Woodford warns UK investment will wilt in face of EU referendum

Michael Bow
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TOP FUND manager Neil Woodford, who invests about £9bn on behalf of UK savers, has warned a UK exit from Europe will stem the tide of international investment into Britain.

“The likelihood of a referendum I think will put a brake on external investment, international investment in the UK,” he said in an interview with the BBC.

The manager, considered the most influental retail-backed investors, looks after £9.3bn at his investment boutique Woodford Investment Management.

He also said the Eurozone was not viable in its current form and foresaw economics trumping politics in the bloc’s decision on whether to push to keep Greece in the currency union. “I’m very conscious of the stresses and strains ,” he said.

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