numbers of people through their doors today.

What have we done? Brits frantically Google 'what is the EU?', hours after voting to leave it as Brexit remorse spreads.

Say hello to curvy bananas and crooked cucumbers - Leave voters are celebrating changing the course of history and breaking free from the EU laws and regulations.

Yet the parallels between the forces that drove the British vote and those at the core of Trump's campaign are striking.

The risk of another recession has escalated after Britain's decision to leave the EU plunged markets into freefall.

Britain must begin exit talks "as soon as possible", EU leaders said as they battle to prevent copy-cat referendums.

The City will no doubt survive as a financial capital but United Kingdom is unlikely to.

New Zealanders stand to gain from possible interest rate cuts and cheaper travel in Britain and Europe.

Britain's Prime Minister David Cameron resigned last night hours after the UK shocked the world by voting to leave the European Union.

David Cameron last night fell on his sword, announcing there will be a staged exit from Number 10 and a new prime minister by October.

Scotland's first minister Nicola Sturgeon said a second vote in just two years on whether Scotland should leave the United Kingdom in now "highly likely".

COMMENT: Despite the views of David Cameron, a majority of MPs, the UK business community, Britain's voters have defied them all to return a Leave vote.

More than £100billion was wiped off the FTSE 100 - the biggest fall in UK history - as Britain's decision to leave the EU caused panic across the globe.

COMMENT: The political fallout will be equally dramatic as Britain and the EU work through whatever plan they have for the break-up.

COMMENT: If ever John Key was in a position to help his political "bestie" this is it.

Global financial markets were thrown into turmoil yesterday after Britons voted to exit the European Union (EU).

"The will of the British people must be respected" - British PM announces his resignation after the historic EU referendum delivered clear backing for Brexit.

Andrew Little said the Brexit vote would lead to a period of uncertainty but all was not lost, while Winston Peters compared it to victory over Hitler.

Britain has voted clearly in favour of leaving the EU, but that is just the start of a very long process.

No matter what Britain decides, leaders say ambitions to build a united continent may be on hold after the bitter campaign exposed deeper troubles.

If the polls are to be believed, the vote could be very close. Here's why that is such a worrying prospect.

The UK has voted to leave the European Union by a majority 52 per cent.

Germany's Bild newspaper has played on friendly stereotypes in a last-ditch plea to Britons to stay in the European Union.