By: Steve Dellar | 09-27-2018 | News
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Brexit - Wall Street Asks Theresa May “How Bad Can Things Get?” (Video)

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The annual United Nations meeting in New York is also a moment where business leaders get a chance to ask questions to the world’s best-known politicians. Eagerly in need of trade deals, UK Prime Minister Ms. Theresa May took place at a Bloomberg business forum to answer demands from CEO’s and international investors.

Whereas most of the questions were quite likable and nice, mostly similar to the respectable British reporters that she dealt with during her time in New York, the last one was not.

When the microphone was handed to Mr. Steve Schwarzman of asset management firm Blackstone, the tone changed and Ms. May went into full ‘waffle mode.’

The billionaire investor had just paid £1.5billion ($2 billion) for thousands of commercial spaces underneath the Victorian railway arches, saying that he, therefore, thought it would all sort itself in the end, and then stated: “But on the other side, things could really go off with a bad Brexit and also a change of government. The thing that we really worry about is: how bad can things get?”

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Steve Schwarzman(Blackstone) - <a href=";ref_src=twsrc%5Etfw">#Brexit</a> is &quot;a little daunting&quot;… so &quot;how bad could things get?&quot;<br><br>Theresa May went into full waffle mod &amp; competently forgot to tell Steve about her government&#39;s <a href=";ref_src=twsrc%5Etfw">#NoDealBrexit</a> papers.<a href=";ref_src=twsrc%5Etfw">#peoplesvote</a> <a href=";ref_src=twsrc%5Etfw">#FBPE</a> <a href=""></a></p>&mdash; Haggis_UK - #FBPE 🇬🇧 🇪🇺 (@Haggis_UK) <a href="">September 26, 2018</a></blockquote>

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The Tory Prime Minister was clearly taken aback by the question and paused for a moment, before responding: “I absolutely appreciate and understand that, you’re making decisions and looking ahead to what the future holds.”

“And at the moment there is that uncertainty about what the future will hold in terms of Bexit.”

Related coverage: <a href="">Brexit – Labour Votes To Allow Second Referendum (Video)</a>.

“First of all … we believe that we will and can get a good deal. And that’s because it’s not just about the UK, it’s about the EU as well. And I think that continued trading relationship is going to be good for both sides.”

“That’s why we’ve been looking at this concept of the economy of the future, to make sure we have those building blocks in place that are needed post-Brexit so that when we leave the EU we will be able to ensure that we are still a great country to do business in.”

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Theresa May put on the spot as investor Steve Schwarzman calls Britain&#39;s future &#39;daunting <a href=""></a></p>&mdash; @Camz99 (@Camz99) <a href="">September 27, 2018</a></blockquote>

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However, many believe Mr. Schwarzman was really asking about Ms. May’s own future.

She is still under threat within her own party and has to speak at a Tory party conference in just three days from now. If plotters and schemers are to be believed, no less than 80 members of her own conservative political party want her to step aside at this point and let someone else arrange the dealings with the EU.

Ms. May has to present a workable agreement with the EU in October which then needs a majority vote in the UK Parliament, but at this moment that is not anywhere in sight after the political leaders of the 28-member-state bloc shut down her ‘Chequers’ proposal last week.


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2 Comment/s
Georgiana Speropulos No. 38083 2018-09-27 : 07:18

The investors are nasty when they worry about how much more money & misery they'll control

Anonymous No. 38084 2018-09-27 : 07:37

The investors are nasty when they worry about how much more money & misery they'll control

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