Re: Brexit
My bro-in-law’s (future) pension (one of a few) is with Pfizer (he spent 12 years there as a Research Director and Research VP), and he is very happy with their consistently good profits, as they feed into his pension.
Your point doesn’t diminish the fact that the profit margins in Pharma are consistently higher than most businesses, even considering the R&D (which reduces tax) and pension contributions (which reduces tax).
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