UK better off with Brexit
September 28, 2016

The chief executive of publishing giant Axel Springer, Mathias Doepfner, announced that in his opinion Britain was bound to experience short-term pain as a consequence of its 23 June vote to quit the EU, “but in three to five years from now, my bet would be that England will be better off than continental Europe”.

It was suggested that the short-term effects of Brexit would include currency fluctuations and turbulence in the property market but the UK would be free to implement a “very healthy”, “talent-oriented” immigration policy once outside the EU.

Meanwhile, the remaining EU members would lose Britain’s “healthy influence”, in particular its “pragmatism” and “free-market orientation”, which had led to “sensible compromises” in negotiations in the bloc.

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