Nigel Farage Says 'Looks Like Remain Will Edge' Historic Brexit Vote

Nigel Farage, the leader of the Euroskeptic, right-wing United Kingdom Independence Party (UKIP) appeared to concede defeat in the landmark referendum on Britain's European Union membership just minutes after polls closed on Thursday night.

He issued a statement just minutes after 10pm, the time of the poll closure, in which he said that it "looks like Remain will edge it" in what he described as an "extraordinary campaign."

Many have predicted that in the event of the British public voting to remain in the European Union, Farage's political career would be over but he remained defiant on his position.

"UKIP and I are going nowhere and the party will only continue to grow stronger in the future," he said.

A YouGov on-the-day poll, also released at the closure of polls, showed the Remain camp on 52 percent and Leave on 48 percent.

Turnout is estimated at more than 80 percent and a record number of voters, more than 46 million, were able to cast their votes on Thursday despite areas of Britain being flooded by heavy rainfall.

While Farage may have appeared to throw in the towel, the official result will not be announced until at least 7am on Friday morning, with hundreds of results still to be announced from local authorities.

This is a developing story and will be updated as more information becomes available.