Brexit

Brexit means British exit from the European Union. The term combines "British" and "exit" and comes from the Grexit term that was introduced in February of 2012 by Willem H. Buiter and Ebrahim Rahbari.

The Brexit issue divided British voters into two camps. Those who were in favor of the Brexit believed that leaving the European Union would help restore British sovereignty and influence in the world and restore immigration security that had been diminished over the years. Those who opposed the Brexit believe that Britain needed to be part of a larger group of similar-thinking countries in order to have security and influence in the larger world. On June 24, 2016 the referendum came to a vote and the Brits voted "Yes" to leave the European Union by a margin of 51.9% (17,410,742) to 48.1% (16,141,241).