The former governor of the Bank of England, Mark Carney, has taken apart the arguments of Brexiteers as well as the economic policies of Liz Truss during a speech at the Global Progress Action Summit in Montreal, where he praised “progressive” policies while attacking “far-right populists”.
Carney, who was governor between 2013 to 2020, accused those who backed quitting the European Union of wanting to “tear down the future” and also launched a scathing attack on the disastrous economic policies of Liz Truss.
Turning his attention to Truss, Carney said that when Brexiteers tried to create Singapore on the Thames, the Truss government instead delivered Argentina on the Channel – and that was a year ago.
“Those with little experience in the private sector – lifelong politicians masquerading as free marketeers – grossly under-value the importance of mission, of institutions, and of discipline to a strong economy.
“And the bad news is that while these tactics never work economically, they can work politically. Brexit happened, Donald Trump was elected. So we can’t dismiss the impact of anger, but we must resist its power.”