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Brexit has ruined European peace and democracy, Guy Hands warns

Veteran private equity boss says that leaving the UK for Guernsey was a 'big mistake'

'Ambitious individuals and employers will turn to other European cities,' Hands fears

Simon Dawson/Getty Images
By
Mark Latham

The veteran private equity boss Guy Hands has said that Brexit has not only damaged the UK’s financial services industries but shattered peace in Europe.

In a hard-hitting op-ed published on 6 March in Financial News' sister title Private Equity News, Hands says that “the UK’s position as Europe’s leading financial services hub is at risk and the balance of peace and democracy in Europe has been shattered. My view is that Brexit is largely to blame for both.”

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