Virgin’s value has plunged since referendum, says Branson

Sunday, 29 Jun, 2016 0

Sir Richard Branson says his Virgin Group has lost a third of its value since Britain voted for Brexit and claims the UK is ‘heading for disaster’.

He said a business deal that would have created 3,000 jobs collapsed following Friday’s announcement that the electorate had voted to leave the European Union, adding Leave campaigners did not realise ‘what a mess’ the move would make.

Speaking on ITV’s Good Morning Britain, Sir Richard said: "We’re not any worse than anybody else, but I suspect we’ve lost a third of our value which is dreadful for people in the workplace.

"We were about to do a very big deal, we cancelled that deal, that would have involved 3,000 jobs, and that’s happening all over the country."

He said people who voted to leave did so without having all the facts and he called for a second referendum.



 

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Lisa

Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.



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