11/3/2018, 7:50 PM (Source: TeleTrader)
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Report: 50 business execs in UK ask for second vote on Brexit

According to Sky News, more than 50 business leaders in the United Kingdom have signed an open letter, to be published on Sunday, calling for a referendum on the final Brexit deal.

The Sunday Times will release the letter, which will also kick off a campaign "Business for a People's Vote" to take place in the following weeks. The signatories warn in the letter that a "blindfold or destructive Brexit" could lead to significant economic damage, and one source stated that the Brexit proposals currently on the table would hinder frictionless trade between the UK and the European Union.

Entrepreneurs that signed the letter include James Daunt, CEO of Waterstone, Justin King, head of portfolio operations of private equity firm Terra Firma Capital Partners, Baroness Lane-Fox, board member at Marks & Spencer, Sir Mike Rake, former chairman of BT Group, and Richard Reed, co-founder of Innocent Drinks.

Prime Minister Theresa May has repeatedly affirmed there will be no second referendum on Britain's departure from the EU.

Breaking the News / NI