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This program is live captioned by Ericsson Access Services. Tonight: Shockwaves across the world as Britons vote to leave the European Union. I'm live at Downing Street where the Prime Minister David Cameron has announced he will resign, as the repercussions of this historic decision are felt right across Europe. Global markets in turmoil, and the pound plummets to a 30 year low. Experts warn Canberra isn't doing enough to ensure future water supplies. And Australia's Ben Simmons the number one pick in America's biggest basketball league. Good evening and welcome to ABC News, I'm Virginia Haussegger. The biggest shock in European politics since the fall of the Berlin Wall is reverberating worldwide, tonight. The first casualty of the British vote to leave the European Union is the British Prime Minister. David Cameron has announced he'll hand over to a new leader by October. More than 33 million people turned out to vote, deciding to leave the European Union by a margin of 2%. It was set to be close, but in the end the difference was over a million votes. The move will open deep rifts in the UK, and sets Britain up for years of bitter divorce talks with the EU. Tonight we explore what it means for Britain, the future of Europe and the global economy. Our Europe correspondent Lisa Millar is at Downing Street. Firstly in London our Europe correspondent Lisa Millar is live in Downing Street. The UK The UK is in shock this morning. The referendum was a resounding win by those supporting a British accent, and Prime Minister David Cameron, who led the campaign to remain, not long ago emerged from could
that door behind me to announce he could no longer lead the nation.I will do everything I can as Prime Minister to steady the ship over the coming weeks and months. But I do not think it would be right for steers
me to try to be the captain that destination.
steers our country to its next destination. This is not a decision I have taken lightly, but I do believe it is in the national interest to have a period of stability and then the new leadership required. There is no need for a precise timetable today, but in my view we should aim to have a new Prime Minister in place by the start of the Conservative party conference in October.The referendum was expected to be tight, but in the end it didn't turn out that way. The British answered emphatically, they wanted out of the EU. Brexit stage right... (CHEERING)And British voters turn a political drama into a blockbuster. And British voters turn a political drama Opinion polls indicated it was close, but six and a half hours after the end of voting, major media organisations declared that the country had chosen to leave the European Union. organisations declared the Absolutely wonderful, the best news ever. It's great that we've actually got our independence back. independence back.We've shown that opposition to the EU We've shown that opposition to the EU is not a fringe minority, it is a big group of the UK. As a member of the EU, Britain agreed to a set of common rules with 27 other countries, governing everything from the metric system to trade and immigration. Working together was meant to benefit everyone, but 52% of British voters disagreed. And the Remain campaign is devastated. I want to thank everyone who took part in the campaign on my side of the argument. Including all those who put aside party differences to national
speak on what they believed was the national interest. Let me congratulate all those who took part in the leave campaign, for the they
spirited and passionate case that they made. The EU represents up to a quarter of global GDP, and this is its biggest shakeup in decades. It was the climax to months of furious debate and bitter political argument. The night before, nature had provided additional drama. Heavy rain disrupted transport, and flooded homes, but there was still a big turnout for the referendum. The polls closed at 10:00pm, a prominent Leave campaigner one of the last to cast a vote. the last to cast a vote. Thank you very much everybody.But the Leave side Thank you very much, everybody. But the Leave side was not feeling confident, even predicting defeat. I hope I'm wrong. He was. Soon after results began arriving, the unexpected strength of the Leave vote became clear. Districts thought to be strongly pro-EU voted only narrowly to remain, while the Leave victories had surprisingly large margins. Suddenly, the Eurosceptics were sensing victory. And we will have done it without a bullet being fired. And soon after, it was official. And soon after it was official.
The UK has voted to leave the The UK has voted to leave the European Union. The EU treaties have a mechanism for The EU treaties have a mechanism for departure, providing a two-year transition period to withdraw from a myriad of European agreements and bodies. It will allow changes to British immigration policy, one of the biggest issues in the campaign, and clearly a strong point for the Leave side. Leave side. I think it will be more trouble for us because I think it will be more difficult for people to come to the UK to study or work. The result could also reignite independence movement in Scotland, which, like Northern Ireland, wanted to remain in the EU. The Scottish First Minister released a statement saying "The vote here makes clear that the people of Scotland see their future as part of the European Union." The Conservative government must now implement a program strongly opposed by its leadership. And the Prime Minister, David Cameron, has just lost the biggest gamble of his career. just lost the biggest gamble of his career. The Leave To leave camp found support from all quarters, from blue-collar from blue collar workers to right wing parties and blue-collar conservatives who wanted to regain Britain's independence. Our correspondent James Glenday has been at the Leave camp's celebrations. the leave campaign is ecstatic, they are calling this the UK's Independence Day. I am joined now by the Mayor Brexit actor Aaron Banks, did you think this was seriously going to happen?Not until about a day ago, we saw the polls and it looked good, and people didn't really believe it. We thought the Labour voters would come out and vote in numbers. And they didn't.You think that is where we won this?Absolutely.The pound has plunged, there is enormous uncertainty. How much damage will this do to the economy? Are denting it will do any damage at all. The Sterling is bouncing already, people betting on remain so the pound shot up, now it has come down and it is bouncing around.Will there be a couple of years of economic uncertainty? which
There is a thing called article 50 which is dreadfully boring, and you have two years to negotiate the exit. So nothing really happens, the sons are shining and the trains are running.Would you like to see Boris Johnson installed as the next Prime Minister? He essentially was the face of this campaign.I'm not a big fan of the Conservative party, so I don't really care who is elected leader Robert.-- of it. Yesterday global sharemarkets were betting the UK would remain in EU. Today they were making big adjustments to this new reality. Here's our finance correspondent Phillip Lasker. Global markets hate uncertainty, but they now have it in spades. After massively underestimating the outcome, the pound has collapsed 12% to 30 year low. The biggest fall in living memory, more extreme than GST. This says it all. Shares down throughout Asia with Japan diving eight cent because of a high yen, which is bad for exports. European currencies fell by at least 4%. Investors rushed to the safety of government bonds in most parts of the world, and most commodities like oil were down, while fear commodities like gold were higher. The Australian share market was also in turmoil, suffering its biggest fall since September. Australian companies with major UK interests like poverty players, Westfield and the banks were punished. The weaker pound will initially hit profits, there are fears of a recession and questions about London's status as a financial centre. Those fears hit the UK listed miners like BHP. The Australian dollar is around 6% higher against the pound, but weaker against the US dollar, and the odds of a rate cut here are now higher, and considered a 50-50 chance next month. It is hardly in Europe, markets have opened and losses are severe with some bank stocks down nearly 30%. Let's bring in our business editor. What does this mean for the world economy?This could have serious ramifications, long-term ramifications, for the global economy. In the short-term we have seen market ructions, which on their own have the capacity to cause major disruption, but longer term what we could be witnessing is the unwinding of 40 years of deregulation and globalisation that have resulted in dismantling trade barriers, and a huge lift in global living standards. What we are witnessing here is nations that are beginning to look inwards. We have today
seen what has happened in the UK today and we have heard the rhetoric from people like Donald Trump. This could all result in more protection, less trade, and that will have an impact on the global economy.And how will it impact Australia?Australia is one of the most trade exposed nations in the world. Any downturn in global trade will hit China, and we derive around 30% of our export income from selling raw materials from China. It is also worth noting that the UK is the second-biggest destination for Australian investment, so if the UK economy tanks and the pound falls, that could end up with a major fall in individuals.
income for Australian companies and The Brexit vote hits a world The Brexit vote hits a world yet to fully recover from the global financial crisis. Yet despite this, share markets had soared to record highs until the shock outcome. Stock markets are overvalued around the world - it could be argued that this is the prick that bursts that bubble. What Brexit means for the economies of Britain, Europe and the world, nobody really knows. Negotiating exit terms will take months or years, and that's part of the problem. We are in completely uncharted territory - a country within a referendum within the EU has never decided that it wants to leave. It will obviously give a big lift to all of the succession movements that are growing very fast across Europe and threaten the existence of the euro. Australia's economy will feel the fallout. Falling commodity prices in the short term and perhaps in the longer term as well and then rises in bank funding costs as London city exits Europe. the London City exits Europe.In the short term I think there is a risk In the short term I think there is a chance the dollar will push lower. With uncertainty, people perceive risk, and with risk people are less confident. The world's already facing weak productivity growth, huge debt levels and - the official interest rates at zero or below in much of the world - central banks don't have a lot of ammunition to deal with any fallout from Brexit. Nearly a decade since the onset of the global financial crisis, the world's markets are again in turmoil. Back in Australia, the British decision has already been woven into the federal election campaign. Campaigners everywhere take note. This is a huge value add. When fate is placed in the hands of voters, anything can happen. That much the Brexit has taught Australia. This is a momentous and historic decision. This is a momentous and historic
decision.Whielgs tht is a While this is a big matter for England and the EU, our fundamentals in Australia are solid. no need for panic.The advice As for actual implications, both the Coalition and Labor agree there's no need for panic. The advice that we have is that Australia's exposure in these circumstances is very, very limited. The direct impact on Australia would be limited. However there would be global volatility and uncertainty. At one extreme, comparisons with the volatility of 2008 are inescapable. The Labor Party has experience and a track record with the most uncertain global times in 80 years. But few in government, or among its advisers, believe financial carnage on that scale is likely. So there is no cause for Australians to be alarmed by these developments. Upheaval in Britain, or partial disintegration of Europe, would have consequences for Australia. disintegration of Europe would have consequences for Australia,s especially its hopes for a free cad agreement with the bloc. Australian Austria's diplomats are working overtime to make sense of what they call a big thing for trade, geopolitics and financial markets. Whoever takes office here beyond next weekend will be told that Britain needs friends like Australia at a time when Europe's leaders won't take kindly to its planned exit from the union. Britain's Prime Minister is on the way out, its next Australian partners using the turbulence that enveloped him to argue for their survival.When making class and lower class people feel happened.
disenchanted, this is what happened.Now more than ever, Australia needs a stable majority coalition government.As it happens, Australia's second-biggest polling booth is in London. The second-biggest economy in Europe is turning its back on the European Union, with the future of the EU in doubt. This vote may have resolved one question, but it ignites so many more for this country and the world. To other news now, and after weeks of wet weather in Canberra, it's no surprise the ACT's water levels are looking healthy. In fact, the ACT government says Canberra's dams are currently storing more water than ever before. But there's concern that despite the recent deluge, the ACT still has plenty of work to do to meet future water demands. Canberra is a city that has become accustomed to dry spells, which has made this winter even more remarkable. It actually recorded more than three times the June average rainfall, it's been quite a turnaround from the dry conditions that were experienced for several months preceding that. While massive downpours triggered flood warnings and caused widespread damage, they also filled Canberra's dams. Canberra has got great healthy water storages at the moment, we're at 81%, so we've got more water impounded than ever before. Googong Dam is at capacity, with the Cotter Dam not far behind. It would need to be a drought worse than we've ever seen in the last 145 years of our recorded history for Canberra or Queanbeyan to go into water restrictions. Despite the record levels, experts are still anxious Canberra's rapidly increasing population could put a strain on future water security. The region's population is on track to reach 800,000 by 2050. And where we are sitting now, we have about 400,000 so clearly we need to secure the sufficient water supply for that increased population by 2050. But it's not a concern shared by the ACT government, largely due to the completion of the enlarged Cotter Dam in 2013. Canberra's water security for decades to come has definitely been secured. The Bureau of Meteorology says the wet weather could continue well into summer. We have a 50% of the La Nina occurring so we generally see wetter than normal conditions during La Nina event, and that 50% chance is double the normal likelihood. A city set for a wet winter, followed by a soggy spring. Jonathon Gul, ABC News, Canberra. In West Africa, witnesses have described seeing the ambush and abduction of three Australians on Wednesday. Along with some colleagues, they were taken at gunpoint on the way to work. Here's Africa correspondent Martin Cuddihy. This is the scene of the ambush. The site where three Australians, a New Zealander and a South African were abducted along with two Nigerian colleagues. We heard a loud gunshot, we heard a loud gun shot. We were thinking as if Boko Haram has approached our area but we have come to know that it was militants that came. A driver was shot and killed during the early morning attack on Wednesday. About 30 militants are believed to have been involved. They escaped by boat on this river.

The men are working on a quarry site managed by the Western Australian Company, MacMahon Holdings. Criminal gangs are active in this region, and it's not uncommon for foreign nationals to be kidnapped and then later released after a ransom payment. After yesterday they had been very peaceful. Not the way I met it. So we are going to... We have started reviewing our strategy, what went wrong yesterday morning and what steps we are going to take to ensure that this does not repeat itself again. The Australian government says it's working with Nigerian authorities, and both are taking the abductions extremely seriously. There are now seven people, employees of McMahon's, and we are concerned to them. Our priority is their safety and ensuring we can freedom. But if this is a kidnap for ransom, it could be days or even weeks before any demands are made by the criminals. A rare protest on the floor of the US Congress over gun control has been dismissed as a stunt by Republican opponents. Democratic party members sat on the floor of the house gave speeches and sang songs, demanding the speaker allow a vote on tougher gun control legislation in the wake of the Orlando massacre. North America correspondent Stephanie March reports from Washington. After 24 hours, an extraordinary moment in US politics came to an end.We are going to win! We are going to win! The fight is not over!Among the crowd that greeted the representatives was Colin Cotes Art. He was shot four times in the Virginia Tech massacre in 2007.I have been involved in this the years, and in all my years I have never seen anything like this.It started a day earlier with a small group of Democratic Congressmen and women occupying the well of the chamber, and when the house TV footy pushed turned off they turned to social media. In the early hours, Republicans returned and adjourned the house for two weeks. They ran out in the middle of the night. We were supposed to be working here in Congress until Friday and they decided to pack their bags and get out. They will not be able to hide from the American people.Gun laws activists are describing this as a game changer. Others are describing it as a stunt.Instead, they are staging protests in trying to get on TV.Undeterred, house Democrats say they will be back when the recesses over in July, ready to their
again stand up or sit down for their cause. The medals of Australia's youngest Victoria Cross recipient have gone on display at the War Memorial. At just 17-years-old, private William Jackson lied about his age to enlist to serve in World War One. He received the posthumous award for helping his wounded comrades on the Western Front, after almost losing his own arm during artillery fire from the German trenches. He goes back to the Australian trenches, a tourniquet is applied with a piece of string and a stick and for the next half an hour, with his arm practically off he goes out to continue extricating the wounded from no man's land. Private Jackson's medals went on display in the hall of valour almost 100 years to the day after his brave feats. It's been a great day for Australian basketball. As expected, Melbourne teenager Ben Simmons has been named as the number one pick in the NBA draft, meaning he's rated the best newcomer in America's biggest basketball competition. But the big surprise came from Thon Maker, the Sudanese-born Perth product, who was chosen at number ten. It's the first time two Australians have made it to the top ten. Michael Vincent reports from New York. After months of hype, the young Australian finally got the answer he was waiting for. With the first pick in the 2016 NBA draft the Philadelphia 76ers select - Ben Simmons. A moment of joy for his family as well. He's well aware of the expectations that are upon him now he's signed a minimum 2-year deal worth more than $10 million. His goal now is to help rebuild a team who have been bottom-dwellers for many years. But then the big surprise of the night - Sudanese-born Australian Thon Maker picked 10th. Everything is not going to be perfect, you have to learn to fight through adversity or whatever happens during the season.Then, the big surprise of the night. Milwaukee selects Thon Maker.His incredible journey started when he was five years old, coming to Australia when he was a refugee, and growing up in Sydney.The biggest thing you always tell little kids is to work on your skills. You never know how tall you are going to be.He has his heart set on playing to the Australian national team, just not at the Rio Olympics.The veterans will have a last run, so they can handle it.It is the first time to Australians have been drafted in the first round. There are now a total of nine Australians playing in the NBA. Four of them have won championships in the past three years, both Ben Simmons and Thon work
Maker know they will have their work cut out to help their lowly rank teams even reach the play-off. England rugby coach Eddie Jones has declared his team is ready for a "once in a lifetime opportunity" to whitewash the Wallabies in their own backyard. Having already won the series, England has the chance to make it 3-0 in tomorrow night's sell out test in Sydney. Jennifer Browning reports. Ruthless and confident, Eddie jones is relishing the chance to create history against the team he once coached. Australia hasn't been beaten 3-0 since the lions tour in 1971, so to do that would be a great accomplishment for the team. The Wallabies are desperate to finish the series on a high and carry momentum into the upcoming Rugby Championship. Results are what they are but we want to have a performance that we're pleased about so when we review the game after we can be pleased about it. Western Force lock Adam Coleman is set to become only the third Tasmanian to play rugby for Australia after securing a bench spot. Not since 1930 has a Tasmanian pulled on a Wallabies jersey. I'm really happy for him, he's made the most of his opportunity within the squad he's trained really well so he deserves to be making his test debut. The series might be lost but the test is still a sellout. A record crowd will pack into the Sydney Football Stadium to watch the Wallabies take on the old enemy. Really good noise last week in Melbourne, Brisbane fantastic as always and hoping Sydney will deliver tomorrow night what will be a blockbuster and really exciting. Plenty of life for a so-called dead rubber. Jennifer Browning ABC News, Sydney. To the weather now, and there's really nothing nice to say about today's weather. It was awful. Grey, wet and windy. We had a top of 9 around midday and a low of 4 degrees at around four o'clock this afternoon. And despite some good rain overnight, there was only a millimetre recorded today. There's been some rain around our region, mostly in the ranges. Temperatures along the south coast were around the mid-teens, and half that inland with a top of 7 at Goulburn. There's been some drizzle and light showers across Sydney, Melbourne, Adelaide and Brisbane today, but nothing significant. And if it felt like you were living in the coldest capital in the nation today, well, you were right. You are! Even Hobart was warmer than Canberra today. Melbourne reached 11 and Sydney just 16. Speckled cloud over South Australia, Victoria, Tassie and eastern New South Wales, with a strong front is causing the odd storm and blustery showers, falling as snow above 900 metres. There's a band of thinning cloud over WA, the Northern Territory and southern Queensland, which is bringing areas of light rain. And a pool of warm air remains in the northwest. A sunny 16 in Sydney tomorrow and 18 in Brisbane. Showers and 13 in Melbourne, cloudy and 14 in Adelaide. And some nice sunshine around our region tomorrow, with 14 at Nowra. Frosty and cold but sunny nevertheless at Goulburn with a top of 8 and Yass a top of 7. Mostly sunny in Canberra tomorrow with a cold frosty start, a low of -2 and a top of 10. The sun will rise at 7:12 in the morning. And sunset will be at one minute to five. More sunshine on Sunday, a very grey overcast day on Monday. Then sunny again next Tuesday and Wednesday with rain to follow

and Wednesday with rain to follow
at the end of the week. A chilling -10 at Thredbo over the weekend and -7 at Perisher, and tops below zero. There's fresh snow about on Saturday with visibility improving and excellent on Sunday . Before we go, a brief recap of our top stories tonight. Shockwaves are reverberating around the world, after Britain voted to leave the European Union. British Prime Minister David Cameron, who led the Remain campaign, has announced that he will step down by October. More than 33 million people turned out to vote, deciding to exit the EU by a margin of 2%. The result has sent global share markets into value
turmoil with billions wiped off the value of shares, and the value of the pound has plummeted to a 30 year low. For more ACT news you can follow us online.

This program is live captioned by Ericsson Access Services. Hello and welcome to 7.30 on a momentous day in British history. The United Kingdom has voted to British
leave the European Union and the Cameron
British Prime Minister David resignation.
Cameron has announced his The Governor of the Bank of England has been compelled to reassure the public that the central bank will do whatever is necessary to limit the coming economic fallout. Political volatility is also inevitable. David Cameron's replacement will be in place by October. The Labour Party is also reportedly considering its leadership. And the European Union has been shaken to its core. World markets, including Australia, will not be immune from the impact. I'll have an interview with the Australian Prime Minister Malcolm Turnbull in a moment but, first, day.
Sean Rubinsztein-Dunlop charts the In the only way I know how, which