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Monday, 26 December 2016

Mervyn King pulled no punches with his views about a 'Hard Brexit'

An economist who led the Bank of England for a decade has welcomed the
"opportunities" of Brexit and demanded Britain is more "confident" about it.
Mervyn King, who was the central bank's governor from 2003 to 2013, has voiced radically different opinions from his more cautious successor Mark Carney.
Anti-EU Tories have accused Canadian Mr Carney of straying into politics by warning of the economic risks of leaving the EU.
But bullish Lord King today claimed the EU was.
"pretty unsuccessful, particularly in the
economic sense" and signalled Britain could even leave the customs union and single market entirely.
It is the same Lord King who in 2012 admitted the bank "didn't imagine the scale of the disaster" from the 2008 financial crash and "should have tried harder".

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