Woodford: Brexit will not affect Britain's long-term economic future

Commissioned private research

Neil Woodford has dismissed fears over the impact of the UK's decision to leave the European Union, concluding the long-term economic future of the country will be unaffected by the vote.

The founder of Woodford Investment Management and manager of the £8.6bn Woodford Equity Income fund said he is focusing on the long-term fundamentals of the economy.  Asset managers and bank shares dive 20% on Brexit vote Woodford (pictured) said: "Markets are clearly shocked by the decision but, in our view, it is not as negative a development as the market's initial reaction appears to imply. "We have been clear in our thinking on the economic implications of Brexit for some time. The independent report that we commissioned on the subject concluded that Britain's long-term econom...