Adam Posen, an American who was on the BoE monetary policy committee has, in an interview, said Brexit is going to take Britain back to the 1970s (HERE) and will be a source of economic pain for years to come. He likens Britain outside the EU to a patient with arthritis.
He says Brexit is a delusional fantasy which will contribute to stagnant growth, rising prices and a smaller economy where we are all worse off. I agree with this.
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