Yet another blow emanating from the Brexit saga! While the former Bank of England Governor, Mervyn King says that Britain should be “self confident” about leaving the European Union, Donald Trump’s new trade chief, Wilbur Ross, has reportedly urged Britain’s rivals to profit from Brexit and take business away from the UK.
Ross, the 79 year old donor and longtime associate of Donald Trump is a clever guy who has helped Trump resurrect his casino company after it went bankrupt in the early 1990s. According to Trump, Wilbur Ross is a champion of American manufacturing and knows how to help companies succeed. Therefore, his outbursts about Britain’s potential problems may not go unnoticed. We are all too aware that Britain’s rivals like France and Luxembourg are all poised to strike and take advantage of the God given opportunity to profit from Britain’s exit from the EU.
We also know that some of our financial institutions are already making plans to move their HQs from Britain to France or Germany.
This will have very adverse effect on Britain’s economy as we rely heavily on our financial acumen to generate business and to create wealth. This will also affect us Asians, particularly the Gujaratis, who are mainly employed in the financial industry and the movement of financial institutions away from Britain could cause unemployment and displacement in many of our people.
Dinesh Sheth
Newbury Park, Ilford
