Brexit polling is over and the counting has begun. The latest count has shown that the chances of Britain remaining the European Union are higher.
The vote count cannot be considered final as the results are fluctuating frequently. As of 1:39 AM local time (10:39 AEST), the votes for Remain is 58.6 percent while Leave is at 41.4 percent. Votes from different regions are depicting different public views. Where Renfrewshire and Midlothian have voted in favor of Remain, Merthyr Tydfil, Stockton-on-Tees, Basildon and Hartlepool things it will be better if Britain leaves the EU. The voting on Britain and EU referendum is a crucial decision that would decide the future of Europe.
The utmost effect of the decision will be seen in the financial markets and politicians around the world, according to the ABC. The latest forecast from the University of East Anglia experts has indicated that the Leave will win. The experts have suggested that there is only 0.32 probability of Britain remaining in the EU and the supposed vote share for Remain is almost 48.9 percent.
The Telegraph live update shows the fluctuating details where it is evident that votes for Leave are more prominent in the UK.
After a strict campaigning for four months, the day has come when Brexit voting will decide on the future of both the EU and the UK. Prime Minister David Cameron has always shown his support for Remain. He had to call for polling following the pressure that came from the anti-EU wing in his own Conservative Party as well as the UK Independence Party that demanded a poll to be held to know what the nation wanted.
Early polls held on Tuesday and Wednesday saw Remain as leading while in the later phases of voting seems to be in the support of Leave. According to those who are favoring Brexit, the Leave will benefit Britain’s economic stability while those who are in favor of Remain feel Brexit would create a financial crisis in the nation, which would be difficult to overcome even in decades.
Labour leader Tom Watson said it is difficult to predict what will Brexit vote lead to.
“It’s very hard to tell (what the result will be) with such a small number of results in,” he said. “We’re not going to know the result for some hours, but whatever the result it will be very close. This will be a knife-edge vote. The country is more divided now than at the beginning of the process and that’s a great challenge for the Prime Minister.”