The Johnson conjunction: Boris’s Brexit drives the pound down so businessman brother Max can clean up
Cashing in: Max Johnson, brother of Boris.
The plausible deniability of this is breathtaking.
Here in the UK, Boris Johnson has been pushing the threat of “no deal” Brexit hard, forcing the value of the pound to plunge.
In Hong Kong, his brother Max is planning a hotel investment fund targeting rich Asian individuals and pension funds who he expects to be attracted by the weakness of the pound.
Yeah, I know – coincidence.
Plausible deniability.
https://twitter.com/SocialistChris/status/1163477920574255104
Boris Johnson’s “do-or-die” strategy to take Britain out of the European Union could work, said his youngest half-brother Max, who plans to launch a £1 billion (US$1.2 billion) real estate fund targeting Asian investors.
Johnson, 34, is in advanced talks to co-found a hotel investment fund targeting Asian high net worth individuals and pension funds. He expects the sterling, which has weakened 6.2 per cent against the US dollar in the past six months, to be a big draw for foreign investors. It has fallen 11.7 per cent since the referendum in June 2016.
According to the article (link below), Max Johnson said he could see himself going into politics like his brothers Boris and Jo – but there were “enough Johnsons in politics” at the moment.
Considering what a “johnson” is in American euphemistic slang, I couldn’t agree more.
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And the rest of us are faced with living on 70 quid a week dole or the prospect of working infinitely for peanuts until we drop dead. Innit marvellous?