Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Ryanair hands O’Leary six-year extension

      Michael OLeary speaking at a Ryanair press conference, dressed in a suit, discussing the airlines latest business updates

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      F*** f*** f***: Tennis star Moutet fined £4k per F-bomb for Queen’s Club outburst on BBC

      News article image with diverse professionals in a corporate meeting discussing business strategy and innovation trends.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Friday 28 October 2016 10:05 am

Tony Blair doesn’t rule out second referendum after Brexit “catastrophe”

By: Rebecca Smith

Add as a preferred source on Google

Tony Blair thinks the UK needs to keep its "options open" over Brexit and said he didn't rule out a parliamentary vote, a general election or another referendum on the subject.

The former Prime Minister said that while he respected the June vote, Britain needed to look again at Brexit once "we have a clear sense of where we're going".

"There's no reason why we should close off any options," he said on BBC Radio 4.

Read more: Blair shutters consultancy to focus (mostly) on pro-bono work

Blair said it was important the government studied the "real-life implications" of what leaving the EU would involve. Calling the referendum vote a "catastrophe", Blair also stressed that the "16 million" people who had backed staying in the EU should also have their voices heard.

The result saw 51.9 per cent of voters opt for leaving the EU in June.

Blair wrote a piece in The New European today, calling on the 48 per cent who voted to remain in the EU to take action. "We're the insurgents now. We have to build the capacity to mobilise and to organise. We have to prise apart the alliance which gave us Brexit."

Blair's views on the subject come after the head of the World Trade Organisation (WTO) said the UK's transition out of the EU will be fast and smooth, with no disruption to trade.

Roberto Azevedo said the UK would not face a vacuum when it leaves and would continue to be a member of the WTO.

Read more: Blair: No promise was given to the US to go to war before UN resolutions

Theresa May has said she will trigger Article 50 in March 2017, meaning Britain would leave the EU officially in early 2019. Earlier this week, audio leaked from a speech she gave to Goldman Sachs last May during her tenure as home secretary. May warned bankers she feared businesses would leave the UK if it voted to ditch the EU.

Two Labour MPs have secured time for a House of Commons debate next week on the impact of Brexit on financial and professional services companies. Liz Kendall and Chris Leslie have been granted three hours to discuss the future of the City after quitting the EU. The discussion will happen on Thursday.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

  • More Big Four blues as Deloitte plans to slash UK audit roles

  • FTSE 100 Live: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

  • Baillie Gifford in line for Anthropic windfall just months after £3.6bn SpaceX bonanza

  • City investors raise alarm on Burnham’s Chancellor pick

More from CityAM

  • Tony Blair accuses Starmer of damaging economy by clinging to manifesto pledges

    Politics
    Tony Blair delivering a speech at a conference podium, discussing current global political issues.
  • Tony Blair is the only sensible voice left in Labour

    Politics
    Tony Blair Keir Starmer
  • Tony Blair has issued a call to arms – but will Labour listen?

    Opinion
    Tony Blair speaking at a press conference, addressing current political issues and highlighting future strategies.
  • Labour may not agree with Blair, but the public does…

    Opinion
    Tony Blair delivering a speech at a conference podium, discussing current global political issues.
  • Burnham hits back at Blair with more state control for ‘good growth’

    Politics
    Burnham smiling broadly at a community event, surrounded by enthusiastic supporters, conveying a sense of positivity and u...
  • Bring back Burnham now!

    Opinion
    Andy Burnham speaking at a press conference, wearing a suit and tie, addressing the media with a focused expression.
  • My generation has only known political chaos

    Opinion
    Westminster Houses of Parliament under clear sky, iconic London landmark representing UK government and politics
  • ‘It’s important we increase spending’: Treasury minister defends triple lock pension

    Politics
    Treasury team members discuss financial strategies at a business meeting, showcasing collaborative efforts in economic pla...

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies