Categories: FinanceNews

United Kingdom Considers A Second Referendum To Undo Brexit

Ever since the Brexit voting took place, there have been rumors about organizing a second vote. As unlikely as that may seem, former Prime Minister, Tony Blair, strongly feels a lot of Brits are second-guessing their original decision. The decision to leave the European Union has been made official months ago; sorrow always comes too late.

Tony Blair Envisions A History Rollback

Radical decisions are often the source of controversy, and the Brexit is no exception in that regard. The decision made by the British people to leave the European Union came as quite a surprise to everyone. At that time, it seemed to be the right decision for over 51% of the population, but things are looking bleaker than ever for the UK.

Tony Blair feels that there is a way to reverse this referendum if push comes to shove. The only way for this to be possible would be for the Britons to change their mind, which is not impossible to achieve. The UK parliament, however, would also need to organize a second vote or a general election. Holding another referendum is possible too, though it would not necessarily bring a different outcome.

At the moment, the United Kingdom is still awaiting the deal they will be offered in exchange for leaving the EU. Assuming this deal is not acceptable, the plans will move ahead to revert the Brexit like it never happened. Whether or not the EU would go along with that decision is anybody’s guess right now.



Related Post

Ever since the Brexit vote, things have been tough financially for the UK. The Pound Sterling has been on the decline ever since and has even reached its lowest value in thirty years. Moreover, the local economic growth has nearly stagnated, which is to be expected when showing a desire to isolate the nation from the rest of the continent.

Tony Blair is not the only one who proposes a subsequent referendum, though. UK courts are currently looking over five, or potentially more, legal challenges against the Brexit. At the same time, the exit negotiations between the EU and the UK have not even begun, even though the votes were tallied nearly six months ago.

A second referendum could wipe out the first one, effectively erasing a piece of history. While there is still a lot that needs to happen before this can become a reality, the thought alone is rather strange. The people have spoken, yet government officials are once again looking to do their own thing, as they “know what’s best.”

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Ondo Facilitates Big Banks’ Connection to Blockchain in Historic Settlement

A crucial development is taking place at the intersection of legacy finance and blockchain as…

2 hours ago

Morgan Stanley Adds Crypto Trading To E*Trade With Aiming Millions Of Retail Investors

Morgan Stanley is taking a big step into digital assets space with the launch of…

2 hours ago

Brian Armstrong Sets Course for AI-Driven Transformation As Coinbase Cuts 14% of Workforce

Coinbase is about to undergo one of its largest structural reorganisations in some time, with…

12 hours ago

$150M Crypto Ponzi Scheme Crumbles, Forming Global Fraud Network As Investigators Freeze $41.5M

The suspicious DSJ Exchange (DSJEX) and BG Wealth Sharing scheme, now confirmed a Ponzi operation,…

12 hours ago

BlackRock And Fidelity Lead $532 Million In Institutional Bitcoin ETF Inflows As Demand Soars Following Ceasefire

Demand from institutions is heating up again, with U.S. spot Bitcoin ETFs logging a tally…

1 day ago

Western Union Launches USDPT Stablecoin on Solana to Transform Global Payments Infrastructure

Western Union expands its participation in the digital asset ecosystem with USDPT, a Solana native…

2 days ago