Mervyn King: May’s deal is a shameful betrayal of Brexit

It’s safe to say that Mervyn King,  former Bank of England governor, does not quite agree with Mark Carney on Brexit. In an incendiary article for Bloomberg, he says that the sight of Boris and Blair uniting against the deal shows  that “something has gone badly wrong”. How wrong? Here’s his argument.

“The withdrawal agreement is less a carefully crafted diplomatic compromise and more the result of incompetence of a high order. I have friends who are passionate Remainers and others who are passionate Leavers. None of them believe this deal makes any sense. It is time to think again, and the first step is to reject a deal that is the worst of all worlds. 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 the government saw its role as managing decline; and now, in the turmoil that has followed the Brexit referendum.