Mervyn King

We’re heading for a ‘worst of both worlds’ Brexit

If as a country we cannot take a big decision about whether or not we should be in the European Union, which is based on sovereignty, which is based on controlling our borders; there are arguments on both sides. We ought to be able to have a reasonable and civilised debate on that, and then have a vote. What we are now getting is not a reasonable or civilised discussion. It is a discussion where both sides seem to be throwing insults at each other. And I find that deeply depressing; and frankly, if a government cannot take action to prevent some of these catastrophic outcomes – whatever position you take on the EU – it illustrates a whole lack of preparation that doesn’t tell us anything about whether the policy of staying in the EU is good or bad. It tells us everything about the incompetence of preparation for it.

The group of people tasked with trying to make decisions on this – Parliament as a whole, not just the government, and the civil service – have brought us to a position where we are now being told we have to accept a certain course of action because otherwise it will be catastrophic.

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