Founder and chairman of Virgin Group, Sir Richard Branson, said the company has lost about a third of its value since the Brexit vote Thursday.
Branson said Britain will fall into a recession, and called for a second vote on the “Good Morning Britain” tv program.
“I don’t believe the public realized what a mess their vote would cause,” Branson stated on ITV’s morning breakfast program, which is co-hosted by former CNN anchor Piers Morgan.
“There should be a second referendum, particularly once the terms are known about what our entry into Europe is going to cost us, the public will have all of the facts,” Branson suggested, before Morgan interrupted, “Here is the problem with this, we are supposed to be a Democracy, and 17 million people voted to leave.”
Morgan continued, “When we lose a normal election, we don’t just say; Hey Ed Miliband lost the election, let’s have another throw at it; Why would we go against the Democratic results?”
“We are heading towards a disaster. I don’t believe the public realized what a mess their vote would cost,” Branson replied.
In an interview with the Guardian, Branson said he met a group of Chinese businessmen who had invested heavily in England, but were now going to stop investing and withdraw investments they already made. “Business people do not want politicians to completely and utterly wreck the hard work they’ve done for years and years and that is effectively what happened.”
Branson blamed pro-Brexit politicians for causing chaos in global markets, and accused them of misleading the public. On the morning program, Branson asserted that, “When Brexiters told the public that people were exaggerating there would be a financial meltdown I think it’s been proven they were not exaggerating.”
Branson does not have voting rights in the United Kingdom because he lives in the British Virgin Islands, but he employs 50,000 people in the U.K., and campaigned for Britain to remain in the European Union.
On June 23, 51.9 percent of British citizens voted to leave the EU, with 48.1 voting to stay. Seventy-two percent of the voting public turned out to the polls, which is just over 33.5 million people.
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