{"id":155083,"date":"2019-09-09T09:30:26","date_gmt":"2019-09-09T13:30:26","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=155083"},"modified":"2019-09-09T08:19:45","modified_gmt":"2019-09-09T12:19:45","slug":"johnson-must-drop-ego-for-the-sake-of-uk-economic-growth","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/09\/johnson-must-drop-ego-for-the-sake-of-uk-economic-growth\/","title":{"rendered":"Johnson must drop ego for the sake of UK economic growth"},"content":{"rendered":"
September 9, 2019<\/div>
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By George Prior<\/strong><\/p>\n

Boris Johnson must put his ego aside to break the Brexit deadlock for the sake of Britain\u2019s long-term sustainable economic growth, blasts the boss of the world\u2019s largest independent financial advisory organization.<\/p>\n

Nigel Green, founder and chief executive of deVere Group, is speaking out as the UK Prime Minister is in Dublin on Monday to meet Irish leader Leo Varadkar to find some common ground on the Irish backstop issue, which has been the primary sticking point in the Brexit withdrawal agreement.<\/p>\n

Mr Green says: \u201cLawmakers will vote today on an early election, but it\u2019s highly unlikely to pass.<\/p>\n

\u201cAs such, it now looks likely Johnson will go ahead and suspend parliament, meaning there will be a Queen\u2019s speech on 14 October, which sets out the government\u2019s domestic intentions.<\/p>\n

\u201cWith no-deal now, in effect, impossible without a monumental constitutional crisis, the only way for famously ambitious Johnson to get through the quagmire is to secure a deal that can get parliament\u2019s approval.<\/p>

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\u201cThe numbers are there as the vast majority of Conservative rebels would vote for a deal as would opposition\u00a0Labour lawmakers who want to see Brexit over the line.\u201d<\/p>\n

He continues: \u201cJohnson needs to stop wasting time, stop his bully boy tactics, and start with real diplomacy to get negotiations reopened.<\/p>\n

\u201cDespite, in effect, losing one card, the Prime Minister\u00a0still has a ‘strong hand’ in fact it could be getting stronger – not due to his strategy, but because Germany is on the brink of recession and they are Europe’s powerhouse economy. The last thing they need is a no-deal and be unable to trade effectively as they do now with the UK, especially as the wider EU and global economies are slowing.\u201d<\/p>\n

The deVere CEO goes on to say: \u201cBrexit cost the UK economy a staggering \u00a366bn in under three years, according to S&P Global Ratings. This figure will have grown considerably since then due to the intensifying chaos and uncertainty.<\/p>\n

\u201cThe haemorrhaging of investment, confidence, opportunity and money must stop.<\/p>\n

\u201cIt is critical that Boris Johnson now puts his ego aside – and his ridiculous \u2018I\u2019d rather be dead in a ditch\u2019 comments – to break the Brexit deadlock for the sake of Britain\u2019s long-term sustainable economic growth.<\/p>\n

\u201cHis trip to Dublin on Monday is a golden opportunity to make some headway on the Brexit saga. He must seize it.\u201d<\/p>\n

Mr Green concludes: \u201cBrexit has almost entirely overtaken the public sphere in Britain. There is much to be done to regain the confidence on which economies survive and thrive.<\/p>\n

\u201cBoris Johnson must stop wasting more time and get on with seeking a deal that gets through parliament. A failure to do so will hamper the UK\u2019s long-term sustainable economic growth.\u201d<\/p>\n

About:<\/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

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

By George Prior Boris Johnson must put his ego aside to break the Brexit deadlock for the sake of Britain\u2019s long-term sustainable economic growth, blasts the boss of the world\u2019s largest independent financial advisory organization. Nigel Green, founder and chief executive of deVere Group, is speaking out as the UK Prime Minister is in Dublin […]<\/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-155083","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/155083","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=155083"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/155083\/revisions"}],"predecessor-version":[{"id":155084,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/155083\/revisions\/155084"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=155083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=155083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=155083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}