Smurfit: Brexit ‘a disaster for Britain and Ireland’

Smurfit: Brexit ‘a disaster for Britain and Ireland’
Michael Smurfit: The young have been let down by middle-aged and the old voting against Europe. There are now two Britains PIc: Feargal Ward

Legendary businessman fears weak sterling will damage Irish exporters

Michael Smurfit, the legendary businessman and former chief executive of paper and packaging giant Jefferson Smurfit, has described Brexit as a “disaster for Britain and Ireland”.

Smurfit told The Sunday Business Post: “This is very bad for Britain. The young have been let down by middle-aged and the old voting against Europe. There are now two Britains.”

He said that sustained sterling weakness would impact on Irish exporters and trade in Europe.

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