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ARTICLE · 17 JUNE 2019

What Impact Could A Second Referendum Have On Business?

Gowling WLG
Gowling WLG
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Under Theresa May's ill-fated Withdrawal Agreement Bill (WAB), MPs would have been given the chance to vote on whether to hold a second referendum.

United KingdomGovernment, Public Sector

Under Theresa May's ill-fated Withdrawal Agreement Bill (WAB), MPs would have been given the chance to vote on whether to hold a second referendum. Although that Bill has now been put on ice, at least one of the hopefuls in the Tory leadership contest - Sam Gyimah - has come out in support of a referendum, and the Labour leadership is under increasing pressure to make a similar commitment following its poor performance in the European elections.

As the debate surrounding Brexit continues, we consider the impact if a second referendum was back on the table and what it would mean for businesses.

What needs to happen for there to be a second referendum?

Should the WAB have been introduced into Parliament, and passed in a form which included the vote on a second referendum, the government would have been required to make provision for that vote to be held. If MPs voted for a second referendum, further legislation would then have been needed to put in place the

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