Brexit donors: Theresa May's agreement is worse than staying in the EU – Sky News


Three of the biggest donors in the Fare campaign told Sky News that they were dismayed by the progress of Brexit and that it would be better for Britain to remain in the European Union rather than join the Theresa May withdrawal agreement.

The trio, which offered over £ 5 million in donations to the Leave campaign, offered ferocious criticism of the political process and insisted that the Brexit was "hindered", "dispelled" or "obstructed".

  • Billionaire financier Peter Hargreaves said there would be "no Brexit" because politicians "are cowards".
  • The investment manager Jeremy Hosking, one of the main shareholders of the Crystal Palace football team, said that Mrs. May's deal would place the United Kingdom "in a straitjacket".
  • Stuart Wheeler, founder of the spreadbetting giant IG Index, said the UK was reduced to "begging submissives".

Hargreaves, who was behind the biggest personal donation to the Farewell campaign, told Sky News that he thinks Brexit will not happen because politicians are "completely out of control" with the will of the people.

Peter Hargreaves donated £ 3 million to the Leave campaign
Peter Hargreaves donated £ 3 million to the Leave campaign
Mr. Hosking donated £ 1.5m to the Leave campaign
Jeremy Hosking gave £ 1.5 million to the Leave campaign

The co-founder of Hargreaves Lansdown's financial colossus donated more than £ 3 million to the Leave campaign during the referendum.

But he said that MPs are now trying to hinder the path to the UK leaving the EU – and is ready to finance a new political party to pursue Brexit ideals.

"I do not think Brexit can happen," he said. "It will go on, on and on and in the end I do not think Brexit can happen, I think we will stay in the EU as we were before and everything will have been wasted energy".

He argued that Ms. May was "absolutely" not the right person to conduct the negotiations and said it was a misreading that the Brexit negotiations had not included contributions from economic leaders like him, the Wetherspoons boss, Tim Martin, or James Dyson.

Britain's Justice Secretary Michael Gove speaks as head of the voting campaign to leave Boris Johnson listening to the group's headquarters in London
Michael Gove and Boris Johnson were key figures in the Leave campaign

He said: "How can we get a good deal when the negotiating team wants to stay, it's not possible, it's crazy but asked some of the main members of Brexit?" He asked someone about us what to do?

"We have not been consulted, Dyson, the guys at JCB, Tim Martin, all the businessmen who have done great business, we have not been consulted, it's crazy."

Mr. Hargreaves was also pungent in his criticism of Mark Carney, the governor of the Bank of England, who he claimed was "a glamorous Canadian boy who interfered with British politics".

"He never managed an activity, he never did anything of value.

What's your best opinion of mine? I built a huge huge business. What's your best opinion of mine? I tell you it is not. It is not suitable for being the governor. He should never have got the job, in the first place, "he said.

But of all the criticism launched by Mr Hargreaves, his greatest anger was reserved for the political process that, in his opinion, derailed the country by the Brexit that voted, and which has spent millions on promotion.

"Well, I think I was wasting my money," he said "I could not believe that if we won, people would simply ignore the fact that the electorate said we would like to leave."

He believes that a Brexit "without agreement" would be "perfect" because "other countries would desperately want our trade", but he said, in harsh terms, that British politicians were too scared to embrace the opportunity.

He added: "They are all cowards, they are afraid of being brave and swinging the boat".

Jeremy Hosking says there is a conspiracy to stop Brexit
Mr. Hosking says there is a conspiracy to stop the Brexit

The finance company that Mr. Hargreaves helped establish from a reserve room in 1981 is now worth £ 8 billion. Its wealth has been estimated at £ 3 billion.

And he revealed that he would be willing to use part of that fortune to finance a new political party to pursue that kind of Brexit that he thinks people voted for.

He said: "Honestly I think there would be enough people who would vote exclusively for the candidates whose main criterion was to end the Brexit with the people who do the negotiations that want Brexit.

"I would like to have my checkbook for that and I think there are enough people who propose themselves as candidates.

"I think I would simply ask people who were passionate about this country and totally disappointed with politics.

"There is certainly a need for a new look at politics in this country, as long as it would have seemed reasonable, I would be there".

Stuart Wheeler gave £ 5 million to the conservatives and £ 600,000 to the leave campaign
Stuart Wheeler gave £ 5 million to the conservatives and £ 600,000 to the leave campaign

His plan received support from another of the biggest supporters of the Leave campaign.

Mr. Hosking, a banker who has donated over 1.5 million pounds to the campaign, told Sky News that there was a "conspiracy of the establishment" to counter Brexit.

He told us that Leave's movement needed to "rejoin the band", perhaps reinvigorating its Brexit Express pressure group and turning it into a political party.

Mr. Hosking shares Mr Hargreaves' belief that it would be better to stay in the EU rather than join Mrs. May's withdrawal agreement, if only to allow a new approach.

He said: "Right now, the rest looks better than Mrs. May's deal because with Mrs. May's agreement we will have lost the item 50, we will be in a customized straitjacket with EU, while if we were to stay we could look at the whole thing from a fresh point of view. "

With the parliament preparing to vote on the deal, the MPs warned that "there will be much pressure to endure them in the coming days" and urged them to "stick to their guns … and doing so by maintaining confidence in the majority part of the 17.4 million people who voted for Brexit ".

It is an opinion echoed by a third man who helped fund the Leave campaign.

Mr Wheeler, founder of the spread betting company, gave £ 5 million to the Conservative party and donated over £ 600,000 to help support the referendum leave.

He said he was "bitterly disappointed" by the political process over the past two years and claimed that Britain was in "grave danger of becoming a vassal state". Mrs. May, he says, "did a desperate and terrifying job".

His hope is that political turbulence will see Britain leaving the EU with a Brexit without agreement: "I would be in seventh heaven to see it."


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