Jeepers what you say is essentially correct.
There will not be much action in the UK at present until the leadership issue is settled. That will be September 9. However because of the nature of the unwritten UK constitution that may not end the issue before article 50 can be triggered.
A new prime minister may feel he needs a mandate from the country to govern after what has taken place. He may well ask the Queen to dissolve parliament. The Queen may be uneasy about the mandate and dissolve parliament anyway. That will result in a general election. The earliest that could be held would likely be the beginning of November.
We will know the conservative two top leader candidates this week. There will be e runoff by the Conservative party members at large. They will not make the Labor party mistake and allow people to join to bend the result. The 1922 committee cut off the ability of new members to vote as soon as the PM resigned.
This gets to the new huge problem, the UK Labor party. Ed Milliband who is by nature very geeky, and can't even eat a hamburger without negative press on the front page, lost the last election for Labor badly. He came to the Labor party leadership after a nasty family feud with his much more capable brother David. The latter emigrated to the US after the election.
Now Ed won by sucking up to very nasty trade unionists and worse.
Now enter a very nasty Leninist/Trotskyist chap by the name of Jeremy Corbyn. He is the long term labor MP of for Islington. Enough hard left Labor MPs put his name into nomination for him to stand for the leadership. Ed Milliband had changed the rules so that anyone could join the Labor party for 3 Quid (3GBP) and have a vote. Hard left individuals joined in droves and so did many conservatives to vote for Jeremy Corbyn, to make Labor unelectable. Jeremy Corbyn became leader of the labor party with 60% of the vote!
Now Jeremy Corbyn ran a lack luster campaign of behalf of the Remain camp.
Most of his shadow cabinet (the front bench) resigned this week. The Parliamentary Labor party (the Labor MPs) voted a motion of no confidence in his leadership to today 150 to 40. However the hard left Jeremy Corbyn refuses to resign and go. He feels, probably correctly, the same left wing rabble will re elect him.
Now there is a high probability of an imminent general election. Current opinion polls show that the Labor party stand to loose 150 Labor MPs in a general election.
If Jeremy Corbyn takes Labor into a general election who will fill the vacuum? It has to be the Liberal party or UKIP. Most of the money is on Nigel Farage and UKIP walking into the vacuum.
Interesting times indeed. This is by far the UKs most serious constitutional crisis since the second World War with the Suez debacle also in contention. I think though this is far more serious than Suez, which I remember well.
Now a word about Scotland. Nicola Sturgeon is off in Brussels trying to do a separate deal for Scotland. So far no one will talk to her. The reason being that many EU countries have separatist movements, and the EU leadership do not want to be seen to encourage them.
When all is cast up, I don't see the Scots voting for independence and having the Euro for their currency.
Northern Ireland is a different matter. These events could well result in the reunification of Ireland, which would not be a bad outcome.
As far as the new conservative leader, the bookies are today giving slightly better odds on Theresa May being the next PM rather than Boris Johnson.
I had a long discussion about this with my brother Paul on Sunday. He says there are pros and cons to both. Although Teresa May was in the remain camp, she was very conflicted to be so and has a lot of leanings to Leave also. Apparently she is inscrutable in negotiations and never tips her hand. The result apparently is that she usually gets her way.
Stay tuned!
By the way, I will be arriving in The UK August 23, and will be there until September 23. Things should be white hot by then, and I will be able to report first hand. I will also be making a fairly extended visit to Scotland. I will try and send first hand reports.