The UK Prime Minister’s contentious plans to rewrite parts of the Brexit withdrawal agreement could result in a substantial exodus of wealth from Britain.
As the European Union demands the UK abandons plans to modify the Brexit deal by the end of September or be at risk of trade talks dissolving, an intense war of words has ensued.
As it stands, the EU now says no trade talks will happen, therefore with no chance of a deal, unless the UK stops its recently Read More
It was announced on Tuesday that Boris Johnson is the new resident of Number 10, taking over from Theresa May.
I believe Boris Johnson will be an impotent Prime Minister.
Mrs May was faced with a tough arithmetic in parliament, but her successor will have an even harder time.
Indeed, following numerous defections from serving MPs, and the likely loss of two seats in by-elections, the Tory party’s small majority may well collapse.
This, coupled with the fact that within Read More
Should Boris Johnson be the next UK Prime Minister, we can expect the pound to be driven down even further.
Johnson is the favourite to win the Tory leadership contest, securing the support of over 40 Conservative MPs, placing him streets ahead of his rivals.
As such, should he get to Number 10, the pound will be delivered another bloody nose.
Additional downward pressure will impact sterling in this case due to the increased probability of Boris Johnson taking Britain into Read More