Market News

Second referendum would overturn 'Leave' decision, poll finds

12/01/2018 15:24

(ShareCast News) - A new poll has found that a fresh vote on Brexit would overturn the 'leave' result of the first referendum.

The results came after Brexiteer Nigel Farage unexpectedly suggested a second referendum the day before. According to a ComRes survey for The Daily Mirror, 55% would vote remain in the EU while 45% would still vote leave.

This shift in public opinion gives the remain voters their biggest lead since the 2016 referendum. The debate was reintroduced when Nigel Farage, the former UKIP leader suggested a second referendum to put an end to the "whinging and whining" of pro-EU voters and politicians, predicting a 52%-48% result for Leave. He told The Independent, ""Im considering the possibilities that this might have to happen, and I don't think Leavers should completely ignore the fact that it could." Nonetheless, Farage swiftly backtracked from his novel idea, "To be clear, I do not want a second referendum, but I fear one may be forced upon the country by Parliament.

That is how deep my distrust is for career politicians. "This poses a big question for Leavers.

Do we stick with the view that the result will stand or acknowledge the fact that we face this potential threat?" In quick succession, a spokesman for Prime Minister Theresa May said, "We will not be having a second referendum." The same poll also revealed that only 30% of Britons were confident that Theresa May would ensure a good Brexit deal, while 65% weren't. According to ComRes, 95% of Brexit supporters were opposed to having a second referendum while 77% of remain backers were in favour of another ballot.

It is important to remember that the value of investments can go down as well as up and it is possible to get back less than you invested, especially in the early years. Past performance is no guarantee of future returns and interest rates and dividends are variable and cannot be guaranteed in the future. Any tax treatment mentioned is based on personal circumstances and current legislation which is subject to change. In the event of a client having a complaint about our services we will do our best to resolve that complaint promptly and to the client's satisfaction. However if we are unable to do so, the client may have the right to complain to the Financial Ombudsman Service. Further information can be found on the Financial Ombudsman Services's Website at