Bet Billions: Hammond and British People

bet billions: They are shorting the pound and the country, with the British people the main loser, Macpherson warned, after Hammond wrote that some of Johnson's City supporters have bet billions of pounds on a hard Brexit, according to The Independent. Nick Hammond is right to question the political connections of some of the hedge funds with a financial interest in no deal. Nick Macpherson, former permanent secretary to the Treasury, said Hammond was right to question the political connections of some of the hedge funds with a financial interest in no deal. They are shorting the and the country, with the British people the main loser. soundmoney 29, 2019 Hammond also claimed over the weekend that such funds would be happy to see scant progress ahead of the 31 October deadline to leave the EU, or seek an extension. Many hedge-fund managers see Brexit including the no-deal variety as an opportunity from which they obviously hope to profit, and they are positioning their portfolios accordingly, said financial commentator and author Frances Coppola. One government minister was quick to dismiss Hammond's allegations, but they raised fears that the prime minister faces a conflict of interest. (news.financializer.com). As reported in the news.