Deloitte boss tells Rio 2016 Olympics audience not to become 'paralysed' by Brexit

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The boss of Deloitte has urged an audience of business chiefs in Rio not to become “paralysed” by the risks of Brexit and declared the UK “open for business”. 

David Sproul said despite uncertainty caused by the UK’s decision to leave the EU, businesses should focus on the long term and continue to invest.

He was speaking at British House, which is Team GB’s base for the Olympic Games, in the shadow of the Christ the Redeemer statue. The Brazilian games officially start tonight. 

Sproul said: “Our role, as business leaders, is to manage and navigate risk, and to keep our eyes fixed on the future. Many of the decisions we make come to fruition over years, not months.”

He said warnings over the economy had fallen flat.

“Business leaders need to recognise that for whatever reason, their voices did not resonate with voters during the referendum,” he said. 

Deloitte’s survey of finance chiefs found business confidence at levels not seen since the Lehman Brothers collapse.

He added: “This is not 2008… banks are well capitalised and businesses are not waiting for the next shock to emerge.”

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August 5, 2016 |
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