BSA 2016: Shadow MPC member defends Brexit

The UK can survive outside. Nothing will change on 24 June, even if we voted to leave. I don’t think we will vote to leave, I think people will vote to stay.

The vote on whether the UK should leave the EU is has nothing to do with economics, professor Trevor Williams, chairman of the Shadow Monetary Policy Committee, said today.

Speaking at the Building Societies Association annual conference Williams reassured the audience that the UK will carry on economically whether it votes to stay or leave despite the scaremongering from so-called 'Project Fear' in the Remain camp.

He said: “[The EU vote] isn’t about the economics per say frankly, it’s about an existentialist question of who you are, who you think you are, who do you want to be, what would you like to be, do you think you’re being held back, do you think you’d make better progress, do you like the way the world is going?

“All of that plays into that existentialist question.”

He added:“The UK can survive outside.Nothing will change on 24 June, even if we voted to leave. I don’t think we will vote to leave, I think people will vote to stay."

Williams told delegates that the UK has outperformedthe rest of the EU since the recession.

However he said the UK needs more trade, not less, adding that he felt the latter was currently playing out.