Mervyn King: ‘Doom and Gloom Wildly Exaggerated’

“There are some threats from the EU that will no longer be relevant. So, the idea there might be a tax on financial transactions – which George Osborne challenged, took to the European Court of Justice and lost his case – now we won’t be involved in that, and my guess is that any attempt in Europe to impose such a tax will never take place now because business will simply come to the City… There are obviously uncertainties in the short run… but the idea that this is a doom and gloom story seems to be wildly exaggerated.”

Project Calm from the former Bank of England governor…




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Quote of the Day

Brexit Secretary David Davis on Emily Thornberry’s request for a vote on Article 50:

“What she is trying to wrap up in a pseudo-democratic masquerade, is the most anti-democratic proposal I have heard for some time. She wants to deny the will of the British people and up with that we will not put.”

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