Corbyn Challenges the Torys to Call for Another Referendum

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British Labor Party The British Labour Party leader Jeremy Corbyn, who is currently promoting remaining into the European Union, challenged the British conservative party to call for another referendum, as we approach the deadline.

Claiming that he would do anything to stop a "no deal or a damaging Tory Brexit" scenario, Corbyn now has changed his rhetoric, which used to promote Euroscepticism, however, he was careful enough not to tell what he would do if he won a general election, which would give him total control over the Brexit Process.

"Labour will do everything we can to take no deal off the table or stop a damaging deal of the sort Hunt or Johnson propose," he said in an interview, making a reference to the possibility of a No-deal Brexit.

It's not clear whether Corbyn was pressured by his peers in the Labour party to change his position, which as we mentioned used to be against remaining in the union.

"Not a bit of it. I've been listening and I've enjoyed it," he said when asked if he changed his opinion.

The labor party is now promoting an accord with the different parties that would help to avoid the no-deal outcome, "sensible alternative that could bring the country together", according to Corbyn.

The United Kingdom is set to leave the European Union at the end of October. Whether they'll leave with or without a transition is not clear, however, the leading conservative party leadership seems to accept a no-deal outcome as a real possibility, a position that bothers analysts and investors.

The British conservative party is currently split regarding the Brexit issue. Despite there is a comparatively lower number of "europhile" conservative parliament members, the mainstream leadership doesn't favor a no-deal exit. The favorite candidate to succeed Theresa May, Boris Johnson, has stated several times that he is willing to deal with this outcome, however, he may be unable to reach a stable majority that would support this option.

Sara Patterson has a Master’s Degree in political science and enjoys analyzing both current events and the international markets to get a fuller perspective of the currency market. Before turning to financial writing, she taught English writing skills to high-school age students. Sara’s work has been published on various financial and Forex blogs.