Brexit business fears overblown, says Merlin chief

Operator of Legoland, London Eye and Madame Tussauds says weaker pound is good for UK tourism and concerns over leave EU vote are misplaced

Warnings by business leaders about the damaging consequences of a vote to leave the EU are overblown and the debate would be improved if bosses stayed out of the fray, the chief executive of Merlin Entertainments has said.

Nick Varney said anguish over the falling value of the pound as the referendum approached was misplaced and that a lower rate of sterling against the euro was good for the economy.