Warren Buffett ready to back Britain

Billionaire Investor Warren Buffett (88) said he is “ready to buy something in the UK tomorrow, We welcome the chance to put money out any place where we think we understand and sort of trust the system”, endorsing Britain ahead of Brexit.

Berkshire Hathaway the conglomerate of Buffett has already a stake in supermarket Tesco and ownership of Northern Powergrid, a power provider In Northern England. Although in the past Mr Buffett has called his investment in Tesco a “ huge mistake” after shares in the supermarket chain lost 60 per cent of their value between 2008 and 2015. One of his recent attempt to invest in Britain fell apart two years ago when Kraft Heinz, the US food group, that counts Mr Buffett as its biggest shareholder, abandoned a hostile $143bn bid to buy rival Anglo-Dutch Unilever.