‘There will be REVOLUTION if Brexit fails’: Hedge fund tycoon who donated £873,000 to Vote Leave campaign warns of chaos if deal isn’t delivered
- Crispin Odey was responding to comments saying Brexit ‘ain’t going to happen’
- He claims this was a misunderstanding and that he was referring to short term
- The 60-year-old had donated generously to the Vote Leave campaign in 2016
A top UK hedge fund manager who donated generously to the Vote Leave campaign in 2016 has warned of a ‘revolution’ if Brexit does not go ahead.
Staunch Brexiteer Crispin Odey, 60, was responding to comments he made last week saying Brexit ‘ain’t going to happen’ due to the ‘current configuration of parliament’.
He has now clarified his position saying this was a misunderstanding and that he was not referring to the long-term political outlook, but rather the short-term.
Flamboyant fund manager Crispin Odey has previously given hundreds of thousands to campaigns backing Britain’s separation from the European Union
Speaking to the Financial News, he said: ‘All I was saying, which maybe was misquoted, was that it was very obvious, given the constitution of parliament, that we weren’t going to get a Brexit.’
The flamboyant fund manager has previously given hundreds of thousands to campaigns backing Britain’s separation from the European Union including Global Britain and the Democracy Movement.
He added: ‘In the long-term, usually what the people want, the people get. Otherwise there’s a revolution.’
Odey is also a longstanding supporter of fellow Brexiteer Jacob Rees-Mogg, funding the Conservative MP’s Election campaign in 2015.
In 2007, he also helped Rees-Mogg set up an investment firm of his own, Somerset Capital Management, which has virtually no investments in the UK, but large holdings in Russia.
While in October last year he announced he would financially back Boris Johnson should he decide to run for No 10 if Theresa May is toppled over her Brexit policy.
He told The Mail on Sunday: ‘I think Boris would be excellent once he became leader. We all know his weaknesses. But his strengths derive from those weaknesses. He makes quick decisions.’
Theresa May is pictured looking dejected as the scale of her defeat by 230 votes becomes apparent in the Commons on Tuesday night. She is now inviting other parties for talks after surviving a vote of no confidence last night
Boris Johnson (pictured among MPs voting against the deal, far left) said he did not ‘rejoice’ in the massive defeat suffered by Theresa May, but demanded that she ditches the Irish border backstop and takes a ‘fresh approach’
Odey’s latest comments come after a tumultuous week in Westminster, with Theresa May’s Brexit deal defeated by a large margin in the Commons on Tuesday.
It was followed swiftly by Jeremy Corbyn launching a vote of no confidence in her government – which she survived by with 325 votes to 306 last night.
Mrs May is now inviting other parties for talks to see if there is a way out of the current Brexit deadlock.
But Mr Corbyn has refused to sit down for the talks despite the crisis rocking the country unless Mrs May ruled out a no deal Brexit.