Peston reminds people that if the Tories don’t secure a Brexit deal, multinational businesses will start moving abroad

“People in this country forget this,” he told LBC listener Richard.

“We are a very open economy, governments for 30 years went around the world saying to international business ‘set up in Britain for access to the single market’.

“The result of that is, and official statistics bear this out, almost a third of the value of everything produced in this country comes from businesses that are owned by foreign interests.

“That means they can put their business more or less anywhere and the moment they believe that being in Britain is less commercially attractive because they can’t get access to that very important market and the rest of the Europe as efficiently as they could they will move that investment and we will be poorer.”

Source: LBC


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