Everybody’s Investing in Brexit Britain

dbg uk gsk city airport

Three huge businesses have announced major UK investments in the space of 24 hours – in some cases contrary to what their officials claimed prior to the referendum vote. GlaxoSmithKline has announced £275 million of fresh investment, London’s City Airport is getting a £344 million expansion, and Deutsche Börse’s shareholders overwhelmingly approved its merger with the London Stock Exchange. A vote endorsing London as the enduring financial capital of the world post-Brexit…

All three firms contributed to Project Fear. GSK CEO Sir Andrew Witty signed a letter to the Observer in May that claimed “Leaving the EU would bring added complexity and uncertainty, which is bad for business and research.” London City Airport’s CEO Declan Collier claimed Brexit would  “undermine the free flow of trade and travel.” The Financial Times warned of “advisers familiar” with the Stock Exchange merger claiming the day after the vote “The deal is dead. The German’s won’t allow it.” Willkommen in Großbritannien!




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Quote of the Day

David Davis zings the Standard’s editor…

“I don’t read the Evening Standard, and if I’m going to take lessons on rule by decree, it won’t be from the editor.”

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