The United Kingdom will hold a referendum on June 23 on whether or not to remain in the European Union. They are calling it “Brexit,” a mash-up of “Britain” and “exit.”
From Everything to Know About Britain’s E.U. Referendum | TIME:
The United Kingdom is in the throes of “Brexit” mania, now that Prime Minister David Cameron has finally called a referendum on the country’s membership in the E.U. for June 23. Here’s a guide for readers who may be unfamiliar with the issue:
See also this analysis, now that the popular London Mayor Boris Johnson and key Tory thinker Michael Gove have come out in favor of leaving.