Farage says he might support new European Union membership referendum

Cheryl Sanders
January 14, 2018

"They have a majority in parliament, and unless we get ourselves organized we could lose the historic victory that was Brexit".

Andrew Adonis, who resigned as head of a government-backed infrastructure commission last month, said: "So Nigel Farage wants a referendum on Mrs May's Brexit deal". But, speaking on Friday, Farage appeared to change his tune, making clear that he was seriously anxious that Brexit could be undone and reversed.

Mr Farage has even admitted that pro-Brexit MPs would lose a historic vote over Brexit in Parliament.

It comes after the divisive former leader and MEP conceded there should "maybe" be a second vote on Brexit.

"The Leave groups need to regather and regroup, because Remain is making all the arguments. And Blair can disappear off into total obscurity". "After we won the referendum, we closed the doors and stopped making the argument", he added.

Estimates from Nomura's United Kingdom economics team, led by George Buckley, suggest that sterling would pop up to around $1.40 (still around 5-6% lower than pre-referendum) should a second vote be announced.

"We no longer have a majority in parliament".

However, UKIP leader Henry Bolton said the idea of a second referendum was not party policy, claiming it could be "damaging to the nation".

"Support is now growing on both sides of the argument for a vote on the final deal and the choice of an exit from Brexit", Liberal Democrat Brexit spokesperson Tom Brake said.

The warning came as a group of leading economists warned that failing to strike a deal with Britain could cost the European Union £500bn.

The most optimistic Brexit scenario outlined, of a two-year transition period leading to single market membership without the customs union, would still lead to a loss of 176,000 jobs and £20.2 billion in investment.

And Prime Minister Theresa May's spokesman, James Slack, was firm.

Writing for the Observer, Ben Bradley, the 28-year-old Mansfield MP and newly appointed Tory vice-chair for youth, said the reshuffle marked a moment for the party to show it would become more responsive to the needs of young voters following its poor election result last June.

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