54% now want to remain – time to reconsider Brexit?
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With polls showing that 54% of voters in the UK supporting remaining in the EU and 60% supporting retaining EU citizenship rights, is it now time for Theresa May to rethink her policy of taking the UK out of the EU and the Customs Union?
The British electorate are showing clear signs of Brexit-fatigue according to a recent survey published by market research organisation Survation.
The survey, published on July 1st indicates the unease with which UK voters are viewing Brexit after a year of political, economic and social uncertainty caused by the shock result of the referendum on EU membership held in June last year.
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The survey reports that the majority would prefer to ditch the negotiations to leave the European Union and the Government to work on rebuilding the UK’s relationships with the EU. Failing this, should the negotiations continue, just over half of the electorate would prefer to see any negotiations carried out by a cross party coalition rather than leaving the negotiations to Theresa May’s minority government alone.
Tellingly, less than a quarter of those polled said that they would be happy to leave the Single Market and chase free trade deals elsewhere in the world, such as with the United States, Australia, China and India. This controversial, hard version Brexit has been deeply unpopular, especially in the business community and the financial services sector. Projected job losses such as the 9,000 jobs poised to be moved to Dublin, Frankfurt or Paris from the City of London as shown in Reuters research recently, are also adding to the sense of business unease.
With this backdrop, is Theresa May wise to stick to her uncompromising Brexit vision as laid out in her Lancaster House speech? or should she take note of even her hardest line supporters such as the Minister for Exiting the European Union, David Davis MP. Davis and others are beginning to shift their ground in the face of the EU not backing down on Single Market Access and are suggesting that compromises are going to be have to be made on Free Movement and European Court of Justice jurisdiction that will bring the UK back to right where it was before the EU Referendum.
If this is the case, was the Referendum a wasted exercise? Indications are that it was.
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