Brexit: Labour to back Remain as it calls for a new EU referendum

Labour is promising to campaign to Remain in a new EU referendum against “no deal or a damaging Tory Brexit”.

The shift in stance was signalled by Labour leader Jeremy Corbyn, as he challenged the next prime minister “to put their deal to the people”.

But the statement does not explain what Labour would do if the party won a general election.

Jeremy Corbyn has faced calls to move policy in a more pro-EU direction from senior members of the party.

In a letter to members, the party leader said: “Whoever becomes the new prime minister should have the confidence to put their deal, or no deal, back to the people in a public vote.

“In those circumstances, I want to make it clear that Labour would campaign for Remain against either no deal or a Tory deal that does not protect the economy and jobs.”

The announcement follows a shadow cabinet meeting on Tuesday morning, and a meeting with trade union leaders on Monday.

The bosses of Labour’s five-biggest affiliated unions called for the move the party has made – but also for it to hold a “confirmatory vote” on any new deal it negotiated if Labour won a general election.

BBC

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell