Business figures call for vote on Brexit terms

REX Around 100,000 demonstrators march through London during a People's Vote Anti Brexit demonstration waving EU flags banners and placards Anti Brexit People's Vote March for the Future in London UK

REX Around 100,000 demonstrators march through London during a People's Vote Anti Brexit demonstration waving EU flags banners and placards Anti Brexit People's Vote March for the Future in London UK

Their letter demands that the Prime Minister rejects a "destructive hard Brexit" that will hurt the British economy.

Dozens of prominent business leaders wrote to The Sunday Times to urge Theresa May's government to hold a second Brexit referendum to avoid a "destructive" economic impact.

Other people who put their name to the letter include Cobra Beer founder Lord Bilimoria, former Marks and Spencer chairman and ex-Labour peer Lord Myners, Alex Chesterman, founder of the Zoopla property website, and Sir Simon Robertson, the ex-chairman of Rolls-Royce. Now over 70 corporate chiefs have made a decision to get the band back together and are launching a group called Business for a People's Vote, an offshoot of the formal People's Vote campaign that rose from the ashes of the defeated Remain camp.

Britain voted in 2016 to leave the European Union, but some argue the public should get another chance to decide once the terms its departure and future relations with the European Union are clear.

They said the proposals being discussed by the government and the European Commission were "not almost as good as the current deal we have inside the EU". As we report today, over 60 per cent of global investors surveyed by the European private equity and venture capital trade association, Invest Europe, say they are more likely to invest in the United Kingdom post-Brexit, up from 30 per cent this time previous year.

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"The uncertainty over the past two years has already led to a slump in investment". "We rely on just-in-time methods and now there are multiple uncertainties".

"This letter to the prime minister has been signed by over a thousand of my colleagues who are convinced that not only is a People's Vote the right thing to do, it is the most democratic thing to do as well".

Her latest plan for Brexit would resolve the Northern Irish border problem with customs checks happening in factories rather than at the border.

A Downing Street source told the BBC the Prime Minister was clear that there would be no new referendum.

Invest Europe's chief executive Michael Collins says: "The UK has always been a good place to invest and Brexit isn't really changing people's perspectives of that fundamental strength".

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