Boris Johnson’s pro-Brexit backer Crispin Odey has made a £300m bet against British businesses and stands to make huge profits from the woes of the UK economy.

While the Prime Minister defies the law and insists Britain will leave the European Union on 31 October, his backers stand to make billions out of the disaster.

Hedge fund manager Crispin Odey, an advocate of Brexit, renewed his hotly debated wager against the British pound as U.K. lawmakers’ failure to agree on the divorce terms heightened concerns the country may crash out of the European Union without a deal.