This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.theguardian.com/politics/2016/jun/26/nigel-farage-ukip-britain-recession-brexit

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Nigel Farage says Britain heading for recession 'regardless of Brexit' Nigel Farage says Britain heading for recession 'regardless of Brexit'
(2 months later)
Nigel Farage has said Britain is heading for a “mild” recession but says it has nothing to do with Brexit.Nigel Farage has said Britain is heading for a “mild” recession but says it has nothing to do with Brexit.
The victorious Leave campaigner rejected warnings that leaving the European Union would have dire consequences for the UK economy, even as markets were rocked by Thursday’s result.The victorious Leave campaigner rejected warnings that leaving the European Union would have dire consequences for the UK economy, even as markets were rocked by Thursday’s result.
Sterling plummeted to its lowest level against the US dollar for 35 years as the tide turned in favour of leaving the EU in the early hours of Friday.Sterling plummeted to its lowest level against the US dollar for 35 years as the tide turned in favour of leaving the EU in the early hours of Friday.
Related: Brexit live: Labour turmoil as Jeremy Corbyn sacks Hilary Benn
The dramatic slide was followed by chaos on trading floors around the world as pre-polling jitters turned into panic and uncertainty following the leave vote and David Cameron’s resignation.The dramatic slide was followed by chaos on trading floors around the world as pre-polling jitters turned into panic and uncertainty following the leave vote and David Cameron’s resignation.
However Farage said Britain’s exit from the EU, for which he has campaigned for 25 years, would not be damaging.However Farage said Britain’s exit from the EU, for which he has campaigned for 25 years, would not be damaging.
“There’s nothing new here,” he told the Sunday Telegraph. “I think we are going into a mild recession anyway, completely regardless of Brexit. Our growth forecasts are down. Our public-sector borrowing is still not under control at all and everyone forgets that sterling is in a bear market, declining since July 2014.”“There’s nothing new here,” he told the Sunday Telegraph. “I think we are going into a mild recession anyway, completely regardless of Brexit. Our growth forecasts are down. Our public-sector borrowing is still not under control at all and everyone forgets that sterling is in a bear market, declining since July 2014.”
Farage said “increased global opportunities” awaited outside the single market.Farage said “increased global opportunities” awaited outside the single market.
“There is no reason why we really couldn’t be benefiting two years from now,” he told the newspaper.“There is no reason why we really couldn’t be benefiting two years from now,” he told the newspaper.
He said he felt sympathy for Cameron, but it was now time for a pro-Brexit government led by a pro-Brexit prime minister.He said he felt sympathy for Cameron, but it was now time for a pro-Brexit government led by a pro-Brexit prime minister.
He stopped short of backing any particular candidate, but said he would be “happy” to see Boris Johnson, Michael Gove or Liam Fox in the post. “Brexit prime minister, that’s all I want,” he said.He stopped short of backing any particular candidate, but said he would be “happy” to see Boris Johnson, Michael Gove or Liam Fox in the post. “Brexit prime minister, that’s all I want,” he said.