Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

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.

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. See full non-independent research disclaimer and quarterly summary.

Trading around Brexit

Find out how Britain’s EU exit continues to affect traders, and discover:

  • How you can trade on Brexit
  • The markets you should be watching
  • Brexit trading strategies for key assets

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

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 spread betting and CFDs.

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