US tycoon Warren Buffett promises to invest in the UK regardless of Brexit deal


BILLIONAIRE Warren Buffett says he is eager to invest in Britain regardless of the outcome of Brexit.

The American tycoon said he was not worried about our leaving the EU and was “ready to buy something in the UK tomorrow”.

The American tycoon has promised to continue investing in Britain
AP:Associated Press

The 88-year-old’s endorsement is a welcome boost for Britain amid the uncertainty of whether we will leave the European Union with or without a deal.

The CEO of US conglomerate Berkshire Hathaway told his shareholders earlier this year that the company hoped to “invest significant sums across borders”.

Mr Buffett told the Financial Times: “We welcome the chance to put money out any place where we think we understand and sort of trust the system.

“We’re never going to understand any other culture or the tax laws or the customs as well as the US, but we can come awfully close in Britain.”

Europe was grappling with populism, a slowing economy and rising tension within its union, the multi-billionaire investor said.

He added it was “very tough” for the EU because member states spoke different languages and had “entirely different fiscal situations”.

Mr Buffett went on: “It doesn’t surprise me that there would be a lot of tensions and, sometimes maybe, impossible tensions, even.”

The businessman has previously made successful investments in Britain. His company owns Northern Powergrid, which distributes electricity to homes and businesses in the North East.

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