Next PM ‘must take Brexit by the horns’ to turn UK into global investment power | Politics | New


Dale Wood has spent the past 22 years investing in a wide variety of businesses ranging from technology to real estate to healthcare in countries ranging from East Asia to South America . The owner and CEO of Dale Ventures Group believes Brexit has presented a “fantastic opportunity” for Britain, but warned that if not handled well it could backfire.

Speaking to as Rishi Sunak and Liz Truss battle to replace Boris Johnson, he warned that people on all sides of the debate are unhappy with “certain aspects” of the current trade deal on the Brexit.

The global investor – who has invested in companies in Europe, Latin America, the Far East and the Middle East – added: “As with any business, governments need to take the right approach.

“Boris Johnson got Brexit done but there are clearly problems with his deal – you can see that by the fact that people on all sides are unhappy with some aspects of it.

“That doesn’t mean it can’t be changed and I hope his successor will make it his top priority when he takes office next month.

“The UK Prime Minister will no doubt be aware of this, but it remains to be seen whether he will act on it.”

Mr Wood believes Ms Truss’s plans to cut taxes to boost economic growth could achieve their ambition “as long as public services are still properly funded”.

And the former chancellor’s pledge to keep inflation under control – which hit a 40-year high of 10.1% in July – is equally key, he said.

He said: “There is no easy way to stabilize the UK economy and both candidates have good ideas.

“My libertarian leanings lean towards Liz Truss because she wants to reduce the tax burden of her 70-year-old high.

“But I am also aware that the huge debts accumulated during the pandemic must be repaid and that the overheating of the economy will not control inflation.

“It’s a difficult situation to be in and there’s no doubt that something needs to be done about it.

“Whoever wins must be fully aware of this and continue to make the most of Brexit from day one.

“I know politicians love to talk about their plans for the first 100 days, but it’s more urgent than that.

“As soon as their foot steps through the door, the focus must be on tackling the cost of living crisis and creating a truly global Britain that will attract investment from around the world.

“That’s what we want to see at Dale Ventures and we believe it’s possible regardless of who wins the race.”


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