George Soros: Donald Trump 'will fail' and Theresa May's Brexit could 'last three days'
Donald Trump is a “would-be dictator” who is “going to fail” and Theresa May won't last long because of the Brexit, the billionaire investor George Soros has told the Davos world economic forum.
The 86-year-old Hungarian-American investor accused Trump of being an “imposter and con-man” who was “gearing up for a trade war” which would have far-reaching consequences on the rest of the world.
“I personally have confidence that he’s going to fail … because his ideas that guide him are inherently self-contradictory,” added Soros, who was a supporter of Trump’s Democratic rival Hillary Clinton during the 2016 US presidential election campaign.
On Theresa May and Brexit, Soros raised the possibility of the UK re-joining the European union just within three days of leaving it.
“In my opinion it is unlikely that prime minister May is actually going to remain in power. Already she has a very divided cabinet, a very small majority in parliament. And I think she will not last,” he said.
“At the moment the people in the UK are in denial. The current economic situation is not as bad as was predicted and they live in hope. But as the currency depreciates, and inflation will be the driving force, this will lead to declining living standards.
“This is going to take some time, but when it does happen they’ll realise that they are earning less than before because wages won’t rise as fast as the cost of living.
“The divorce is going to take a very long time. It’s much harder to divorce than to get married, so I think the desire for rapprochement will develop, and in theory or maybe even in practice you could have a situation in 2019 or 2020 when Britain will leave the EU, because it does have to take place, but they could leave on a Friday but join over the weekend and have the new arrangement in place in Monday morning.”