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Brexit Cheerleader Nigel Farage Concedes Referendum Is Lost

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Guy Bentley Research Associate, Reason Foundation
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Leader of the United Kingdom Independence Party Nigel Farage is conceding the effort to take the UK out of the European Union has failed.

Farage is widely credited as being the man responsible for bringing the UK to the point of Brexit by forcing Prime Minister David Cameron to offer the British people a referendum on EU membership for the first time in more than 40 years. But only moments after the polls closed Farage told Sky News he thought the “Remain” campaign would have a narrow victory. (RELATED: Chances Of Brexit Are Plummeting, According To The Betting Markets)

“It’s been an extraordinary referendum campaign, turnout looks to be exceptionally high and looks like Remain will edge it. Ukip and I are going nowhere and the party will only continue to grow stronger in the future,” said Farage.

Remain campaigner and Labour member of parliament Chuka Umunna said he was “reasonably confident” his side had won.

A YouGov poll surveying Brits on voting day published at 10 p.m. Thursday showed the remain side leading 52-48, although the EU also released a poll of more than 10,000 people Thursday showing a lead for the leave campaign of 52-48.

Markets have been pointing to a remain victory throughout the day. Gambling company Betfair puts the chance of remain winning at 93 percent at the time of writing. Five of the last nine opinion polls had a lead for remain campaign, with only two showing the leave campaign ahead. A poll published by the company Populus Thursday had a hefty 10 point lead for Remain.

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