Virgin entrepreneur Richard Branson reveals Brexit has cost "tens of millions of pounds"

Lynsey Barber
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Richard Branson is not happy about Brexit (Source: Getty)

One of Britain's most successful entrepreneurs has revealed that Brexit has cost his business "tens of millions of pounds".

Billionaire Richard Branson, the man behind an empire which has spanned airlines to record stores, revealed the cost months after he sold off a multimillion pound major stake in Virgin Atlantic to Air France-KLM.

He cited the reduced spending power of travelling Brits with the pound losing value and the pricing of jet fuel, speaking to the Sunday Times.

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He also said that Brexit was "the worst thing that's happened to Britain in my lifetime".

"You make a list of all the pluses and all the minuses and the minus list just grows. Nothing that was promised by the Brexit people is going to happen, not even immigration curbs. People are beginning to realise we need people from Europe to help our economy," the well-known Remain supporter told the newspaper.

The view is in stark contrast to fellow billionaire entrepreneur James Dyson who recently called Brexit uncertainty "an opportunity".

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