Brexit will be good for UK investment, says Dr Pippa Malmgren

'Investment banks won't have to leave', says doctor Pippa Malmgren on Brexit

Pippa Malmgren gives a positive view on the outcome of the EU referendum

Friday, June 24, 2016

American policy analyst Dr. Pippa Malmgren claims Britain leaving the EU will mean more investment – despite other experts claiming we will be worse off.

She believes the UK being under its own governance will allow it to become an even more attractive location for investment.

"I think the consequences for the British economy are going to be really good," she told Sam Delaney. "This idea that the investment banks are somehow going to have to leave doesn't make any sense. Financial service centres thrive on lack of red tape and relatively low taxes."

"Already the UK is one of the more attractive places for capital to go, and now we just got a 10 per cent discount on the cost of buying anything here because the currency fell."

"I think what we're going to get is a matter of choice, so one choice is that you set the governance up in this country so you have the advantage go to big business and big government. Or you can set it up so the advantage goes to small businesses.

"You have to simplify the tax code, because the more complicated the tax rules and regulations are, the easier it is for the big guys to gain and the little guys to get caught in the net.

"There are loads of ways to do this, but you don't have to destroy the attractiveness of the British economy just to get the tax revenue up, you can actually get the tax revenue up and make it a more attractive place for capital to invest.

"I see no reason why that can't happen, every reason why it can now we're out.

"I'm very delighted to be just about the only person with this view because I was leaning pro-Brexit for the last 18 months, the day before the vote I said it's going to be a big vote for Brexit, and everybody said you've completely lost your marbles."