Brexit has made it hard to invest in the UK, according to the head of the company behind the New York Stock Exchange — a one-time backer of the UK’s split from the EU.
Jeffrey Sprecher, founder and chief executive of Intercontinental Exchange, said the UK had lost value as a trading centre since leaving the single market, and uncertainty around some post-Brexit regulations had made it difficult to invest in British businesses.
“They still seem to be getting their arms around ‘what does a post-Brexit UK look like from a regulatory standpoint’,” he said on Tuesday. “So it’s hard to make investment decisions for us in either London or continental Europe.”
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