BRITAIN'S shock referendum decision to quit the European Union has unleashed a wave of global jitters that will influence the outcome of our   July 2 federal election. Markets of all sorts - stocks, futures, oil, butter - want certainty, and the Brits have removed that by a small majority of votes. 
Britain is only a minor player in our trade as we concentrate on the Asia-Pacific region and giants such as China, Japan, South Korea and India.
But the flow-on effect of its withdrawal from the EU and the wait while it renegotiates its trade agreements with Europe, will be felt everywhere.
As one Australian economist put it, this could be a further headwind to growth. Our dollar could fall and investment will be slow. The unsettled conditions could favour the Government's Malcolm Turnbull over Labor's Bill Shorten in the election.
The uncertainty that will follow the Brexit victory will heighten an examination of the economic credentials of the Liberal Prime Minister and his team, and the Labor front bench under Mr Shorten.Shadow treasurer Chris Bowen has begun reminding voters of how the Labor government of Kevin Rudd responded to the global financial crisis, and that Australia emerged from it as one of the few industrialised nations not to go into recession.