No-deal Brexit: Short Positions against the Pound
Debate between Christian Matheson and Simon Clarke(5 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Mr Clarke
I point to the wise words of the Opposition Deputy Chief Whip in the House of Lords last November, who said that short selling
“is not necessarily the evil practice that the popular press held it to be…It had a role.”—[Official Report, House of Lords, 28 November 2018; Vol. 794, c. 706.]
Christian Matheson (City of Chester) (Lab)
Short selling may have a role, but not when Government policy deliberately manipulates the currency to provide a big pay-out to individuals who have paid huge amounts of money either to the Conservative party or to individual right hon. Members. That is the problem. Does the Minister not understand that this is not about the Government’s taking a position on currencies? It is about the stink of something that does not seem quite right.