'She has NO choice!' Finance boss makes THIS Brexit prediction and it's BAD news for May
Mr Isaacs, who is chairman of the investment committee at Alvine Capital Management, predicted that Theresa May “will have to resign” over her failure to deliver on Brexit and Boris Johnson could replace her.
When asked by Bloomberg what the Brexit outcome will be, Mr Isaacs said Mrs May’s “Brexit coup” at Chequers was an “establishment Remainer coup” meaning that the Prime Minister now has “no choice” but to deliver a deal.
He said: “She has crossed any rubicon from red lines or being able to orchestrate a position where her Government could handle a no Brexit scenario.
“So she is on the defensive. The Europeans are on the offensive.”
Mr Isaacs added: “They will come back with something, I believe.
“But the problem is – can they get it through Parliament?”
The finance boss referenced the “Brexit coup” at Chequers and warned that, as a result, at least 100 Tory MPs will “probably vote against this deal”.
He said: “It’s not going to be a good deal. The Government are trying to spin it that it is delivering a good Brexit but, come on, nobody really believes in it any longer.
“So the Government then has to rely on the Labour Party. Can the Labour Party actually support that deal? I think, for two reasons, the answer is no.”
Firstly, Mr Isaacs said the Labour Party would vote the deal down because it would be an opportunity to “kick the government when it is down” and point out that the deal does not deliver on Brexit.
Secondly, Mr Isaacs said the Labour Party have always believed in industrial policy by they would be unable to make a “massive intervention” within the EU’s single market.
He added: “When the chips are down I think they will vote against this deal and I think that means Theresa May will have to resign and probably Boris becomes Prime Minister.”
Mrs May’s Brexit plan, calling for close regulatory alignment with the EU’s single market for British exports, is a firm push towards a soft Brexit.
The proposal includes plans to create a ”common rule book” – involving a free trade area with the EU on industrial and agricultural goods.
The Prime Minister faced a string of resignations following the release of her Chequers plan – including the resignation of former Brexit Secretary David Davis and Foreign Secretary Boris Johnson.
Tory MP Andrew Bridgen, who is a member of Jacob Rees-Mogg’s European Research Group (ERG), warned the Prime Minister is now “so weak” that she “actually just moves in the last direction of someone that kicked her”.