Nigel Farage says Brexit has 'failed' and financial system 'has not benefited' however Downing Street disagrees

Downing Street has denied an accusation from arch-Brexiteer Nigel Farage that leaving the EU "has failed".

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Speaking to BBC's Newsnight on Monday, the previous UKIP chief admitted that the nation had "not actually benefited from Brexit economically" and blamed this on "useless" Tory politicians "mismanaging" the departure from the bloc.

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Responding, Number 10 pointed to freedoms being loved within the British farming sector for example of how the divorce from the EU was permitting the UK to take a extra tailor-made strategy to insurance policies.

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The row comes because the UK financial system continues to stagnate, with gross home product (GDP) proven to have elevated by simply 0.1% between January and March.

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'We have mismanaged this completely'

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Newsnight presenter Victoria Derbyshire mentioned to Mr Farage: "A ballot from final month confirmed that 53% of individuals say it was mistaken to Brexit - round one in 5 Leave voters remorse it.

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"The OBR [Office for Budget Responsibility] forecast a 4% hit to the economy over the medium-to-long-term - that's Β£40bn in tax revenues.

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"Economically, the UK would have been higher off staying in, would not it?"

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Mr Farage mentioned he "doesn't think that for a moment" - and blamed the "failure" on the Conservative authorities's dealing with of Brexit.

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He mentioned: "We haven't benefited from Brexit economically when we could have done.

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"What Brexit has proved, I'm afraid, is that our flesh pressers are about as ineffective because the commissioners in Brussels had been.

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"We have mismanaged this totally."

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He mentioned the choice to extend company tax from 19% to 25% in April was "driving business away from our country" and that the UK authorities was "arguably... regulating our own businesses even more than they were as EU members".

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"Brexit has failed," he added.

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Asked whether or not he would take into account a return to frontline politics, Mr Farage mentioned: "I wouldn't rule it out but it is not at the top of my bucket list.

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"But frankly, we now have not delivered on borders, we now have not delivered on Brexit, the Tories have allow us to down very badly."

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Mr Farage previously said he would leave the country if Brexit turned out to be a "catastrophe".

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Downing Street defiant on Brexit benefits

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Asked whether Rishi Sunak - who campaigned to leave the EU - agreed with Mr Farage's sentiments, the prime minister's official spokesman said: "No."

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"I believe the prime minister has talked about the advantages of Brexit on a lot of events," he added.

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"Just fascinated by farming alone, we're speaking about a few of the advantages of transferring away from a bureaucratic cap which skewed cash in the direction of the most important landowners, with 50% going to the most important 10%.

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"We have a fairer system tailored to British farmers post-Brexit."

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The spokesman was talking after Downing Street held a UK Farm To Fork summit with representatives from throughout the meals provide chain on Tuesday.

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Content Source: information.sky.com

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