NEWS： The Second Referendum is a Breakthrough of the Deadlock between Britain and Euro
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Andy Halford, chief financial officer of Standard Chartered Bank, believes that holding a second referendum on Britain's membership in the European Union may be a way to break the parliamentary deadlock on Britain's withdrawal from Europe.
Halford told Reuters at the World Economic Forum in Davos that, considering that British Prime Minister Theresa May had failed to unite disagreeing politicians to support her withdrawal agreement, there was a "fairly convincing reason" to hand over decision-making power to the public.
Banking executives have previously avoided commenting on the potential benefits of holding a second referendum. Several large banks had been criticized before the 2016 referendum for vigorously providing financial support for the movement to stay in the EU.
"The British Parliament is democratically elected to represent the people, so it is ostensibly up to Parliament to decide," Halford said.
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