Read: All That You Need To Know About Brexit

| } June 23 , 2016 , 14:39 IST
BrexitBritish voters on Thursday are going to cast their votes to decide the future of their nation in the European Union. After months of endless debates on the referendum, Britons will decide on either staying or leaving the bloc of 28 nations. As even the political parties remain divided on their stand, here is everything you need to know about Brexit: What is Brexit and why was the vote called? David Cameron, a leader of the Conservative Party and the Prime Minister of UK, announced support for a referendum on Britain's EU membership in 2013, promising to hold the vote before 2017. While the supporters of 'Brexit' base their opinion on variety of factors including global competitiveness, businesses and immigration; people supporting the 'in' camp believe that benefits out-weigh the costs. Who can vote? British and Irish citizens over 18 years of age, UK citizens from commonwealth countries, who have the right to live in the country; British nationals who have lived overseas for less than 15 years; commonwealth citizens in Gibraltrar over 18 years age; members of the House of lords in Gibraltrar; Irish citizens who are registered to vote in Northern Ireland can vote in the referendum. What's on the Ballot Paper? Voters have being asked one question in the ballot paper- Should United Kingdom remain a member of the European Union or leave the European Union- the options to which include- remain a member of EU and leave the EU. ALSO READ: Brexit: Britain Goes To Polls On EU Membership Today How will counting take place? The counting will be undertaken in 382 counting areas in England, Wales, Scotland and northern Ireland unlike in 650 parliamentary constituencies of the United Kingdom. How will the results be announced? The regional counting will send their results to Manchester, where the chair of UK Electoral Commission Jenny Watson will announce the result at about 7 am (local time) on Friday. Will there be an exit-poll? There will be no official exit-poll. Publishing of exit-polls prior to the end of voting at 10 pm (local time) is a criminal offence. What amounts to a decisive victory? Though a ten-point margin of victory (eg. 45-55%) is likely to be interpreted as victory. However, to settle all doubts a margin of at least 60% to 40% will be considered. Is the referendum binding? No, the parliament is not legally bound to abide by the vote. For all the latest news and updates from India and across the globe, follow us on @NewsWorldIN on Twitter and News World India on Facebook

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