Larry Summers says departure from EU ‘contributed to higher inflation’ and calls economic policy ‘substantially flawed’
UK politics live – latest updates
Brexit will be remembered as a “historic economic error”, which damaged the UK economy and has helped to drive inflation higher, according to the former US treasury secretary Larry Summers.
Singling out Britain’s departure from the EU as a factor for higher costs, Summers also criticised the UK’s economic policy as “substantially flawed for some years”.
More Stories
First orbital rocket launched from mainland Europe crashes after takeoff
Peter Dutton’s plan to move to Sydney instead of Canberra if elected ‘arrogant’, Labor says
Cadia goldmine operators fined $350,000 for breaches of NSW clean-air laws