No-deal Brexit: Short Positions against the Pound Debate

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Department: HM Treasury

Liz McInnes

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No-deal Brexit: Short Positions against the Pound

Liz McInnes Excerpts

Wrightbus (Ballymena)
Monday 30th September 2019

(4 years, 7 months ago)

Commons Chamber
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Simon Clarke Portrait Mr Clarke
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That is such an unworthy question that I do not intend to dignify it with an answer.

Liz McInnes Portrait Liz McInnes (Heywood and Middleton) (Lab)
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The Minister quotes Frances Coppola, but she also said:

“Many hedge-fund managers see Brexit…as an opportunity from which they obviously hope to profit, and they are positioning their portfolios accordingly”.

She fears that that creates “psychological pressure” on the Prime Minister

“to deliver what his backers want rather than what is in the best interests of the country”.

How can the Minister convince the people of the UK that the Prime Minister has the moral courage to resist that psychological pressure?

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