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sterling shocker

So what if the pound loses value after a Brexit, says Nigel Farage

Ukip leader responds to claims by economists Sterling could crash and the stock market plunge if we vote to leave the EU

Nigel Farage Andrew Marr Show

NIGEL Farage said even if the pound was to drop after a vote by Brits to leave the European Union it doesn’t matter.

The Ukip leader dismissed stark warning by top economists sterling would fall by 30% after a Brexit, saying: “So what?”

 Nigel Farage replied "so what?" when asked if Sterling would fall in the event of a Brexit
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Nigel Farage replied "so what?" when asked if Sterling would fall in the event of a BrexitCredit: BBC

Appearing on the Andrew Marr Show this morning, he said there had been a momentum swing to Leave in recent days.

He put it down to voters being switched off by the Remain camp’s so-called ‘Project Fear’.

Mr Farage said: "There’s been a shift, a change in this debate, people have had enough of being threatened.

“They're putting two fingers up to the political class."

With less than a fortnight until the referendum a host of polls are giving his side an advantage, prompting panicked calls from the Remain side.

 The Ukip leader said there had been a shift to Leave in the past week reacting to 'Project Fear'
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The Ukip leader said there had been a shift to Leave in the past week reacting to 'Project Fear'Credit: BBC

David Cameron said protections for state pensions, the NHS and defence spending cannot be guaranteed if Britain leaves the EU.

The Prime Minister, who appeared after Mr Farage on the BBC One show, said the strain on the public finances caused by Brexit would threaten the end of the "triple lock" guarantee for OAP payments and the ring-fencing of health funding.

But the Ukip boss said this was untrue, and was more evidence of scaremongering by those who want the UK to stay in the European Union on June 23.

And he dismissed claims by an award-winning team of independent economic analysts about the dangers to the economy of a vote to leave.

They warned Sterling could fall by 30% and the stock market by 20% in a stark assessment of Britain’s potential future.

 Farage said the economy would be stronger outside the EU - not weaker
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Farage said the economy would be stronger outside the EU - not weakerCredit: BBC

But when asked by Marr about it Mr Farage said: "Even if Sterling were to fall a few percentage points, so what?”

He said his own experience as a trader in the City of London said this was simply a scare story, and the economy would be stronger outside the EU.


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