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Brexiter MP gives advice to pull money out of UK

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    Brexiter MP gives advice to pull money out of UK

    Labour has criticised the arch-Eurosceptic MP John Redwood for “talking down Britain” after he recently wrote a column of financial advice in which he recommended investors “look further afield” because of the state of the UK economy.

    In the piece for the Financial Times, the Conservative MP – who has a £180,000 second job as chief global strategist for Charles Stanley – said the European Central Bank was promoting faster growth when the UK was seeing a squeeze on credit.

    “Mario Draghi, ECB president, is now doing whatever it takes, not just to rescue the euro but to promote a much-needed economic recovery,” he wrote. He also compared the US and Japan’s approach favourably to the UK’s.

    The piece was published on 3 November but came to greater prominence after a scathing comment piece was published over the weekend by a Forbes commentator, Frances Coppola, who wrote that the MP had “advocated a course of action by the UK government that he knows would seriously damage the UK economy”.

    Source: https://www.theguardian.com/politics...g-britain-down


    #2
    Whilst Brexit might be bad for the UK economy as a whole it will be good for the investment firm he works for.

    I'm alright Jack

    Comment


      #3
      Originally posted by BlasterBates View Post
      Whilst Brexit might be bad for the UK economy as a whole it will be good for the investment firm he works for.

      "who has a £180,000 second job as chief global strategist for Charles Stanley"

      He who pays the piper ...

      Comment

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