This is the Cato Daily Podcast for Thursday, June 30th, 2016. I'm Caleb Brown.

Voters in the UK have opted to leave the European Union, so is the Union now doomed?

And what about Migration II and Trade? So is the Union now doomed?

And what about migration to and trade

with the fifth largest economy on the planet?

We're alive Cato connects today.

Cato's Tom Clardy and Marion Tupi

took questions from Twitter.

The question was, should Britain leave the European Union or remain in the European Union,

about 52% of British voters decided to leave.

Now, that referendum did not have any immediate legal impact.

Constitutionally in Britain,

referendums are only advisory.

So this didn't immediately trigger a departure from the European Union.

Britain is still a member of the European Union until certain negotiations have taken place.

What it does do, I think, is create a duty on the part of the government

to remove Britain from the set of centralized political and legal institutions which

make laws that are superior to British laws.

That's essentially it.

We have to leave the political union based in Brussels.

Beyond that, there is a huge amount up for discussion. What would

the terms of Britain's relationship after an eventual Brexit look like? When

...