Lord King says it “beggars belief” that a leading economy was being told that no deal could mean stockpiling food and medicines Frank Augstein/APA former Bank of England governor has launched a damning attack on the government’s approach to Brexit preparations, branding it “incompetent”. Lord King, who backed Leave at the referendum, told the BBC it “beggars belief” that a leading economy such as the UK was being told that no deal could mean stockpiling food and medicines. Last-minute planning for a no-deal Brexit has left the government without a credible bargaining position, he claimed. “A government that cannot take action to prevent some of these catastrophic outcomes illustrates a whole lack of preparation,” he said. “It doesn’t tell us anything about whether the policy of staying in the EU is good or bad, it tells us everything about the incompetence of the preparation for it.”He added:…

Source: The Times September 05, 2018 07:52 UTC