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| Stuart Rose: anger at politicians and mistrust of big business drove leave vote | Stuart Rose: anger at politicians and mistrust of big business drove leave vote |
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| Stuart Rose, the former M&S boss installed as chairman of the Britain Stronger in Europe remain campaign, has blamed the leave victory on voters’ anger with distant politicians and a loss of trust in big business. | Stuart Rose, the former M&S boss installed as chairman of the Britain Stronger in Europe remain campaign, has blamed the leave victory on voters’ anger with distant politicians and a loss of trust in big business. |
| “I’m not a politician and this was always going to be a battle won or lost by politicians, and a reflection of the bigger things going on the world,” said Lord Rose. “People are clearly unhappy with the current state of affairs. They want to be listened to and want change – that’s a political issue.” | “I’m not a politician and this was always going to be a battle won or lost by politicians, and a reflection of the bigger things going on the world,” said Lord Rose. “People are clearly unhappy with the current state of affairs. They want to be listened to and want change – that’s a political issue.” |
| Asked if the country’s captains of industry could have done more to convince voters to back the status quo, he pointed to disaffection between the “man in the street and big business”. | Asked if the country’s captains of industry could have done more to convince voters to back the status quo, he pointed to disaffection between the “man in the street and big business”. |
| Related: Wall Street joins global market sell-off as Brexit recession looms - live | Related: Wall Street joins global market sell-off as Brexit recession looms - live |
| “There has been a loss of trust and we need to think about how to rebuild that,” Rose said. “It has happened over time, since the last recession, whether it’s the banks or the crisis in the eurozone or a business being run in a way people don’t like. | |
| “All these things leave a bad taste in the mouth and cumulatively that taste can get quite bitter. This is a big issue about our country, our people, how they feel and what they think.” | “All these things leave a bad taste in the mouth and cumulatively that taste can get quite bitter. This is a big issue about our country, our people, how they feel and what they think.” |
| After playing a key role at the start of the campaign Rose was sidelined in March after he told a select committee wages would go up if Britain left the EU. His remarks were used as ammunition by the leave campaign, although he maintains he was misquoted. Rose served out the final months of campaigning in a behind-the-scenes role. “It reminded me that politicians do politics and businessmen do business and sometimes they speak in different ways,” he said of the experience. | After playing a key role at the start of the campaign Rose was sidelined in March after he told a select committee wages would go up if Britain left the EU. His remarks were used as ammunition by the leave campaign, although he maintains he was misquoted. Rose served out the final months of campaigning in a behind-the-scenes role. “It reminded me that politicians do politics and businessmen do business and sometimes they speak in different ways,” he said of the experience. |
| Asked whether mistakes were made in the remain campaign’s approach, Rose said: “Our message was not as strong as other messages. It’s time to put cold towels on our heads and reflect over the coming days, weeks and months. It [the vote] is a clear message that all is not right in the world from a UK perspective.” | Asked whether mistakes were made in the remain campaign’s approach, Rose said: “Our message was not as strong as other messages. It’s time to put cold towels on our heads and reflect over the coming days, weeks and months. It [the vote] is a clear message that all is not right in the world from a UK perspective.” |
| The important thing now was to ensure that Britain’s divorce process with the EU was well managed so as to limit damage to the UK economy, Rose said. “I am now interested in making sure we make the best of the future voters have decided on – there will be a lot of work, managing a lot of uncertainty.” | The important thing now was to ensure that Britain’s divorce process with the EU was well managed so as to limit damage to the UK economy, Rose said. “I am now interested in making sure we make the best of the future voters have decided on – there will be a lot of work, managing a lot of uncertainty.” |
| Rose has predicted that leaving the EU would result in a downturn. “I do think there will be a downside,” he said. “In very simplistic terms if the pound drops and stays down then prices will go up, you don’t need to be a genius to work that out, and if prices go up then the cost of living goes up.” | Rose has predicted that leaving the EU would result in a downturn. “I do think there will be a downside,” he said. “In very simplistic terms if the pound drops and stays down then prices will go up, you don’t need to be a genius to work that out, and if prices go up then the cost of living goes up.” |