A campaign group called Business for a Peoples Vote, launched on Thursday, said that 57% of firms are in favour of a second referendum, according to a new YouGov poll, with support building day by day.
Sir Mike Rake, the former chair of BT, Justin King, the former chief executive of Sainsburys, and Lord Karan Bilimoria, the founder of Cobra beer, were among those fronting the group.
Rake said now it was clear that Britain was unlikely to clinch the type of Brexit deal many had hoped for, it was time to give the public the opportunity for a more informed choice than was available at the time of the first vote, when 52% voted to leave the EU.
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Business leaders call for second Brexit referendum
In 28 months [since the Brexit vote] weve virtually got nowhere, Rake said. Were already seeing the jobs begin to move out, the loss of influence were beginning to experience right across the world … its now time to go back to the people.
King said the current choice facing the British public was a bad Brexit or a disastrous Brexit. The former boss of Sainsburys added: This time around it is a choice between the best Brexit the prime minister has been able to negotiate and a different decision. If anything, the democratic deficit is that we havent actually had a vote on what this is about.
Campaigners believe that despite the prime ministers insistence that there will be no second referendum, it would be possible if parliament votes down her Brexit deal.
The poll of 3,006 people by Hanbury Strategy also found that only 8% think there should be a referendum on whether to accept the Brexit deal or leave with no deal at all.
The YouGov poll of more than 1,000 business leaders revealed that support for a peoples vote was strongest among large businesses, at 59%. Backing among small and medium-sized firms was 54%.
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Tom Meyerratken, managing director of Wales-based hand tool manufacturer Carl Kammerling, which has an £80m turnover, said the Brexit vote had already affected the firm.
Meyerratken said plans to expand its warehouse in Pwllheli were put on hold the day after the Brexit referendum. The company is now considering expansion in Germany instead. This is the real economy, real people, real jobs, he said.
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Bilimoria, who has built Cobra into a household name, said the Brexit process was like watching a train crash in slow motion. People are now waking up and seeing that this emperor has no clothes. Its happening day by day.
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However Richard Tice, co-chair of the campaign group Leave Means Leave, dismissed the call for a peoples vote.
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He said: Business leaders whingeing about uncertainty are the same people calling for a second vote, which would take a year, make us look ridiculous as a nation and thus add hugely to even more global uncertainty.
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