Woodford backs UK as investors question performance19th November 2017

Star fund manager Neil Woodford has been under pressure following over a year of poor performance by his flagship fund

However whilst he admitted to being worried but repeated his conviction that his decision to buy more shares in UK-focused businesses like housebuilders was right. He said: “People have become so extreme in their view that Brexit is a pre-determined disaster for the UK economy, that the share prices are discounting literally economic Armageddon for the UK economy.” He discounts the notion of a 'cliff-edge'  disaster if the Brexit deal is not right, saying that is just not how the world works.