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Sir Martin Sorrell: Brexit referendum would be ‘very damaging for UK economy’

2015-01-24 2 Dailymotion

<p>Sir Martin Sorrell is concerned about the outcome of the British general election. Sorrell, the CEO of WPP, the world's largest advertising company, believes that holding a referendum on leaving the EU would threaten growth in the country. "I can't see foreign companies investing in the UK knowing there is a possibility that we will exit the EU", he told FRANCE 24's Markus Karlsson in Davos. Whether or not the referendum takes place depends on the result of the election.</p><br />Sorrell also commented on the European Central Bank's decision to embark on a massive quantitative easing (QE) scheme. He welcomed the move but underlined his view that &quot;structural reform is what's needed&quot; for Europe. &ldquo;QE helps, certainly in the short to medium term, but all it does is paper over the cracks; it avoids dealing with the fundamental issues&quot;, he explained.<br /><br />Visit our website:<br />http://www.france24.com<br /><br />Like us on Facebook:<br />https://www.facebook.com/FRANCE24.English<br /><br />Follow us on Twitter:<br />https://twitter.com/France24_en

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