{"id":119662,"date":"2023-10-05T08:31:22","date_gmt":"2023-10-05T08:31:22","guid":{"rendered":"https:\/\/leviolonrouge.com\/?p=119662"},"modified":"2023-10-05T08:31:22","modified_gmt":"2023-10-05T08:31:22","slug":"bank-of-england-boss-finally-admits-project-fear-brexit-warnings-were-wrong","status":"publish","type":"post","link":"https:\/\/leviolonrouge.com\/politics\/bank-of-england-boss-finally-admits-project-fear-brexit-warnings-were-wrong\/","title":{"rendered":"Bank of England boss finally admits Project Fear Brexit warnings were wrong"},"content":{"rendered":"

Lee Anderson rebuffs claim \u2018Brexit has failed\u2019<\/h3>\n

Andrew Bailey, the Governor of the Bank of England, has left EU Rejoiners in shock after he told a magazine that Brexit has given the UK opportunities.<\/p>\n

In an even more surprising move, Bailey, who was a Remainer, admitted that the Project Fear “dire warnings” about Brexit which the Bank of England and other institutions made during the referendum were wrong.<\/p>\n

The interview was given to pro-EU magazine Prospect which has opposed Brexit and carried articles making the case for Rejoining the bloc.<\/p>\n

Bailey has become the latest top figure to have to conceded that Brexit is proving to be a success despite attempts to claim otherwise.<\/p>\n

His comments follow,\u00a0Chris Hayward, policy chairman of the City of London Corporation telling the BBC how Brexit has brought in thousands of extra jobs and massive investment into the UK.<\/p>\n

Click here to join our WhatsApp community to be the first to receive the latest politics news and analysis<\/strong><\/p>\n

READ MORE: <\/strong> Rishi Sunak’s biggest Brexit headache is set to be a huge success – trade expert<\/strong><\/p>\n

<\/p>\n

Mr Bailey said: “I think the post-Brexit landscape does give us opportunities.”<\/p>\n

He then went on to admit that EU regulations did not suit the UK.<\/p>\n

\u201cYou know, I\u2019ve always said, not everything about EU regulation was best-suited to any national circumstances.”<\/p>\n

And he admitted that claims made during the negotiations after the referendum – about the UK economy crashing because of Brexit and people being poorer as a result – were all wrong.<\/p>\n

He said: “If you go back to the period after the referendum, there were pretty dire predictions about the consequences of Brexit for the financial services world, for the City of London. And I think so far those effects have been smaller.\u201d<\/p>\n

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The words of the Governor will be taken as a warning to Labour leader Sir Keir Starmer who has made it clear that his plan is to tie Britain to EU rules and regulations if he wins power next year.<\/p>\n

The Governor’s position, though, is a stark change in the language by the Bank of England which played a significant role in Project Fear on the referendum with institutionsn such as the International Monetary Fund (IMF) and the Treasury when it was led by former Chancellor George Osborne.<\/p>\n

Former Governor Mark Carney joined Mr Osborne in predicting a flight of money from the UK and each household being thousands of pounds worse off as a result of Brexit.<\/p>\n

Even last year economist Roger Bootle criticised the Bank of England for claiming that the UK would go into recession this year because of Brexit.<\/p>\n

Unlike Germany and France, Britain has not gone into recession.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lee Anderson rebuffs claim \u2018Brexit has failed\u2019 Andrew Bailey, the Governor of the Bank of England, has left EU Rejoiners in shock after he told a magazine that Brexit has given the UK opportunities. In an even more surprising move, Bailey, who was a Remainer, admitted that the Project Fear “dire warnings” about Brexit which […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"yoast_head":"\nBank of England boss finally admits Project Fear Brexit warnings were wrong - leviolonrouge.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leviolonrouge.com\/politics\/bank-of-england-boss-finally-admits-project-fear-brexit-warnings-were-wrong\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of England boss finally admits Project Fear Brexit warnings were wrong - leviolonrouge.com\" \/>\n<meta property=\"og:description\" content=\"Lee Anderson rebuffs claim \u2018Brexit has failed\u2019 Andrew Bailey, the Governor of the Bank of England, has left EU Rejoiners in shock after he told a magazine that Brexit has given the UK opportunities. 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