The UK votes to Leave the EU: analysis

The UK has voted to leave the European Union after an historic EU Referendum on Thursday. Leave won by 52% to 48% for the Remain campaign, with an overall voting turnout of 71.8% - the highest turnout at a UK election since 1992.

The vote signals the start of many changes to the UK political landscape - starting with the resignation of David Cameron as PM this morning, who says he will step down by October. 

The government will now have to devote considerable resources over the next two years renegotiating treaties, re-making and codifying laws. This timescale could be even longer given that this has never happened before.  

Immediate worries about impact on the markets have drawn a response from the Governor of the Bank of England, who outlined contingency measures.

Issues that will be particularly pertinent to the UK games industry in the coming months, and that Ukie will be working hard to fully represent our sector on, include securing access to overseas talent, ensuring we have the right investment in skilling up our homegrown talent, the continuation of the Video Games Tax Relief, and access to funding. 

We will also continue to lobby on the wider recommendations we made in our Blueprint for Growth report around talent, the businsess environment, funding routes, local cluster growth, and innovation. 

Dr Jo Twist OBE, CEO of Ukie said

Ukie is committed to ensuring the UK is the best place in the world to make and sell games and although this decision and the political uncertainty it brings will have an impact on our businesses it is important to remember that we are already a globally successful sector and a leading exporter in the digital economy. Ukie will continue to work hard with colleagues in government and other sectors to ensure we continue to have the best possible business environment for our sector, and we will be following developments closely and advising members as they unfold. 

We published a paper in April, 'Staying Connected', and conducted a roundtable with Osborne Clarke LLP examining legal implications of Brexit.  We will continue to advise members to put them in the best possible position over the coming months. 

For more information, contact Theo Blackwell, Head of Public Affairs at Ukie

Ukie's annual Westminster Games Industry Reception is being held on 6 July, bringing the UK games sector and leading Parliamentarians together. Find out more here.