Brexit

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Brexit results. Blue-shaded areas stand for council areas that voted "Leave". Orange stand for "Remain".

Brexit is a campaign slogan for 'Britain's Exit' from the European Union. The British people became the first nation to vote on a referendum whether or not to remain in membership to the EU on June 23, 2016. The historic vote shocked the world as the Leave campaign won by a 52-48% margin. Prime Minister David Cameron campaigned to remain in the EU and with the results public, resigned his position. Former London Mayor Boris Johnson was a leader of the Leave camp.

Polling indicated a tight race, with 44% preferring to stay (anti-Brexit) and 42% supporting leaving the EU (Brexit), as of April 17, 2016.[1] Two weeks after Obama gave his support to Cameron and chided Britain to stay in the EU, a survey says Brexit gained 3% who want out.[2] Final results show Leave with 52% of the vote to Remain with 48%, a margin that was 5 points better than polling.

Most people believe if the Brexit campaign is successful, the 28-nation EU economic and political alliance is doomed. Financial giants warned the British of credit downgrades. The British Pound dropped significantly as results started pouring in showing Leave doing better than expected.

It is now very likely that France, the Netherlands, Austria, Finland and Hungary could hold a similar referendum.

The British High Court ruled on November 3, 2016 that the British government could not unilaterally begin formal exit negotiations with the EU, but rather that parliament is needed to initiate exit negotiations.[3] Because the British parliament is overwhelmingly opposed to Brexit, this would likely result in a watered-down exit agreement. The British government appealed the decision.

Eligible voters

  • Voters must have been 18 or older
  • British, Irish or Commonwealth citizen who resided in Britain.
  • British nationals who lived overseas for less than 15 years could also vote.

See also

External links

References

  1. ↑ https://ig.ft.com/sites/brexit-polling/
  2. ↑ Obama fails to swing Britain behind EU as 'Out' takes poll lead, Reuters, April 28, 2016
  3. ↑ Brexit court defeat for UK government. BBC. November 3, 2016. Retrieved December 16, 2016.
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