So it starts.
Well done brexitiers. Wetherspoons open yet?
Richard Branson reveals cost of Brexit as Virgin Group cancels deal worth 3,000 jobs
Well done brexitiers. Wetherspoons open yet?
Richard Branson reveals cost of Brexit as Virgin Group cancels deal worth 3,000 jobs
Richard Branson reveals cost of Brexit as Virgin Group cancels deal worth 3,000 jobs
Sir Richard Branson revealed the growing cost of Brexit this morning, as he admitted Virgin Group had cancelled a deal worth 3,000 jobs.
The billionaire businessman said the company had made the decision to pull the plug on "a very big deal" because of the the uncertainty created by last week's vote to quit the EU .
Since then, the company may have lost up to a third of its value, according to founder Sir Richard.
The billionaire businessman warned the country is heading towards "disaster" and called for there to be a second referendum because facts touted by Leave campaigners were "inaccurate".
Appearing on ITV's Good Morning Britain, he added: "The pound has collapsed to its lowest level in 30 years. This country is going to go into recession, two of the worst days ever. Banks being pounded means they are not going to lend money."
Sir Richard Branson talking on Good Morning Britain
Sir Richard Branson's company is counting the cost of Brexit
On the Virgin Group, which owns shares in various companies including Virgin Media and Virgin Trains, the British businessman said: "We're not any worse than anyone else but I suspect we've lost a third of our value, which is dreadful for people in the workplace."
He added: "We were about to do a very big deal and we cancelled that deal that would have involved 3,000 jobs and that's happening all over the country."
Sir Richard also called on the public to sign a petition demanding a second referendum , which has so far gained more than 3.5 million signatures.
He said: "When Brexiteers told the public that people were exaggerating that there would be a financial meltdown I think that its been proven that they were not exaggerating.
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"We're heading towards disaster and therefore in business if you realise you made a bad decision you change it. And we're not saying to overrule it, just let the same people who voted have another chance and that's democratic."
As Sir Richard was appearing on ITV, Chancellor George Osborne was telling BBC Radio 4's Today Programme Brexit will “absolutely” mean tax rises and brutal new austerity cuts .
Brexit chaos live: Nigel Farage booed in European Parliament as Jeremy Corbyn faces Labour crisis
The Chancellor made his dire statement today - despite not following through with his threat to hold a summer Brexit budget.
Sir Richard Branson revealed the growing cost of Brexit this morning, as he admitted Virgin Group had cancelled a deal worth 3,000 jobs.
The billionaire businessman said the company had made the decision to pull the plug on "a very big deal" because of the the uncertainty created by last week's vote to quit the EU .
Since then, the company may have lost up to a third of its value, according to founder Sir Richard.
The billionaire businessman warned the country is heading towards "disaster" and called for there to be a second referendum because facts touted by Leave campaigners were "inaccurate".
Appearing on ITV's Good Morning Britain, he added: "The pound has collapsed to its lowest level in 30 years. This country is going to go into recession, two of the worst days ever. Banks being pounded means they are not going to lend money."
Sir Richard Branson talking on Good Morning Britain
Sir Richard Branson's company is counting the cost of Brexit
On the Virgin Group, which owns shares in various companies including Virgin Media and Virgin Trains, the British businessman said: "We're not any worse than anyone else but I suspect we've lost a third of our value, which is dreadful for people in the workplace."
He added: "We were about to do a very big deal and we cancelled that deal that would have involved 3,000 jobs and that's happening all over the country."
Sir Richard also called on the public to sign a petition demanding a second referendum , which has so far gained more than 3.5 million signatures.
He said: "When Brexiteers told the public that people were exaggerating that there would be a financial meltdown I think that its been proven that they were not exaggerating.
Brexit chaos live: Jeremy Corbyn faces no confidence vote as Conservative leader wannabes are revealed
"We're heading towards disaster and therefore in business if you realise you made a bad decision you change it. And we're not saying to overrule it, just let the same people who voted have another chance and that's democratic."
As Sir Richard was appearing on ITV, Chancellor George Osborne was telling BBC Radio 4's Today Programme Brexit will “absolutely” mean tax rises and brutal new austerity cuts .
Brexit chaos live: Nigel Farage booed in European Parliament as Jeremy Corbyn faces Labour crisis
The Chancellor made his dire statement today - despite not following through with his threat to hold a summer Brexit budget.
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