The consequences are more than clear - UK is viewed as economically worse off than when it wasn't leaving EU and that's reflected in the depreciation of its currency.
Money is leaving UK and the other day one private equity fund suspended withdrawals because of it, the value of UK assets has been cut, and UK has to figure out new ways to fund its deficit.
UK will have a new prime minister, most likely Theresa May.
Scotland is calling for a new referendum to split from UK, since on the last one year and a half ago they were told that remaining part of UK means remaining part of EU.


Those are rather serious economic and political consequences and the average bloke will be tightening his belt soon enough if not already.