The Business Times
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Don't fret over Brexit; UK is better on its own

Published Mon, May 23, 2016 · 09:50 PM

I WAS surprised to see your rather alarmist editorial, "The potential damage from 'Brexit' extends far beyond Britain" (BT, May 19), particularly as it was published on the same day that your front page headline trumpeted Mapletree's £500 million (S$998.4 million) investment in the UK (its largest investment to-date).

Just last week, the Chinese bank ICBC announced its purchase of one of London's largest gold vaults, and the London Stock Exchange announced its final plans to merge with Deutsche Borse.

The reasons these deals are happening (despite the latest opinion polls showing a real chance of Brexit) is that the UK, and London in particular, will remain at the heart of trade regardless of whether Britain chooses to stay in the EU on June 23.

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