Monday 13 November 2017

John Redwood sells out - tells investors "Don't invest in UK."

This is what Brexiteer John Redwood says in public:
'We'll be fine!' John Redwood issues fiery riposte to Brexit 'no-deal' doom-mongers
This is his private advice to anybody thinking of investing in the UK:
Redwood’s advice to investors is to flee the UK before the credit crunch bites:
I sold out of the general share ETFs in the UK after their great performance for the year from early July 2016 when I saw the last Budget and heard the BoE’s credit warnings. The money could be better put to work in places where the authorities are allowing credit to expand a bit, to permit faster growth.
Sounds sensible, doesn’t it?

No. It is an absolute disgrace for this man to give such advice.

You see, the Rt. Hon. John Redwood MP – to give him his full title – is a lawmaker. He is an elected member of the House of Commons. And not just any lawmaker. He is a senior member of the Conservative Party, which is currently in government and making a total hash of the Brexit negotiations. He is also a former Cabinet Minister and a member of the Privy Council.

This senior lawmaker is advising investors to stop investing in his country.
Frances Coppola

Words fail me.

Update - although words apparently don't fail John Redwood. He actually said this:
"'All they ever do is run the UK down' Tory SLAMS Labour attempts to release Brexit pappers [sic]"
What a piece of work.


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