Skip to content

We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Tony Blair calls for second Brexit referendum to find ‘closure’

The former UK prime minister has urged British MPs to hold a second Brexit referendum to help bring an end to the chaotic withdrawal process.

Tony Blair Source: Bloomberg
Brexit United Kingdom European Union membership referendum, 2016 United Kingdom Tony Blair European Union Theresa May

With a little over two months to go until the March 29 deadline, former British prime minister Tony Blair has waded into the Brexit debate, urging MPs to hold a second referendum to bring ‘closure’ to a choatic process.

With the Brexit deadline looming ever-larger, Britain is yet to finalise a deal that will define the country’s future relationship with the EU after MPs in parliament overwhelmingly rejected Theresa May’s withdrawal agreement with Brussels.

‘I think if you have another referendum it really will bring closure,’ Blair told Reuters TV at the World Economic Forum in Davos. ‘People like myself accept if the country votes to leave again, that’s it.’

‘But I think if you leave without going back to the people, with this mess and in these circumstances, there will be even greater division.’

Theresa May fails to break Brexit deadlock

Following the rejection of her deal, MPs in parliament have failed to reach a consensus on an alternative strategy for Britain’s departure from the EU, with cross-party talks collapsing after May refused Labour Leader Jeremy Corbyn’s request to rule out a no-deal Brexit.

Since then, there is growing support for a second Brexit referendum to be held as a way of breaking the Brexit deadlock in parliament.

Tony Blair calls for clarity on Britain’s future

During the interview in Davos, Blair argued that Britain should not leave the EU without first having clarity about its future relationship with the EU and believes that the Brexit deadline of March 29 should be pushed back if more time is needed to do so.

‘The idea that we can tumble out of the European Union without a deal, I mean this would be completely irresponsible and I’m sure that parliament won’t allow it,’ he said.

The former Labour leader also said that there is more than a 50/50 chance of a second referendum happening.

UK citizens voted back in the 2016 referendum by 52 percent to 48 percent to leave the EU.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. 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. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

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

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.