No-deal Brexit: Short Positions against the Pound Debate

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Department: HM Treasury

Cat Smith

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No-deal Brexit: Short Positions against the Pound

Cat Smith Excerpts

Wrightbus (Ballymena)
Monday 30th September 2019

(4 years, 7 months ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

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Simon Clarke Portrait Mr Clarke
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What I would say to the hon. Gentleman is, “Watch this space.”

Cat Smith Portrait Cat Smith (Lancaster and Fleetwood) (Lab)
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In response to an earlier question the Minister said he is more of a historian than an economist, so he might remember that hedge funds were also reported to have taken short positions against the pound during the 2016 referendum. Is he satisfied that the regulation of short selling and hedge funds is adequate?

Simon Clarke Portrait Mr Clarke
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As I said in my opening statement, the Treasury keeps these issues under review and is always working to ensure that we regulate this area in a way that is appropriate and proportionate.

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