Image source: www.theguardian.com91.4% of results have already been announced, 51.9% of Brits vote "Leave". Here is an interesting summary of what different people and websites are saying regarding this Brexit:Simon Hix, a professor of Political Science at the London School of Economics and Political Science, writes: "If the UK withdraws, the liberal democratic project for Europe will become marginalised, as the EU will become dominated by the corporatist and bureaucratic instincts of some of the French and German elites and the politics of the growing populist Right movements.This would have a huge impact on the UK, as the EU’s single market would continue to be our dominant trading partner and we would inevitably have to apply EU single market rules to be able to sell our goods and services to the continent.Put simply, whether we are inside or outside the EU we will continue to trade more with Germany than the US, more with Italy than India, more with Belgium than Australia, more with the Netherlands than New Zealand, more with Sweden than Canada, and so on, because geographic closeness is by far the biggest predictor of trade patterns."Angela Merkel, the German Chancellor, has warned that Britain would be treated as a “third party” and have no access to the Single Market."If Britain votes to leave the EU, it will no longer be able to benefit from the advantages of the European common market. And any negotiation will involve the 27 remaining EU members with someone who would then be a third party," Mrs Merkel said.Jean-Claude Juncker, a veteran European federalist, said the “crisis” of a Brexit would precipate closer integration."I don't think the EU will be in danger of death if Britain leaves. We will continue the process of closer cooperation in Europe, if not of deepening the EU, and mainly the economic and monetary union.” The process of leaving the EU will take yearsA Brexit vote is not legally binding, and there are a few ways it could theoretically be blocked or overturned. However, as the BBC notes, "it would be seen as political suicide to go against the will of the people as expressed in a referendum."British Prime Minister David Cameron didn’t want to hold a vote on Brexit at all. But in 2014, he faced growing pressure from the populist right over immigration and Britain’s EU membership. To mollify dissenters in his own party and stop the rise of the far-right UK Independence Party, Cameron promised to hold a referendum on leaving the EU if his Conservative Party won the 2015 election.A British exit could be bad for the British economyIn the short run, uncertainty about Britain’s future relationship with the EU, its largest trading partner, could push the UK into a recession. Market watchers predict an"explosion of volatility" on Friday morning as the markets process the implications of Britain’s exit. Many economists expect both the British stock market and the pound to open lower on Friday morning. Britain’s chancellor of the exchequer, George Osborne, even hinted that he could suspend stock market trading if Britons voted to exit the EU.Source: Telegraph, Vox, BBC, CNN