Richard Branson
Richard Branson

Business mogul, Founder and Chairman of Virgin Group, Richard Branson has said that his company has lost a third of its value, following the United Kingdom’s vote to leave the European Union.

Branson wants a second referendum and says that Britain would fall into a recession. Speaking to the Good Morning Britain TV show, he said:

“This country is going to go into recession. Two of the worst days ever —banks have been pounded means they are not going to lend money, we’re going to go into recession,” he said. “We are heading towards a disaster. I don’t believe the public realized what a mess their vote would cost.

“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. I think one of the reasons why 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 then have all the facts.”

In a separate interview with the Guardian Newspaper in the UK, Branson said:

“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,” he said. “Thousands and thousands of jobs will be lost as a result of this. Thousands of jobs that would have been created will be lost and the knock-on effect will be so dire.”

The global tycoon claims his airline-through-finance group dropped a “very big” deal that would have involved 3,000 jobs because of the Brexit vote.