What will happen if they leave? And do you think they will most likely leave?
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It's hard to tell whether they'll leave but chances are they might.
Economically speaking, it will be very bad for England - ESPECIALLY for the poorer people who tend to agree with a Brexit. The pound will probably lose a lot relative to the Dollar/Euro and might even reach parity with the Euro. This in turn might easily lead to an economic recession, more unemployment and poverty.
On the other hand, a Brexit can also be beneficial in a political/diplomatic sense. The problem about the Eurozone is that it's not a democratic system. Most of the "representatives" in the European parliament are lobbyists. Being a member state of the European Union automatically means giving off part of your national sovereignty and thus also part of your democracy. Being from Switzerland, I am glad we are not in the EU. I'm not against a European unification per se but such a union would have to look VERY different than it does now for me wanting to be a member of it.0