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Goldman Sachs Calls for Second Referendum to Confirm Support for Brexit

17th November 2017

Businesses have been yearning for information to be published about the changes in trade and business since the vote on 24th June 2016. The government has stated that they will be publishing papers about the finalised trade and business deal September 2018, only six months prior to Brexit, providing them with a limited adjusting period.

CEO of the multinational financial service provider Goldman Sachs has proposed a second referendum to confirm support for what he said was a “monumental and irreversible” decision. In his tweet Lloyd Blankfein said:

“Here in UK, lots of hand-wringing from CEOs over #Brexit. Better sense of the tough and risky road ahead. Reluctant to say, but many wish for a confirming vote on a decision so monumental and irreversible. So much at stake, why not make sure consensus still there?”

Goldman Sachs currently has 6,000 employees in the UK and has headquarters scheduled to be completed in the midst when the divorce will be settled in March 2019. Disapproval of Brexit has been expressed by the CEO; Blankfein has a total of 26 tweets four of them being related to Brexit. It would be understatement to say that many CEOs and business owner such as Blankfein are sceptical to see the way that Brexit will pave out.

Corporations are letting the government know that they will have to start applying contingency plans by the end of March next year (a year before Brexit). Goldman Sachs ideas include taking the top eight floors of a 37-storey block under construction in Frankfurt, which is anticipated to be ready for business in the third quarter of 2019. It could occupy 1,000 staff – compared with the 200 it already employs already.

Sources: The Guardian and Twitter

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