Brexit latest - UK will 'STAY under EU rule’, fund chief claims
Mark Mobius, group chairman at Templeton Emerging Markets, said people were starting to realise the “concerns” surrounding Brexit. Speaking to Bloomberg, he said: “I think it has a big impact because people are starting to realise that this whole Brexit situation is causing concern and it is having an impact on prices. “Indirectly you’re getting a rise in prices in a number of commodities, a number of things people buy every day. “So I think you’re definitely going to see a lot of concern about Brexit. I personally believe that the UK is not going to change very much in terms of EU rules.
GETTY • BLOOMBERG Mark Mobius said it would be a very soft Brexit
“You’re talking about 40 years now, adapting EU rules, why change?” Mr Mobius added things would remain the same after the UK leaves the bloc. He said: “My feeling is that it is going to be a very soft Brexit. “Things will remain pretty much the same, the only difference is the UK won’t have a vote.”
My feeling is that it is going to be a very soft Brexit Mark Mobius
It comes as Co-Chairman of Leave Means Leave, John Longworth, argued pro-Brussels politicians in the establishment could attempt to backtrack on Brexit. Speaking to the BBC, the former Director-General of the British Chambers of Commerce, added opting to become a member of the European Economic Area (EEA) would mean undermining the EU referendum result. Mr Longworth said: “When the campaign took place to leave the European Union, all the people who supported Leave made it clear what Leave means. “That it means taking control of our own borders, having Parliamentary Sovereignty, having our courts rule over the UK and not the European Court of Justice and having the freedom to create a better economy for ourselves.
Brexit debate in pictures Mon, April 17, 2017 The debate in the European Parliament in Strasbourg will focus on key issues of the Brexit talks including reciprocal rights for EU citizens, the peace process in Northern Ireland and trade Play slideshow AFP/Getty Images 1 of 23 Former leader of the UK Independence Party (UKIP) Nigel Farage (L) gestures as he speaks with EU Commission president Jean-Claude Juncker (R) prior to a debate on the conclusions of the last European Council, at the European Parliament in Strasbourg