Russell Brown OBE Quoted by China Daily on Brexit

LehmanBrown International Accountants Managing Partner, Russell Brown OBE was quoted recently in the China Daily‘s July 1st  – 7th issue on Brexit and the impact of the UK’s decision to leave the EU. The decision of the British people to vote for Brexit in the recent referendum has caused heated debate globally on both sides of the argument. David Cameron has subsequently resigned post referendum defeat due to the failure to prevent UK from exiting the EU and Theresa May has assumed the role of Prime Minister with Brexiteer Boris Johnson appointed to the role of Foreign Secretary. Economists have stated that Brexit will influence the flow of Chinese investment in to the UK.

Russell Brown believes that despite the inevitable short-term economic upheaval, that Brexit might bring benefits for UK and China’s concerning a separate trade treaty outside of the EU.

“It (Brexit) enables China to go and do a trade treaty with the UK because at the moment it is being frustrated by the European Union and there seems to be no incentive to get anything in place quickly.”

He also believes that on the contrary to the argument during the vote, China could pursue greater urgency to negotiate and enact agreements or deals with UK on trade and investment.

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