Nigel Farage: Upcoming recession 'has nothing to do with Brexit'

Posted On: 
26th June 2016

Nigel Farage has said the UK is on course for a "mild recession" but insisted it was nothing to do with the Brexit vote.

Nigel Farage said Brexit was just the start of a popular revolt against the EU
Credit: 
PA

The Ukip leader claimed the British economy was already performing poorly ahead of Thursday's historic vote.

"I think we are going into a mild recession anyway, completely regardless of Brexit," he told the Sunday Telegraph. 

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"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." 

However he argued that with proper stewardship of the economy "there is no reason why we really couldn’t be benefiting two years from now".

'FIRST CRACK'

Elsewhere he said the impact of the vote here would reverberate around the continent and it was "only a matter of time" before other countries followed suit.

With populist movements gaining ground across the continent there are fears in Brussels that Brexit could lead to more countries seeking referendums.

The leader of the Dutch PVV party, Geert Wilders, has already pledged that he will hold a referendum if he becomes prime minister. 

“The impact of the referendum isn’t just on Britain. It’s on the whole EU," Mr Farage told the Sun.

“What we have done here is knocked out the first brick. The cracks have appeared and it’s only a matter of time.”

“There is now growing Euro-scepticism across the continent," he added.

SECOND REFERENDUM

Mr Farage dismissed a petition calling for a second referendum, which has now reached over 2.5m signatures.

"It’s the last thing I want to see. It’s not a game of the best of three,” he told the Sunday Mirror.

However in May he had told the Daily Mirror that "in a 52-48 referendum this would be unfinished business by a long way".

There is also an attempt from Labour MP David Lammy to get Parliament to vote down the result of the referendum.

"Our sovereign Parliament needs to now vote on whether we should quit the EU," he said.

“It was an advisory, non-binding ­referendum. The Leave campaign’s ­platform has already unravelled and some people wish they hadn’t voted to leave.