Business tycoon says hard EU exit would be VERY dangerous for the UK in Brexit WARNING

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Tony Smurfit, CEO of uniting firm Smurfit Kappa, praised the “realism” coming from the Administration following the fourth round of exit talks.

Speaking to Bloomberg, he responded a “hard” break from the bloc would be “very difficult” for the UK.

He intended: “The longer-term implications of a Brexit if it happens in a hard way, as is being predicted, would be I characterize as very difficult for the UK.

“I’ve seen over the last couple of weeks a teeny-weeny bit more realism coming into that whole scenario and so we see some class of a transition arrangement.”

Brexit news - SmurfitBloomberg

The boss of Smurfit struck a warning on hard-Brexit.

Mr Smurfit was asked about his whether he would expand his province in the UK or if he was now looking to continental Europe instead.

He said: “I think the UK is a very significant market for us so we have to go where our customers are going and so far we haven’t seen anything, we’re altogether comfortable in the UK.

“We’ve put a lot of money in here we’ve put over £200million over the stay number of years into the UK market.

“So thus far we’re saying all the indications are that it’s not in the UK’s partisans to have a hard Brexit and if it isn’t a hard Brexit then ultimately I weigh what will happen is they’ll find a way to make this effort for business.”

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