Brexit

Brexit Doesn't Have to Happen

And, according to New York's former mayor, is the "stupidest thing any country has ever done".
Photo: Ik Aldama/DPA/PA Images

New York's former mayor, Michael Bloomberg, has said Brexit is the "stupidest thing any country has ever done", aside from America electing a famous idiot as president.

The American businessman, who has a £16 million home in London, told a room full of technology conference-goers in Boston a couple of weeks ago that, had he known the UK would vote to leave the EU, he'd have thought twice about building Bloomberg's new European HQ in the capital.

"We have employees – not a lot, but some – who are starting to say, 'I don't want to work here – can we transfer to someplace else? This country doesn't like immigrants,'" the Guardian reports him as saying. Bloomberg, 75, reportedly went on to say: "What they are doing is not good, and there is no easy way to get out of it because if they don't pay a penalty, everyone else would drop out. So they can't get as good of a deal as they had before."

Donald Tusk, however, believes all hope is not lost. The president of The European Council believes the result of the referendum could be reversed, saying at the European Parliament in Strasbourg that negotiations could well end in "no Brexit", if the government decided that was the way to go.

Legal experts are split on whether the UK can revoke its triggering of Article 50, but if the clause is not revoked – or if there's no extension on the withdrawal period – we're set to automatically leave the EU in March of 2019 with no deal.