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

Emmanuel Macron comes over all euro-sceptic…

“We ended the day on what we can call a failure. It’s a very bad image we are giving of the Council and Europe, no one can be satisfied with what happened over so many hours. Our credibility is profoundly tainted with these meetings that are too long and lead to nothing, we give an image of Europe that isn’t serious. We cannot hold talks with world leaders, in an ever more violent world, and be a club that meets at 28 without ever deciding anything.”

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