Theresa May told Goldman About Job Losses Ahead of Brexit

Theresa May told bankers before the referendum that firms would leave the UK if the country voted for Brexit, a previously unheard recording has revealed.

A month before the EU referendum, the then-home secretary told an audience that leaving the single market would threaten jobs.

Speaking to investment bankers at Goldman Sachs, she said that global companies would think twice about investing in the UK if we left.

The comments, revealed in the Guardian, are stronger than her more nuanced public position during the referendum campaign.

Although she was a Remain supporter, No 10 was worried about her lukewarm support for EU membership.

Downing Street sought to play down the remarks today, insisting Mrs May had said during the campaign that there were ‘opportunities and risks’ to leaving the EU.

‘The Prime Minister is focused now on making sure it is the opportunities that we seize,’ Mrs May’s spokeswoman said. 

via DailyMail

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza