If Boris Johnson were to win a general election, deVere Group CEO and founder Nigel Green has warned that UK asset prices and the pound would tumble.
The warning from Green comes following the publication f a ComRes poll in The Daily Telegraph that suggests that with Mr Johnson as leader the Conservatives could be heading for a landslide at the next election with a majority of 140.
Green made the comments as Johnson claimed he would be “willing to pull the UK out of the European Union with no deal in place”, leading the deVere CEO to believe asset prices and sterling will “certainly” fall.
“Should Mr Johnson go on to win a general election, especially with a clear majority, he will be emboldened in his approach to Brexit,” he said.
“Mr Johnson’s no-deal relies on the idea that the absence of a deal on 31st Oct will -by default- mean a no deal Brexit. And that parliament and Brussels are both powerless to stop it.
“This suggests that the parliament vote against a no-deal a few months ago is limited to banning the government from making it a policy goal, but it can’t stop a no-deal through inaction.”
However, Green added that UK asset prices and the pound will fall, but not only because of Johnson’s Brexit policy. “He is also viewed by many as untrustworthy and lacking in consistency,” he noted.
To conclude, the deVere founder stated: “A Boris Johnson win at a general election- especially with a clear majority – can be expected to prompt a significant number of UK and international investors in UK assets to consider the overseas options available to them to build and safeguard their wealth.”
Latest News
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories