Tied to the EU by the backstop indefinitely, we could not ever trigger article 50 ever again and a huge divorce bill........
Current Affairs EU In or Out
- Thread starter micknick
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Cameron's leaflet.......the verdict will be carried out.....
Carl O'Ancelotti
Player Valuation: £20m
Who are these remainders ? Anyone who still hasn't left the UK after the lights have been turned out post-Brexit ?
summerisle
The rain, it raineth every day
Yes, Brexiteers are altruism personified :
Boris Johnson’s donor Crispin Odey eyes Brexit jackpot with £300m bet against British firms
Boris Johnson’s pro-Brexit backer Crispin Odey has made a £300m bet against British businesses and stands to make huge profits from the woes of the UK economy.The firm owned by the multimillionaire hedge fund tycoon, who made millions betting against the pound after the 2016 referendum, has taken ou
www.thetimes.co.uk
tuesday october 8 2019
Boris Johnson’s donor Crispin Odey eyes Brexit jackpot with £300m bet against British firms
Caroline Wheeler and Rosamund Urwin
August 4 2019, 12:01am, The Sunday Times
Crispin Odey, pictured with his wife, Nichola Pease, gave £10,000 to Johnson in June
Boris Johnson’s pro-Brexit backer Crispin Odey has made a £300m bet against British businesses and stands to make huge profits from the woes of the UK economy.
The firm owned by the multimillionaire hedge fund tycoon, who made millions betting against the pound after the 2016 referendum, has taken out £299m in “short” positions on some of Britain’s biggest firms.
His apparent lack of confidence in flagship British groups, including Royal Mail and the shopping centre owner Intu, implies that he expects their share prices to fall as the pound continues to tumble.
According to fresh data obtained by IHS Markit and Short Tracker, Odey Asset Management has “short” positions on 16 UK listed firms — and has increased its “short” position on six of them since Theresa May announced her resignation in May. On the day Johnson was elected leader of the Tory party, Odey’s firm increased its “short” position in the high street lender Metro Bank. It currently has a £17.6m bet against the company.
Marshall Wace, co-founded by Sir Paul Marshall, who gave £100,000 to the Vote Leave campaign, has also made bets against UK firms. The firm has taken “short” positions on 47 companies worth £1.14bn, including the outsourcing giant Kier Group, the budget airline easyJet and Severn Trent.
Marshall Wace announced plans in December to move some of its operations to Dublin to ensure it can serve EU clients after Brexit, and is ultimately owned by an entity based in the Cayman Islands.
The Labour MP Ian Murray, a supporter of the People’s Vote campaign, said: “His [Boris Johnson’s] funders don’t care about the devastation their . . . gambles might cause. A vicious Brexit, which they want, would devastate our high streets but they’d be quids in, even if thousands lost their jobs.
"It’s a disgrace to democracy that Johnson is happy to take money from a man who is betting against the country and who stands to make a mint if he forces no deal on us. It might not be illegal, but it stinks.”
However, Odey is also backing shares in some UK firms to rise, including the supermarket chain Tesco.
Odey, who gave £10,000 to Johnson in June, made £220m betting that a leave result would cause the pound to crash, boasting the following day that “the morning has gold in its mouth”.
The hedge fund boss has previously given more than £800,000 to pro-Brexit campaigns, as well as £32,000 to Ukip under Nigel Farage’s leadership. It makes him the second former Ukip backer to support Johnson after the Mayfair club owner Robin Birley, who donated £20,000 to his leadership campaign. Details of the donation were revealed in the register of MPs’ interests.
Odey was not available for comment.
Meet the gold-plated ‘Posh and Becks’ of the city
Crispin Odey and his wife, fellow fund manager Nichola Pease, have been dubbed the “Posh and Becks” of the City — a nickname that he is rumoured to hate.
Educated at Harrow and Christ Church, Oxford, Odey founded his eponymous asset management firm in 1991.
The Brexit supporter has taken controversial positions, including betting that the pound would fall after a vote to leave the EU. The couple are worth £775m, according to The Sunday Times Rich List. They split their time between Chelsea and their Gloucestershire mansion, Eastbach Court.
Odey, 60, who is friends with Jacob Rees-Mogg, once spent £150,000 on a stone hen house, dubbed “Cluckingham Palace”, to house prize poultry.
Emlynsqueakyvoice
Player Valuation: £6m
So, explain how Johnson solved the problem of the backstop. For your information, introducing two borders in Ireland doesn't count. Neither does giving an Assembly that hasn't sat for 1000 days a veto every four years! Go on, give me some detail (we'll ignore the fact that you gave me an incomplete answer to my request). As no border is permitted in Ireland under the GFA (no further infrastructure to be erected), how do you intend to take back control of your borders from an immigration perspective?
NilSatisOptimum
Player Valuation: £70m
Oh I don't think so sunny jim, some of the biggest Austerity cuts are now being discussed and will be implemented by Local Authorities for next fiscal year as we type, Some are openly discussing these cuts with residents. The rump as always, Education and Adult social care. Brexit will have to fight for oxygen against some much bigger emotive subjects...
Low and behold EU offer an extension until the summer, austerity will be firmly reacquainted by the many.
EU may offer to extend deadline for Brexit deal to June
Leaders summit to consider ‘range of dates’ next week, with current talks all but dead
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We seem to consistently ranked 6/7th in the current figures.
Why is this something to be championed?
You don't lose an eye on a fight then say you won because you gave your opponent a bloody nose.
Hell?
People were told it would be a piece of piss. They didn't have the business consultant pedantry to go along with it either.
Out.....
Stopping illegal smuggling.....
So you admit you don't even know what you've voted for. It doesn't really surprise me judging on your posting history on here.
You don't know anything really do you haha
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