News World Tony Blair says Brexit can be stopped
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Tony Blair says Brexit can be stopped

Former British PM Tony Blair.
Blair says a pain-gain analysis could have a huge impact. Photo: AAP
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Former British Prime Minister Tony Blair says the UK’s exit from the European Union can be stopped if voters decide the pain of leaving the world’s biggest trading bloc outweighs the benefits of leaving.

In Britain’s June 23 referendum, 51.9 per cent, or 17.4 million people, voted to leave the EU while 48.1 per cent, or 16.1 million people, voted to stay.

Blair, who is pro-European, compared Brexit to “agreeing to a house swap without having seen the other house” and said access to the EU single market would define Brexit.

brexit
Former PM Blair says May is ‘solid’. Photo: Getty

“It can be stopped if the British people decide that, having seen what it means, the pain-gain cost-benefit analysis doesn’t stack up,” Blair, who served as PM from 1997 to 2007, told the New Statesman.

“I’m not saying it will [be stopped], by the way, but it could.

“I’m just saying, until you see what it means, how do you know?” said Blair, who added that he was not planning to return to British politics because of hostility towards him.

Blair is unpopular in Britain for his decision to back then-US President George W. Bush’s 2003 invasion of Iraq and the justification he used for going into a war that cost the deaths of 150,000 Iraqi civilians and 179 British soldiers.

The June 23 Brexit vote took many investors and chief executives by surprise, triggering the deepest political and financial turmoil in Britain since World War II and the biggest ever one-day fall in sterling against the dollar.

While most British politicians agree the referendum result means a divorce must happen, some EU leaders have openly speculated over whether Britain might reconsider the divorce.

Prime Minister Theresa May has repeatedly said that “Brexit means Brexit” and that she will trigger the formal divorce negotiations by the end of March, though she is appealing a court ruling which forces her to give parliament the first say on pressing the exit button.

“She’s a very solid, sensible person but she’s delivering Brexit. And she has to deliver it,” Blair said of May.

“Otherwise she will lose the support of that very strong right-wing media. And they’ll open up a rift in the Tory party again.”

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