May 17, 2023
3 mins read

Nigel Farage claims Brexit has ‘failed’

The row comes as the UK economy continues to stagnate, with gross domestic product (GDP) shown to have increased by just 0.1% between January and March…reports Asian Lite News

Speaking to BBC’s Newsnight on Monday, the former UKIP leader admitted that the country had “not actually benefited from Brexit economically” and blamed this on “useless” Tory politicians “mismanaging” the departure from the bloc.

Responding, Number 10 pointed to freedoms being enjoyed in the British farming sector as an example of how the divorce from the EU was allowing the UK to take a more tailored approach to policies.

The row comes as the UK economy continues to stagnate, with gross domestic product (GDP) shown to have increased by just 0.1% between January and March.

Newsnight presenter Victoria Derbyshire said to Farage: “A poll from last month showed that 53% of people say it was wrong to Brexit – around one in five Leave voters regret it.

‘Who do you think you are speaking to?’: Speaker rebukes Kemi Badenoch as Tory MPs line up to criticise EU law U-turn

“The OBR [Office for Budget Responsibility] forecast a 4% hit to the economy over the medium-to-long-term – that’s £40bn in tax revenues.

“Economically, the UK would have been better off staying in, wouldn’t it?”

Farage said he “doesn’t think that for a moment” – and blamed the “failure” on the Conservative government’s handling of Brexit. He said: “We haven’t benefited from Brexit economically when we could have done.

“What Brexit has proved, I’m afraid, is that our politicians are about as useless as the commissioners in Brussels were. We have mismanaged this totally.”

He said the decision to increase corporation tax from 19% to 25% in April was “driving business away from our country” and that the UK government was “arguably… regulating our own businesses even more than they were as EU members”. “Brexit has failed,” he added.

Conservative MP, Jacob Rees-Mogg, says that he thinks Putin would 'probably have invaded Ukraine successfully if the UK had been bound in by the requirement of sincere cooperation' when asked what he felt the main benefits of Brexit have been.0:47

Asked whether he would consider a return to frontline politics, Mr Farage said: “I wouldn’t rule it out but it is not at the top of my bucket list.

“But frankly, we have not delivered on borders, we have not delivered on Brexit, the Tories have let us down very badly.”

Farage previously said he would leave the country if Brexit turned out to be a “disaster”.

Asked whether Rishi Sunak – who campaigned to leave the EU – agreed with Mr Farage’s sentiments, the prime minister’s official spokesman said: “No.”

“I think the prime minister has talked about the benefits of Brexit on a number of occasions,” he added.

“Just thinking about farming alone, we’re talking about some of the benefits of moving away from a bureaucratic cap which skewed money towards the largest landowners, with 50% going to the largest 10%. We have a fairer system tailored to British farmers post-Brexit.”

The spokesman was speaking after Downing Street held a UK Farm To Fork summit with representatives from across the food supply chain on Tuesday.

ALSO READ-UK, EU adopt new Brexit deal for NI

Previous Story

Are global corporates rethinking China operations?

Next Story

China labels Uyghurs ‘violent extremists’ for possession of the Quran

Latest from -Top News

India bids emotional farewell to Manmohan Singh

The nation bid an emotional farewell to the stalwart Congress leader who was fondly known as the ‘Architect of India’s economic reforms’. Former Prime Minister Dr. Manmohan Singh was laid to rest

Biden pays tribute to India’s ex-PM Manmohan Singh

Presiden Biden emphasised that “the unprecedented level of cooperation between the United States and India today would not have been possible without the Prime Minister’s strategic vision and political courage.” US President

OpenAI’s o3 reasoning model ignites AI hype

Social media influencers have kicked off a fierce debate over OpenAI’s new o3 reasoning model, with some of them raising concerns about its high cost and the potential for overhyping its artificial
Go toTop

Don't Miss

Sunak wins post-Brexit trade vote  

Despite the opposition, Sunak won the vote by 515 to

UK targets significant progress in Brexit talks by February

Britain hopes to secure significant progress in post-Brexit trade talks