Friday 29 July 2022

Redwood mocked predictions of traffic jams at Port of Dover

 

John Redwood MP

John Redwood was an advocate for the hardest of Brexits but in November 2017, some seventeen months after the E.U referendum, he urged investors to get their money out of Britain because of the state of the British economy. 

This was published in the Financial Times on 3 November 2017, but received greater prominence after a scathing comment by Forbes commentator, Francis Coppola, who wrote: 

"To protect his job, as an investment manager, he (Redwood), warned his wealthy clients to get their money out before disaster hits. To me, this smacks of disaster capitalism. Engineer a crash while ensuring your own interests are protected, then clean up when it hits. This is despicable behaviour by a lawmaker." 

Redwood, the Conservative MP, for Wokingham, had a £180,000 second job as chief global strategist for Charles Stanley. The video below, shows Redwood mocking predictions of traffic jams and queues at the Port of Dover, in 2017.

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