Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Johnson’s ego threatening Brexit

Boris-Johnson/Nigel-Green/Brexit/deVere-Group/

10 September 2019
| By Laura Dew |
image
image image
expand image

UK Prime Minister Boris Johnson “must put his ego aside” for the sake of Britain’s economic growth, according to deVere Group chief executive Nigel Green, as more MPs resign from the Conservative party over Brexit.

Following his Commons defeat last week, Johnson saw several MPs including Speaker John Bercow and former Home Secretary Amber Rudd resign.

However, Parliament was due to be suspended from today until 14 October, meaning no more debates could be held and Johnson was still hopeful he could force through a no-deal Brexit with the UK leaving the European Union on 31 October.

This week, Johnson met with Irish leader Leo Varadkar to try to reach a deal on the Irish backstop issue, one of the most problematic Brexit issues concerning the border between the Republic of Ireland and Northern Ireland. 

Green said: “It is critical that Boris Johnson now puts his ego aside to break the Brexit deadlock for the sake of Britain’s long-term sustainable economic growth.  

“Johnson needs to stop wasting time, stop his bully boy tactics, and start with real diplomacy to get negotiations reopened.

“[He] must get on with seeking a deal that gets through parliament. A failure to do so will hamper the UK’s long-term sustainable economic growth.”

He said Johnson also had the benefit of a weaker German economy in his favour as they would be reluctant for a no-deal to happen.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 week ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 month ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month 1 week ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week 3 days ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks 3 days ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

2 weeks 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND