Tony Blair says there’s a 50-50 probability of one other Brexit referendum

LONDON (Reuters) – Former British Prime Minister Tony Blair stated there was a 50-50 probability of getting one other Brexit referendum as Prime Minister Theresa May might be unlikely to safe a majority for any divorce deal in parliament.

“Whatever Brexit is on offer today is going to result in significant economic harm,” Blair, who served as prime minister from 1997 to 2007, advised Reuters.

“I still believe it is possible that Brexit is stopped, I think there is no majority in parliament for any proposition that the prime minister brings back,” Blair stated, including that he wished a second referendum.

Less than six months earlier than the United Kingdom’s exit from the European Union, there may be little readability about how the world’s fifth largest financial system and its preeminent worldwide monetary centre will commerce with the EU after Brexit.

Britain’s former Prime Minister Tony Blair attends an event at Thomson Reuters in London, Britain, October 11, 2018. REUTERS/Simon Dawson

May is attempting to clinches a deal however there may be uncertainty on whether or not she might promote it at home, the place she’s going to want approval from the British parliament.

Blair stated European regulators wouldn’t need the centre of European finance to be exterior their orbit so jobs can be lost within the monetary sector.

“Why give ourselves this problem in a field of the global economy where we are globally preeminent?” Blair stated, including that the government had solid apart the pursuits of the service sector.

Blair stated that if Brexit did go forward and was adopted by a Labour government led by Jeremy Corbyn, then the nation would face a “truly damaging and challenging situation”.

“This is the problem with the policies of both major parties: they seem to think you can do Brexit and then engage is a whole lot of social legislation to make capitalism fairer and more equal and so on,” Blair stated.

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“They have got to wake up to the fact that if you do Brexit your number one priority is going to be keeping this place as an attractive place for investors to come.”

Reporting by Guy Faulconbridge and Andrew MacAskill

Our Standards:The Thomson Reuters Trust Principles.

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