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Boris Johnson New PM – Industry Reacts to Ascent of BoJo the Clown

Jamie Johnson, CEO, FJP Investment 

“Boris Johnson’s victory should come as no surprise. Having been picked as the favourite at the beginning of the leadership campaign, the financial market has been able to prepare for his somewhat inevitable appointment. Over the next few hours, the markets will adjust to the news, but this should be a generally stable affair. The real question is how the markets will react over the next three months, particularly given Boris Johnson’s willingness to purse a no-deal Brexit should an agreement with the EU not be made by 31 October 2019.” 

Jerald Solis, Director, Experience Invest 

“Brexit-fatigue has well and truly set-in, and whether you voted to remain or leave, the political deadlock in Westminster has been frustrating for business leaders across the country. When it comes to the property market in particular, developers have continued to stride ahead, constructing new-builds to meet increasing demand for housing. This has been undertaken with minimal leadership and guidance from the government since the EU referendum in 2016.

Boris Johnson’s appointment as Prime Minister poses more questions than answers. The most pressing of all is his strategy towards progressing Brexit. – Paresh Raja 

“I for one hope that Boris Johnson’s appointment will lead to action, so that Brexit in whatever shape or form can progress. Only then will the government be in a position to think beyond the 31 October deadline, and ensure developers in the private sector are offered the support they need.”

Paresh Raja, CEO, Market Financial Solutions

“Boris Johnson’s appointment as Prime Minister poses more questions than answers. The most pressing of all is his strategy towards progressing Brexit. Given the hardships faced by Theresa May in her attempts to get her withdrawal bill through parliament, it remains to be seen how he will be able to achieve this.
 
“While not downplaying the significance of Brexit, we also cannot let this overshadow some of the pressing issues facing the property market. There’s a myriad of challenges that need to be addressed, and so far, creative action to address these has been minimal. That’s why it is vital for Boris not to let Brexit continue to dominate the political landscape. Vision and leadership is needed to ensure we can also address pressing national challenges such as the housing crisis. At the same time, it will likely encourage more investment activity, with investors being able to clearly plan for the future.”

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