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George Soros donated money to campaign for a rerun of Britain's EU referendum


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George Soros donated money to campaign for a rerun of Britain's EU referendum

 

2018-02-07T224428Z_1_LYNXMPEE16227_RTROPTP_3_HUNGARY-SOROS-EU-MEETING.JPG

EU Commission President Jean-Claude Juncker (L) meets U.S. financier George Soros in Brussels, Belgium, April 27, 2017. REUTERS/Olivier Hoslet/Pool

 

LONDON (Reuters) - George Soros, the billionaire who earned fame by betting against the British pound in 1992, contributed 400,000 pounds ($554,840) through his foundations to a campaign group which is seeking to halt Brexit, the group's chairman said on Wednesday.

 

"George Soros’s foundations have along with a number of other major donors also made significant contributions to our work," Mark Malloch-Brown, a former British diplomat who is chair of the Best for Britain campaign group.

 

"Indeed through his foundations he has contributed £400,000," Malloch-Brown, who has previously worked in senior positions at the United Nations and Britain's foreign ministry, said in a statement emailed to Reuters.

 

Best for Britain aims to halt Brexit and secure a rerun of the 2016 referendum on EU membership. Soros's contributions to the group were first reported in the Daily Telegraph newspaper.

 

Opponents of Brexit see leaving the EU as the biggest mistake in post-World War Two British history, and fear it will undermine the remaining financial and political clout that Britain still has.

 

Supporters of Brexit say it will free Britain from a German-dominated experiment in European unity and allow the economy to eventually thrive.

In the United Kingdom’s 2016 referendum, 51.9 percent, or 17.4 million people, voted to leave the EU while 48.1 percent, or 16.1 million people, voted to stay.

 

Prime Minister Theresa May says Britain will leave the EU on March 29, 2019 and that there will not be a rerun of the referendum, though opponents of Brexit want another vote.

 

"We think the British people deserve a final say on the Brexit deal and believe the country has been led down a dangerous false turn," Malloch-Brown said.

 

"This is a democratic and patriotic effort to recover our future and we welcome support for our efforts from many quarters," he said.

A spokesman for Soros did not immediately respond to requests for comment.

 

Soros used his Quantum Fund in 1992 to bet successfully that sterling was over-valued against the Deutsche Mark, forcing then-Prime Minister John Major to pull the pound out of the European Exchange Rate Mechanism (ERM).

 

Soros, who was born in Hungary but made his way to London as Communists consolidated power in Budapest, said last year that Britain was approaching a tipping point that would see the economy slow to such an extent that Brexit might even be reversed.

 

($1 = 0.7209 pounds)

 

(Reporting by Guy Faulconbridge)

 
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-- © Copyright Reuters 2018-02-08
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44 minutes ago, isaanbanhou said:

Millions of dollars was pumped into Canada during the last federal election. We don t need Soros or Koch Bros money determining wha happen in our country.  Outsiders should FO and  mind their own business. Be they American, Chinese, Russian  or from the Channel Islands.

 

Or from east of Manitoba...

 

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5 hours ago, webfact said:

"We think the British people deserve a final say on the Brexit deal and believe the country has been led down a dangerous false turn," Malloch-Brown said.

I thought they'd had the final say. Obviously my idea of a final say differs dramatically from Malloch-Brown's, never mind that of Soros, who will make money from whichever way a vote goes.

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30 minutes ago, Jonmarleesco said:

You seriously think Juncker won't jump at the chance of a European superstate, with him calling the shots?

What's that got to do with the global elite and the Bilderberg Society supposedly wanting to take over the planet!

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27 minutes ago, Jonmarleesco said:

I thought they'd had the final say. Obviously my idea of a final say differs dramatically from Malloch-Brown's, never mind that of Soros, who will make money from whichever way a vote goes.

We (brits.) all thought that the electorate had decided the issue - but as neither the uk elite/politicians or eu elite/politicians agree with the referendum result - the 'argument' has been changed....

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3 minutes ago, dick dasterdly said:

We (brits.) all thought that the electorate had decided the issue - but as neither the uk elite/politicians or eu elite/politicians agree with the referendum result - the 'argument' has been changed....

Apparently the voting populous also thinks things have changed: https://www.theguardian.com/politics/2018/jan/26/britons-favour-second-referendum-brexit-icm-poll

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Just now, simoh1490 said:

Apparently the voting populous also things things have changed: https://www.theguardian.com/politics/2018/jan/26/britons-favour-second-referendum-brexit-icm-poll

And I agree with them insofar as another referendum is required on the 'final deal' - as long as it includes the option 'reject - leave within 12 months'. (The continued time frame is to give small businesses time to adapt).

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