A FORMER Bank of England Governor yesterday has branded Theresa May’s Brexit deal a “betrayal” equal to the appeasement of the Nazis.
Lord Mervyn King risked outrage by saying the deal was the “worst of all worlds” and could plunge the country into ruin.
And he compared it to when the political class let down the rest of the country with “appeasement” in the 1930s.
He stormed: “It’s incompetence of the highest order.
“It simply beggars belief that a government could be hell-bent on a deal that hands over £39 billion, while giving the EU both the right to impose laws on the UK indefinitely and a veto on ending this state of fiefdom.”
Lord King added: “There have been three episodes in modern history when the British political class let down the rest of the country.
“In the 1930s, with appeasement, in the 1970s when the British economy was the ‘sick man’ of Europe.“And now in the turmoil that has followed the Brexit referendum.
“In all three cases, the conventional wisdom of the day was wrong.”
He was immediately panned by his successor at the Bank – Mark Carney – who said his criticism was “entirely unfair”.
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And George Osborne’s former chief of staff Rupert Harrison said the attack was “not worthy of a former Governor of the Bank of England”.
It came as the Treasury’s independent forecasters hit back at Eurosceptics by saying their gloomy post-Referendum predictions about weaker growth and inflation had now largely been proven right.
The Office for Budget Responsibility (OBR) said it had expected growth of 3.6 between mid-2016 and September 2018 – and that it has turned out to be 3.8 per cent. It added that business investment was now below its forecast from November 2016.
It said: “The slowing in growth took a little longer to emerge than we expected. Nevertheless our early assessments of the immediate impact of the Brexit vote have fared reasonably well.”
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News Pictures Theresa May is BETRAYING Britain and MPs will never be forgiven if they back her Brexit deal, ex-Bank of England boss blasts
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