11-15-2017, 11:42 PM
Labour has criticised the arch-Eurosceptic MP John Redwood for “talking down Britain” after he recently wrote a column of financial advice in which he recommended investors “look further afield” because of the state of the UK economy. In the piece for the Financial Times, the Conservative MP – who has a £180,000 second job as chief global strategist for Charles Stanley – said the European Central Bank was promoting faster growth when the UK was seeing a squeeze on credit. “Mario Draghi, ECB president, is now doing whatever it takes, not just to rescue the euro but to promote a much-needed economic recovery,” he wrote. He also compared the US and Japan’s approach favourably to the UK’s.
John Redwood criticised over advice to pull money out of UK | Politics | The Guardian
Brexit risks being “the moment we finally failed as a great nation”, Theresa May’s policy adviser has warned, in an extraordinary attack. George Freeman said he now feared the troubled exit process would create an impoverished country, like “an old people’s home that couldn’t pay for itself”. “That I see as a very real prospect and it chills me to the bone,” the Tory MP and chairman of the Conservative Policy Forum told a conference. READ MORE Tory revolt could force U-turn over putting Brexit date into law “It is an extreme choice but I think that is the choice we face as a country and the question whether we as a generation rise to it and grip it.” In a good scenario, EU withdrawal would “unleash a entrepreneurship revolution” in Britain, leading to the exploration of money-spinning new technologies. But, Mr Freeman said, Brexit could be “the moment we finally failed as a great nation and became a second or third tier nation”. The comments came in a speech delivered to an economics conference staged by the IPPR think tank. They come the day after business leaders gave the Prime Minister a two-week deadline to break the deadlock in the Brexit talks, allowing them to move on to discussing future trade.