Iain Duncan Smith: All economic forecasts are wrong in the end
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Iain Duncan Smith casts doubt on Mark Carney's Brexit warning

The Bank of England's warning that an EU exit could spark a "technical recession" in the UK should be taken with a "pinch of salt", former Conservative cabinet minister and Leave campaigner Iain Duncan Smith has said.

Responding to bank governor Mark Carney's warning about the impact on the UK economy of a possible vote to leave the EU on 23 June, Mr Duncan Smith told the BBC "all forecasts in the end are wrong".

"If anybody can tell me they know what the global economy is going to be doing over the next year let alone next 10 years I have to say they're either soothsayers or they've got some link with God," he said

  • 12 May 2016