UK lawmakers urge Corbyn to back second referendum on Brexit

British MPs are calling on Labour leader Jeremy Corbyn to back a second Brexit referendum to force the UK government to hold another public vote.

Jeremy Corbyn Source: Bloomberg

Several British MPs have called on Labour leader Jeremy Corbyn to support a second referendum on Brexit, with his party’s support crucial to forcing the government to hold a second vote on Britain’s withdrawal from the EU.

The House of Commons remains in deadlock over Brexit, with MPs in parliament voting to overwhelmingly reject Theresa May’s deal and few alternatives insight to break the impasse other than Britain leaving without a deal in place.

Theresa May refuses to hold second referendum

Without the full support of Corbyn and the Labour party for a second referendum it is unlikely that another vote will be held, with May adamant that her government will respect the decision of the British people where 52% of UK citizens voted to leave the EU.

As it stands, Corbyn has refrained from supporting a second referendum, but believes that the option should remain on the table and has refused to hold cross-party talks with May until she rules out a no-deal Brexit.

Brexit deadline looms large

For many MPs a second referendum appears to be the only way to break the Brexit deadlock in the House of Commons by leaving Britain’s fate in the hands of the public once more.

‘The clock is ticking and at this late stage, I appeal to Jeremy Corbyn to do the right thing by the majority of our voters, our supporters and members and back a people’s vote,’ Labour MP Luciana Berger said. ‘The time for action is now,’ she added.

Meanwhile, Conservative MP Sarah Wollaston stressed just how crucial Corbyn’s support for a second referendum is, as without it the motion will likely be defeated in parliament.

‘Without the unequivocal backing of the Labour leadership at the moment we would not have the numbers,” Wollaston said.

Trading around Brexit

Find out how the UK’s exit from the EU continues to affect traders, and discover:

  • The unique opportunities in a ‘hard’ and ‘soft’ Brexit
  • The markets you should be watching
  • Everything that’s happened so far

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Bid
Offer
Updated
Change
Bid
Offer
Updated
Change
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.


IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IGA Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

Please see important Research Disclaimer.