British Prime Minister Theresa May has recently spent some time meeting with members of the powerful European Roundtable of Industrialists, at which the politician was warned of coming problems associated with “Brexit”. The U.K. voted in a referendum to leave the European Union and the free trade zone which has raised concerns among top executives over taxation and fees, according to the BBC.
Although Mrs. May tried to put a positive spin on the meeting stating it had been productive others in attendance revealed the industrial executives warned of a grim future for the U.K. Executives attending the meeting came from some of the top 50 companies in the EU including BMW, Nestle, and E.On Among the issues raised over the course of the meeting was a concern that a lack of security concerning the deal the U.K. hopes to achieve with Europe to secure its trade deals following its departure from Europe would lead to a lack of future investment.
There is a hope among top executives that a deal will be reached at some point before “Brexit” goes into effect which will allow the uninterrupted flow of goods in and out of Europe from the U.K. to continue. British-based companies are trying to push for a so-called “soft” border between Northern Ireland and the Irish Republic to allow the movement of goods and people to be simple and efficient following the political disentanglement.
George Soros is not a Trump fan. In fact, the hedge fund billionaire and philanthropist never liked Trump even though he invested in one of Trump’s hotels in Chicago. Trump went to the recent World Economic Forum in Davos, Switzerland to tell economists and world leaders that the United States is making the world great again. But many of the attendees thought Trump’s appearance was nothing but Hollywood hype. Soros knows how Trump operates, and he is spending millions of dollars to set up a Trump demise in 2020.
But Trump is not the only thorn in Soros wealthy fingers. The Brexit vote was a shocker for Soros. Mr. Soros is a staunch European Union critic, but he also knows the EU is Europe’s economic hope on the world stage. Soros wants the U.K. to stay in the EU, and he is putting his money where it counts. George is supporting the anti-Brexit movement in the U.K. That movement, The Best for Britain movement just got a $560,000 check from the Soros Open Society Foundation. George also had a party in his London home to gain support for nixing Brexit.
Soros and former UN Deputy Secretary-General, Lord Mark Malloch-Brown are planning a comprehensive ad campaign to push for another referendum vote that could reverse Brexit. Reversing Brexit is a Soros mission, but his main mission is to send Donald back to Trump Tower permanently. And he has the money and the power to do it, especially if his Democratic Party gets its act together.
The Brexit horror stories coming out of the U.K. are hard to ignore. Brexit is taking more time and costing more money than the Brits thought it would. The EU is standing firm and forcing the U.K. to do the right thing by tying up Brexit loose ends and committing to pay the EU a fat separation check. That should make EU leaders sleep a better. There’s no doubt. The EU needs the U.K. as a trading partner and as a money source, but getting to a finish line that both sides can cheer about is not going to happen. This first-ever break by a major power from the European Union and it’s not pretty.
To say the Brexit deal is a tangled web of political maneuvering and hurt egos is an understatement. The United Kingdom is trying to figure out how they can develop new trading partners while the country’s economy is taking a beating. Inflation is up to 3.0 percent, and the pound is down, except for a surge in January 2018. The rules behind the actual break with the European Union is still up in the air. It’s safe to say the British are cursing what Brexit is doing to the country, even though the majority of voters thought membership in the EU was a bad deal.
Time will shed light on the real Brexit story. Manufacturing in the U.K. is better than expected, but the Bank of England is still raising interest rates. The Brits want 2.0 percent consumer growth, but rising prices, slow wage gains, and Brexit are standing in the way.