'Mervyn King, the former governor of the Bank of England, has launched a stinging attack on Theresa May’s Brexit deal, likening it to the appeasement of the Nazis in the 1930s.
In a sweeping attack on No 10, the Treasury and his successor, Mark Carney, the Brexit-supporting King said the political elite was allowing the UK to become a vassal state that would be forced to accept Brussels diktats. He described the deal negotiated by the government as “incompetence of a high order”.
King’s comments came as Carney told the Treasury select committee on Tuesday that the price of food could go up by 10% if the UK left the EU with no deal and with no plans to avoid chaos at the country’s ports.
He said Britain’s ports were not ready for a shift to World Trade Organization rules for the country’s exports and imports with the EU.
King, however, slammed May’s deal as “a muddled commitment to perpetual subordination from which the UK cannot withdraw without the agreement of the EU”.
He added: “It simply beggars belief that a government could be hellbent on a deal that hands over £39bn while giving the EU both the right to impose laws on the UK indefinitely and a veto on ending this state of fiefdom.”'
Read more: Mervyn King: Theresa May's Brexit deal is like appeasement of the Nazis
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