Poole-based businessman and property developer Richard Carr believes the United Kingdom will become a richer nation if it leaves the European Union on the 23rd June.
Richard Carr has been in business for three decades, during which he built a public limited company and enjoyed success in the nightlife and property development industries.
He believes the UK will be a stronger nation if the country decides to leave the European Union later this month.
“Once the shock of leaving the EU is digested it’s highly likely that the pound will rally,” he said. “As an isolated nation we won’t be affected by the redistribution of wealth that is likely to happen in the European Union.
PM David Cameron has warned that leaving the European Union will put billions of pounds of UK infrastructure investment at risk, writes property developer Richard Carr.
According to the PM, leaving the EU would result in Britain terminating its membership with the European Investment Bank therefore “putting the brakes” on crucial UK infrastructure projects.
Over the past three years the bank has invested over £16bn in UK projects.
Cameron said: “Vital projects across every region of the UK have been financed by the EIB.
“Not only would leaving the EU see us wave goodbye to this crucial funding – but, with a smaller economy hit by new trading barriers and job losses, it’s unlikely we’d be able to find that money from alternative sources.
Although there has been plenty of positives coming out of the industry over the past months in relation to increase planning applications and new funds to help social housing, the country’s housing shortage remains one of its major problems.
As a result of the increasing uncertainty around the decision that will be made following the referendum, residential investment transactions in the residential sector have slowed and limited house buying transactions across the house price spectrum.
However, there’s no need to panic, yet.
“This is not unexpected as there’s usually a slowing of residential transactions before any national poll. After an election vote we typically see the residential sector recover and bounce back as stability and confidence returns,” the report says.
“Should the UK opt for a Brexit, we could assume that uncertainty could linger while the UK Government negotiates new trade deals and relationships with the EU and third countries,” it adds.