UncleEbenezer wrote:A straw in the wind. It was reported a couple of weeks ago that Rees-Mogg's hedge fund has been closing bets against the UK economy. One might infer he's now at last looking for a way to support a damage-limitation deal, or will at least be willing to allow one.
When Soros made gazillions betting against the UK, he at least wasn't doing it from within Parliament and pulling the Prime Minister's strings.
Rees-Moog is big in the media, but seems to be loathed in Parliament with very little influence.
He is after all just a back bencher with as far as I know zero ministerial experience and although a millionaire based on his various investment schemes, none of which as far as I am aware are classed as hedge funds although they can likely do similar types of trade. Being richer than many other MP's will also not endear him to many who are poorer on either side of the house.
Also he was not so long ago talking about the fall in the UK markets as a likely buying opportunity.
Regards,