Billionaire hedge funding CEO George Soros along with other celebrities, pledged their support for the United Kingdom staying put in the European Union. David and Victoria Beckham were also vocal in their support.
George Soros warned citizens that leaving the 28-nation European Union could have dire consequences. Living standards could plummet along with the British pound, according to Soros. The fight, commonly known as the “Brexit Battle,” could trigger events that would rival 1992’s Black Wednesday.
In an opinion piece with the Guardian newspaper, George Soros says the pound could realistically drop between 15 and 20%. During the British crash, the currency lost its value by 15%.
David Beckham made his thoughts very clear on the issue: “We live in a peaceful and strong society. Our strength comes from standing up as one on this issue.” His wife Victoria echoed his sentiments by saying “I believe in my country, and I support the remain campaign.”
The former Spice Girl, model and designer was embroiled in a conflict with a “leave group” who attempted to use some comments she made nearly 2 decades ago against her.
Brexit and the Future of Europe
British Prime Minister David Cameron rallied the British supporters by saying “Brits don’t quit.” He also warned citizens voting to exit that the vote is irreversible. “If it passes, you have to live with the consequence,” said Cameron.
Soros said individuals involved in the “Brexit” are being duped. During Black Wednesday, Soros was ready. He warned people of what would happen. In the meantime, he pocketed a cool $1.5 billion due to the event.
Britain’s Justice Secretary Michael Grove isn’t buying it. He says the markets and Soros have been wrong before. Grove is a huge supporter of the leave effort. Former Parliament member Johnson also supports the leave initiative. He says he will gladly issue an apology to the British Citizens if the Brexit passes and no recession occurs.
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