What Does Brexit Mean?
Brexit is a word that was used as an acronym that was to mean British exit from the European Union in the June 23, 2016, referendum. Britons voted overwhelmingly for it.
The Leave side, (Brexit) won by 52 % against the Remain wing which garnered 48 %. The Brexit referendum turnout was reported to be 71.8 %, and more than 30 million voters participated in it. That was the highest voter turnout in a UK-wide poll since the 1992 general election.
Voting Breakdown across the UK
England endorsed Brexit by 53.4 % against 46.6 %. Wales also approved the exit with Leave garnering 52.5 % and Remain 47.5 %. Scotland together with Northern Ireland preferred staying in the Union. Scotland’s Remain got 62 % against Leave’s 38 %. 55.8 % in Northern Ireland voted for Remain while preferred to 44.2 % leave.
The UK Independence Party, which triumphed in the previous European elections by garnering around four million votes which was13 % of the total votes cast, campaigned for the Britain’s exit. Roughly half of Conservative MPs, among them five cabinet ministers, some Labour MPs as well as the DUP also favored the exit. They argued that Britain was being dragged back by the EU, which they claimed that it imposed too many restrictions on business and levied billions of pounds annually in membership fees for meager returns. They also demanded that Britain takes back the total control of its borders and minimize the number of people entering it to live or work.
Prime Minister David Cameron campaigned for the Britain stay in the EU. He wanted an agreement with fellow European Union leaders to amend the terms of Britain’s membership. Also, sixteen members of Cameron’s cabinet backed the Stay wing. The Conservative Party was neutral in the campaign, but the Labour Party, Plaid Cymru, SNP and Lib Dems all preferred staying. Barack Obama, US President, wanted Britain to remain in the EU, together with other EU nations including France and Germany. They all argued that Britain gets a big boost from the EU membership. They noted that selling goods to other EU countries was easier and that the entry of immigrants, most of whom were young and vibrant, fueled domestic economic growth hence assisting in paying for public services. They also added that Britain’s status in the global community would be ruined by leaving and that it was more secure by being in the 28 nation club rather than in isolation.
The poll results are expected to have a lot of impacts in Britain and the whole world. The consequences are positive and negative in equal measures. For instance, the British Prime Minister immediately announced his intended resignation later in October 2016.