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"Whatever Brexit is on offer today is going to result in
significant economic harm," Blair, who served as prime minister
from 1997 to 2007, told Reuters.
"I still believe it is possible that Brexit is stopped, I think
there is no majority in parliament for any proposition that the
prime minister brings back," Blair said, adding that he wanted a
second referendum.
Less than six months before the United Kingdom's exit from the
European Union, there is little clarity about how the world's
fifth largest economy and its preeminent international financial
center will trade with the EU after Brexit.
May is trying to clinches a deal but there is uncertainty on
whether she could sell it at home, where she will need approval
from the British parliament.
Blair said European regulators would not want the center of
European finance to be outside their orbit so jobs would be lost
in the financial sector.
"Why give ourselves this problem in a field of the global
economy where we are globally preeminent?" Blair said, adding
that the government had cast aside the interests of the service
sector.
Blair said that if Brexit did go ahead and was followed by a
Labour government led by Jeremy Corbyn, then the country would
face a "truly damaging and challenging situation".
"This is the problem with the policies of both major parties:
they seem to think you can do Brexit and then engage is a whole
lot of social legislation to make capitalism fairer and more
equal and so on," Blair said.
"They have got to wake up to the fact that if you do Brexit your
number one priority is going to be keeping this place as an
attractive place for investors to come."
(Reporting by Guy Faulconbridge and Andrew MacAskill)
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