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Fancy That - Brexit Bloomers: No. 2

Property pundits pasted

“A KPMG poll of 25 global real estate investors with assets under management of over $400bn has revealed today that two thirds believe a Brexit would result in less inward investment into UK property and property companies.” (The Daily Telegraph, 3 April 2016).

“Four of China’s biggest banks have this month agreed to finance the first stage of a $2.12 billion transformation of an old East End dock into a hub for Asian businesses, says Bloomberg.” (The Drum, 18 November 2016).

No disruption

“Negotiations about the shape of the UK’s post-Brexit trade arrangements would have to start from scratch after a leave vote in the EU referendum, the head of the World Trade Organisation said ” (The Guardian, 7 June 2016).

“The UK is a member of the WTO today, it will continue to be a member tomorrow. There will be no discontinuity in membership. …Trade will not stop, it will continue and members negotiate the legal basis under which that trade is going to happen. But it doesn’t mean that we'll have a vacuum or a disruption."” (Sky News, 26 October 2016

Still investing in cars

“Jaguar Land Rover, Britain’s biggest carmaker, estimates its annual profit could be cut by £1bn by the end of the decade if Britain leaves the European Union, according to two sources familiar with the company’s thinking.” (The Guardian, 21 June 2016).

“The boss of Jaguar Land Rover wants to make new electric vehicles in the West Midlands, creating 10,000 new jobs at the auto maker and up to 60,000 more in its supply chain across the region.” (Express and Star, 26 November 2016)