{"id":145024,"date":"2019-04-04T09:30:48","date_gmt":"2019-04-04T13:30:48","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=145024"},"modified":"2019-04-04T06:47:18","modified_gmt":"2019-04-04T10:47:18","slug":"brexit-business-will-welcome-cross-party-leadership-but-not-an-election","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/brexit-business-will-welcome-cross-party-leadership-but-not-an-election\/","title":{"rendered":"Brexit: Business will welcome cross-party leadership, but not an election"},"content":{"rendered":"
April 4, 2019<\/div>
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By George Prior<\/strong><\/p>\n

UK\u00a0and global business will welcome Britain\u2019s political leaders finally beginning to show leadership, affirms the CEO of one of the world\u2019s largest independent financial advisory organizations.<\/p>\n

Nigel Green, chief executive and founder of deVere Group, is speaking after Prime Minister Theresa May had \u201cconstructive\u201d talks with opposition leader Jeremy Corbyn on Wednesday afternoon to end the deadlock over Brexit.\u00a0 \u00a0Further discussions between the two sides will take place over the coming days.<\/p>\n

A spokesman for No 10 said both sides were \u201cshowing flexibility.\u201d<\/p>\n

The observation also comes as the House of Commons voted in favour of legislation which forces the UK government to request another extension to the Brexit process.<\/p>\n

Mr Green comments: \u201cFinally it appears that some cross-party leadership is being shown in an effort to end the impasse.\u00a0 This must be and will be championed by businesses in the UK and those around the world that trade with Britain.<\/p>

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\u201cIt is a national disgrace that nine days to go until the fifth largest economy in the world is supposed to be leaving the world\u2019s largest trading bloc and no-one still knows what\u2019s going to happen.<\/p>\n

\u201cIt must now be hoped that a consensus can be found, giving the roadmap more clarity for business.\u201d<\/p>\n

He continues: \u201cShould this happen, the pound and UK assets can be expected to rally.<\/p>\n

\u201cThe UK economy will benefit from a likely boost as household spending and investment that had been on the sidelines is unleashed.\u201d<\/p>\n

\u201cWhilst this is not the Brexit some people want, it is now essential to foster unity and build back momentum in the economy to ensure long-term, sustainable economic growth.\u201d<\/p>\n

Mr Green goes on to add: \u201cHowever, simultaneously, there are genuine concerns in business that Mrs May has also increased the possibility of a general election by proposing a cross-party Brexit deal, and this would have a negative impact on the pound and UK assets.\u201d<\/p>\n

The deVere CEO concludes: \u201cAll the continuing uncertainty makes it essential for those who are serious about safeguarding, creating and growing their wealth to ensure that their portfolios are properly diversified.\u00a0 Diversification is the investor\u2019s best weapon to mitigate risk and capitalise on the opportunities as they arise.\u201d<\/p>\n

About:<\/em><\/strong><\/p>\n

deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/p>\n","protected":false},"excerpt":{"rendered":"

By George Prior UK\u00a0and global business will welcome Britain\u2019s political leaders finally beginning to show leadership, affirms the CEO of one of the world\u2019s largest independent financial advisory organizations. Nigel Green, chief executive and founder of deVere Group, is speaking after Prime Minister Theresa May had \u201cconstructive\u201d talks with opposition leader Jeremy Corbyn on Wednesday […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-145024","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=145024"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145024\/revisions"}],"predecessor-version":[{"id":145025,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145024\/revisions\/145025"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=145024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=145024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=145024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}