Brexit means years of pain, says Naughton

Glen Dimplex founder Martin Naughton was ‘depressed’ over the Brexit result, but believes that Ireland’s 12.5 per cent corporate tax rate is “sacred”.

Naughton – who sits on the board of global banking giant Citigroup and is a trustee of Notre Dame university – said that he was “deeply depressed by the Brexit vote”.

“In business, none of us saw it coming . . . Now there’s no Plan B because no one ...