Christine Lagarde SAVAGED by Brexit voters as she warns of ‘PAIN’ for UK ahead of EU exit

Thursday, January 19, 2017
By Paul Martin

GLOBAL banker Christine Lagarde was savaged by Brexit backers today after refusing to abandon her referendum Project Fear doom-mongering.

By ALISON LITTLE
Express.co.uk
Thu, Jan 19, 2017

The head of the International Monetary Fund warned of “pain” ahead for the UK as it left the European Union and claimed Britain was unlikely to secure arrangements as good as its current membership.

She also stood by the IMF’s recent decision to downgrade its British growth forecast for next year, to 1.4 per cent, although it upgraded it to 1.5 per cent for 2017 after the UK economy performed much better after last June’s Brexit vote than people like her had predicted.

During last year’s referendum campaign she was a willing participant in then Chancellor George Osborne’s bid to scare voters out of backing Brexit and she summed up the likely economic consequences of a vote to leave as wholly negative, ranging from “pretty bad to very, very bad”.

Conservative pro-Brexit Member of the European Parliament Dan Hannan said: “The people who told us it would be a disaster to keep the pound, that a Leave vote would trigger an immediate recession, that noone would sign a trade deal with us after Brexit, are now trotting out the same dreary line about Brexit.

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