required field
- 03 Feb 2016 10:00
Thought I'd start a new thread as this is going to be a major talking point this year...have not made up my mind yet...(unlike bucksfizz)....but thinking of voting for an exit as Europe is not doing Britain any good at all it seems....
cynic
- 11 Jan 2019 16:49
- 11427 of 12628
keep the red flag flying eh fred
but beware, for you too will be labelled as a recidivist kulak or worse, and you know what happened to them
Fred1new
- 11 Jan 2019 17:54
- 11428 of 12628
For your pleasure.
Exclusive: Leading Brexit donors say Britain will reverse decision to leave EU
Andrew MacAskill, Ben Martin, Maiya Keidan
5 MIN READ
LONDON (Reuters) - Two of the biggest donors to the Brexit campaign say they now believe the project they championed will eventually be abandoned by the government and the United Kingdom will stay in the European Union.
FILE PHOTO - Anti-Brexit protestor Steve Bray (L) remonstrates with a pro-Brexit protestor outside of the Houses of Parliament, in London, Britain, December 10, 2018. REUTERS/Toby Melville
Peter Hargreaves, the billionaire who was the second biggest donor to the 2016 leave campaign, and veteran hedge fund manager Crispin Odey told Reuters they expect Britain to stay in the EU despite their campaign victory in the 2016 referendum.
As a result, Odey, who runs hedge fund Odey Asset Management, said he is now positioning for the pound to strengthen after his flagship fund previously reaped the benefit of betting against UK assets amid wider market fears about the impact of Brexit.
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The donors’ pessimism comes amid deadlock in Britain’s parliament over the exit deal that Prime Minister Theresa May has struck with the EU, which has cast significant uncertainty over how, or even if, Brexit will happen.
Hargreaves, who amassed his fortune from co-founding fund supermarket Hargreaves Lansdown (HRGV.L), said the political establishment were determined to scuttle Brexit and this would lead to a generation of distrust of Britain’s political classes.
The government, he said, is likely to first ask for an extension to the formal exit process from the EU and then call for a second referendum.
“I have totally given up. I am totally in despair, I don’t think Brexit will happen at all,” said Hargreaves, 72, who is one of Britain’s wealthiest men and donated 3.2 million pounds ($4 million) to the leave campaign. “They (pro-Europeans) are banking on the fact that people are so fed up with it that they will just say ‘sod it we will stay’. I do see that attitude. The problem is when something doesn’t happen for so long you feel less angry about it.”
Turning Brexit upside down would mark one of the most extraordinary reversals in modern British history and the hurdles to another referendum remain high. Both major political parties are committed to leaving the EU in accordance with the 2016 referendum.
But Odey, who donated more than 870,000 pounds to pro-leave groups, said while he did not believe a second referendum would take place, he did not think Brexit would happen either.
“My view is that it ain’t going to happen,” Odey said. “I just can’t see how it happens with that configuration of parliament.”
Britain’s parliament is viewed as largely pro-European because about three-quarters of members of parliament voted to stay in the EU in the 2016 referendum.
Odey said he had changed his position on sterling over the last month and that the pound “looks like it could be quite strong” and rise to $1.32 or $1.35 against the dollar, from around $1.27 currently.
LEADERSHIP VACUUM
Both Odey and Hargreaves said one reason for their pessimism was a lack of direction from Brexiteers.
Peter Hargreaves, the co-founder of stockbroker Hargreaves Lansdown, poses at his home near Bristol, Britain, May 19, 2016. REUTERS/Andrew MacAskill
“The unfortunate thing is that almost nobody is leading the Brexit charge, so it’s leaderless, which is the problem,” Odey said.
He said he would be willing to donate to the leave cause in the event of another referendum, while Hargreaves said he was undecided.
Other prominent Brexit supporters who bankrolled the campaign were more optimistic about the project’s fate.
Paul Marshall, chairman of the hedge fund firm Marshall Wace, which runs $39 billion in assets, told Reuters that abandoning Brexit would be wrong and highly damaging.
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“Despite the antics in parliament, the prospect of the 2016 referendum being overturned is in my view very small,” said Marshall, who gave 100,000 pounds to the leave campaign prior to the vote.
Marshall predicted the most likely outcome is that Britain will leave the EU without a deal in March, or the government will secure a revised Brexit deal, solving the thorny issue of the Northern Irish backstop, which may involve Brexit being briefly delayed.
Another vocal Brexiteer Tim Martin, the chairman of British pub chain JD Wetherspoon, who donated 212,000 pounds to the 2016 campaign, said he was refusing to contemplate a second vote.
He is touring his pubs giving talks to customers about the merits of leaving the EU without a deal and aims to have visited 100 of his sites by the end of January.
A second referendum would be “a nightmare,” Martin said.
“It’s like saying: ‘Do you think we should have another world war?’ or ‘What do you think about being struck by lightning?’” he said.
Reporting By Andrew MacAskill, Ben Martin, Maiya Keidan; Editing by Guy Faulconbridge and Janet Lawrence
Our Standards:The Thomson Reuters Trust Principles.
cynic
- 11 Jan 2019 19:53
- 11429 of 12628
that may or may not be so, but unlike you, i am content to live by whatever result emerges, whether i am happy with it or not
personally, i think parliament a a whole has behaved disgracefully
as for dominic grieve who happens to be my MP, both beloved and myself have strong doubts that we will vote for him come the next election whenever that may be ...... he was elected to serve his constituents ..... his constituents voted strongly to leave ..... grieve has totally ignored them and pursued his own agenda
Fred1new
- 11 Jan 2019 21:50
- 11430 of 12628
Some of his constituents voted to leave, some to remain.
I think he should be cut himself proportionally in two and then put his weight where he thinks it will be appropriate.
Mind his conscience and his respect for the future of his "country" as a whole may direct him to vote differently from you.
Perhaps, he believes he may be the only sane person in the asylum (sorry constituency) and should place his key or vote where he thinks it to be appropriate.
But I doubt he will miss your vote.
I don't think that he sees himself as your hired servant.
Stan
- 11 Jan 2019 21:50
- 11431 of 12628
Alf votes Labour shock in tomorrows nationals!..you heard it here first.
Dil
- 11 Jan 2019 22:23
- 11432 of 12628
Fred being stupid again.
A bit like saying have two thirds of him as MP and the other third made up of the other candidates.
Grieve has been a disgrace and should be kicked out of the Conservative party.
Stan
- 11 Jan 2019 22:27
- 11433 of 12628
Dominic Grieve as next leader of the Con-artists I say!
Joe Say
- 12 Jan 2019 09:08
- 11434 of 12628
Cynic - I too am in Grieves constituency
I voted for the **** last time round following a personal visit in which he promised he would work to see Brexit delivered. He clearly lied
And I presume you can guess the likelihood of me voting for him again
Stan
- 12 Jan 2019 09:48
- 11435 of 12628
Well done Dom, what a star he's turning out to be 👍🏼
Fred1new
- 12 Jan 2019 09:49
- 11436 of 12628
I understand, some Brexiters have changed their mind of who they wish to vote.
That is democracy!
Cerise Noire Girl
- 12 Jan 2019 10:10
- 11437 of 12628
Cyners,
If you and Joe Say don't vote for Grieve in the next election, who will you vote for? Or will you exercise your democratic right not to vote at all?
Cue Fred (enters stage left).
:o)
cynic
- 12 Jan 2019 13:58
- 11438 of 12628
i don't know ...... i feel there is at least a moral obligation to vote, so the thought of abstaining goes very much against the grain ...... i'll have to see who else is on the ticket and what they purport to offer
Fred1new
- 12 Jan 2019 16:14
- 11439 of 12628
But you made a decision to vote tory last time, it would be immoral of you to change your mind.
Tut. Tut.
You will be asking if you can change your mind about "Brexit". Typical little englander behaviour.
Mind you from what I see the tories are so fragmented that they will sell their souls for a bag of chips.
Fred1new
- 12 Jan 2019 16:22
- 11440 of 12628
Manuel.
I see a fellow representative member of your riff-raff party has been arrested today.
So be careful where you put your billboards up.
Stan
- 12 Jan 2019 17:51
- 11441 of 12628
Not another one, who is it now?
Fred1new
- 12 Jan 2019 18:32
- 11442 of 12628
I know who it should be.
Fred1new
- 13 Jan 2019 09:05
- 11443 of 12628
For, It and Dil.
Tic Toc.
Cerise Noire Girl
- 13 Jan 2019 09:36
- 11444 of 12628
Cyners,
I've only ever voted Conservative, but I won't be voting for them next time round. Similarly, I have both leave and remain friends who have only ever voted Conservative, and they all say the same as me.
So, who the f**k is gonna vote for them?
I really hope they split themselves up over the mess they've created - it'll be their own fault. It's time for a new centrist party to be formed, with Blair and Cameron's ethos, but without their baggage imo. The right wing extremists can form their own Monster Raving Gammon Party.
Fred1new
- 13 Jan 2019 10:58
- 11445 of 12628
Would prefer to see a coalition government to be elected for a 5year period to attempt to clear up the mess which has been created.
That would mean the postponement of Section 50 review of relationship with the EU and move to well defined proposals in a NEW REFERENDUM.
Also, during that period there should be "crossbench" examination of the goals of government the possible aims for the "welfare states" and its responsibilities.
Also, examination of the necessary "infrastructures" of the UK and the costs and "financings" of such.
Ie. a period of standing back, reflection and LONG TERM future planning.
(Probably wishful thinking.)
-=-==-
By the way, tend to agree with JC on A Marr's program.
(Possibly too sensible and hopeful.)
-=-=-=
Also, that the Neo-cons in the tory party are exposed and sectioned off from the "tory centralists or moderates into their own party.
(Cyners, would then have a party he could vote for to represent him.)
cynic
- 13 Jan 2019 15:42
- 11446 of 12628
CNG - i have no problem at all with TM, and indeed the opposite, but on a personal level, i think dominic grieve has behaved disgracefully