Devalued Pound Is Key to Brexit Success, Labour Donor Mills Says

  • Pound at $1.10 could spur 3%-4% growth, U.K. businessman says
  • U.K. should slow foreign takeovers with public-interest test

The key to Britain making a success of its decision to leave the European Union is to allow the pound to devalue and encourage manufacturing, according to businessman John Mills, a major donor to the opposition Labour Party.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.