No-deal Brexit will “near-bankrupt UK,” says Sir Richard Branson

Sir Richard Branson thinks a no-deal Brexit would “near bankrupt” the UK.

Branson made these comments to the BBC.  He was “absolutely certain” that leaving the EU without a deal would cause the closure of “quite a few British businesses”.

Sir Richard was speaking from the Mojave desert in California when he said: “I think Theresa May needs to be 100% honest with the public.

“She’s admitted that a hard Brexit would be an absolute disaster for the British people.

“From our Virgin companies’ point of view, a hard Brexit would torpedo some of our companies,” he said, adding that Virgin Holidays would be hit as the pound would drop to parity and fewer people would be able to afford to go abroad.

“If British business suffers, British people will suffer, and it’s really really important that people realise that.”

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