Britain's Prime Minister David Cameron tours the assembly plant for the Mini range of cars with Labour MP Harriet Harman in Cowley, near Oxford June 20, 2016. REUTERS/Leon Neal/Pool
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Chief executives from Tokyo to Denver Friday prepared for long-term disruption, job cuts and lower profits after Britain's vote to leave the EU raised widespread fears over economic growth and sent share prices spinning.Those who campaigned for Britain to leave had said a weaker pound could help U.K. exports, but it will also reduce the value of foreign companies' U.K. earnings and raise questions about access to the EU market.Jaguar Land Rover, Britain's biggest carmaker, has estimated its annual profit could shrink by 1 billion pounds ($1.4 billion) by 2020 if Britain returns to World Trade Organization rules for trade with Europe.The German appliances maker plans to invest 25 million euros in Britain this year.Government figures show 12.6 percent of Britain's economic output is linked to exports to the EU's 27 other members, for whom only 3.1 percent of output is linked to exports to Britain. And 80 percent of British businesses trading overseas do so with the EU.
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