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Brexit: 'I welcome the falling pound'

As the pounds loses value after the UK voted to leave the European Union, economist Roger Bootle from Capital Economics welcomes the news and tells us why he has wanted it for so long. He adds that it is "positively lunatic" if the UK's Chancellor introduces a post-Brexit emergency budget, after saying that the UK would be hit with higher taxes after a Brexit. Roger Bootle concludes that it would be "bonkers" if banks and companies begin to cut ties with the UK, especially before individual trade agreements are agreed with the remaining 27 EU countries - since, he says, the new trade agreements may not be much different to current ones. Former finance minister of Finland, Alexander Stubb, also warns against "retaliation" from Eurosceptic voters. (Image: Euro and Pound coins. Credit: Getty Images)

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10 minutes