"Brexit" is a word coined to refer to the process of Britain leaving the European Union. Whether the country will leave or stay is to be decided at a referendum to be held on June 23, 2016 in Britain.
Reasons in favor of leaving include that the European Union has become larger and more bureaucratic over the past four decades and has diminished British influence and sovereignty. Immigration is also an important issue to the "leave" camp.
Reasons to stay include the economic cost of leaving.
Prime Minister David Cameron leads the "remain" camp, and most of the Conservative government, the Labour Party, the Liberal Democrats and the Scottish National Party.
The “leave” camp is led by Michael Gove, the justice minister, and Boris Johnson, the former mayor of London. Nearly half the Conservative members of Parliament favor leaving, as do the members of the UK Independence Party, or UKIP, and its leader, Nigel Farage.