Branson says Virgin Group lost third of value post-Brexit

Virgin Group founder Richard Branson says the company has lost a third of its value since the UK voted to leave the European Union. Branson also believes the country is heading for a disaster, predicting it would fall into another recession. The tycoon wants another EU referendum, now that Britons, he says, could see the economic implications of a so-called Brexit. On a British TV show, Branson said his company cancelled a "very big" deal since the vote, which would have involved about 3,000 jobs. In a separate interview, he revealed that a group of Chinese businessmen who had made huge investments in England would halt future investment plans and pull out those they had already made.

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