EU exit not disastrous to UK investors: Lamont

Black Wednesday chancellor says turmoil fears following UK withdrawal overblown

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Lamont: financial fears exaggerated

Former UK chancellor of the exchequer Lord Lamont has said that the UK's exit from the European Union (EU) would not cause significant upheaval for the asset management industry.

Speaking at Incisive Media's annual Family Office Investment Summit on March 4 in London, the ex-chancellor disputed scare stories surrounding an EU exit, calling a withdrawal "problematic but not an overwhelming disaster that some commentators say it will be".

He said: "The argument is often put, stay in there, be const