Bobby Vedral, a banker partner at Goldman Sachs, said Jeremy Corbyn could win power within months if Theresa May’s ailing government breaks under pressure
Jeremy Corbyn would turn Britain into ‘Cuba without the sunshine’, a major figure in the City of London has warned.
Bobby Vedral, a banker partner at Goldman Sachs, said the Labour leader could win power within months if Theresa May’s ailing government breaks under pressure.
The warning is the latest signal from the City’s financial centre raising alarm about the prospect of Labour’s left-wing agenda being imposed.
Mr Vedral made his claims at an equity conference in Amsterdam last month, warning the Labour programme of tax rises on the wealthy and a sweeping nationalisation agenda would be a ‘disaster’.
He said: ‘There is a clear risk in my opinion in the next six months of Corbyn.
‘Now that is a problem.’
Mr Vedral’s claim comes after businesses were told Theresa May is ‘hanging by a thread’ and they should prepared for a Corbyn Government.
The advice was issued by an influential city trading firm that warned Labour taking power would be a ‘nightmare scenario’ for the pound.
CME Group, an American financial market company with a major office in the City of London, issued the warnings in a briefing last month at the height of the harassment scandal sweeping Westminster.
The warning is the latest signal from the City’s financial centre raising alarm about the prospect of Jermey Corbyn (pictured in the Commons today) and Labour’s left-wing agenda being imposed
In the CME paper, Erik Norland, the group’s executive director and a senior economist, describes how the Government was ‘taking the brunt’ of ‘allegations of inappropriate conduct within Parliament’.
‘Since losing its parliamentary majority in June 2017, British Prime Minister Theresa May’s Conservative Party has been hanging by a thread, propped up by coalition partner, the Democratic Unionist Party of Northern Ireland,’ he said.
‘Given the fragility of the current government, markets should probably be thinking carefully about the next Prime Minister and the potential impact on the UK economy and currency.
‘The Labour Party has moved into a small but consistent polling lead since the June election.
‘When new elections take place, they could easily produce a Labour majority or a hung parliament.’
Mr Vedral’s claim comes after City businesses were told Theresa May is ‘hanging by a thread’ and they should prepared for a Corbyn Government.