Brexit impact is going to be horrible, says leading City fund manager

Discussion in 'Market News' started by Lily, Jul 17, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Richard Buxton predicts that UK economy will judder to a halt, but adds that recession may not be as bad as some shares suggest

    One of the leading money managers in the City of London has said the fallout from Britain’s vote to leave the EU will be “horrible” and the Square Mile is still “slightly stunned” by the result.

    Richard Buxton, the chief executive and head of UK equities at Old Mutual Global Investors (OMGI), which manages £26bn of funds on behalf of individual investors and institutions, said warnings from the pro-EU campaign about the impact of Brexit before the referendum were well placed.

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