Today's Big Stories

Brexit debate was 'dumbed-down' and will come back to bite markets, says expert

The Brexit debate was oversimplified for UK citizens and both "leave" and "remain" camps are to blame for perpetuating false perceptions about the European Union (EU).

This is according to Elizabeth Sidiropoulos, Chief Executive of the South African Institute of International Affairs.

She says that global markets did not sufficiently factor in the possibility of the "leave" outcome in Britain's referendum on the EU.

UK citizens voted to bow out from the EU, leading to market volatility and the announcement that Prime Minister David Cameron would resign.

Most people outside the UK didn't expect the result that we had.

Elizabeth Sidiropoulos, CEO South African Institute of International Affairs.

Sidiropoulos says that Cameron will have to enter into difficult negotiations with the EU and European Commission on the terms of the exit.

According to Sidiropoulos, market volatility may continue while the political future of Britain remains uncertain.

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