News by email Donate

Suggestions

Top Stories

Most Read

Popular Videos

Christine-Lagarde-EU-main_article_image.jpg
PA
UK News

Christian MP: IMF's EU predictions "worse than a clairvoyant at a summer fete"

by Aaron James

Sir Gerald Howarth was speaking after the IMF's head Christine Lagarde (above) said if Britain leaves the European Union next month it would be "pretty bad to very, very bad" for the UK economy.

Christine Lagarde also said leaving Europe could sharply raise interest rates, making loans more difficult to both take out and pay back, and also create "sizeable" long-term losses in income.

Her intervention comes after the Bank of England governor Mark Carney (below) said yesterday that the UK could go into recession if it leaves Europe.

Mark Thomas/Rex_Shutterstock

Mr Carney's intervention was criticised by Conservative MP and Out campaigner Jacob Rees-Mogg, who said the Bank of England should not be involving itself in politics as an independent body and that the decision was for the British people alone to make.

Jacob Rees-Mogg also questioned whether the bank is setting interest rates to aide the government's agenda rather than to help the British people, given that it was willing to intervene in the EU debate.

Sir Gerald told Premier's News Hour: "She's part of the great EU project to create the European superstate.

"Of course they're going to add to the government's project fear which is to try and scare the living daylights out of people.

"It is not just about economics, it is about controlling our destiny.

"It is about being able to take control of our borders to stop the flows of migration that are coming into our country, it is about restoring to our Parliament a responsibility for making the laws.

"Please don't continue frightening us with international bodies whose record on forecasting the future is pretty well worse than a clairvoyant at a summer fete."

Listen to Premier's Aaron James speaking to Sir Gerald Howarth on the News Hour:

Continue the conversation on our Facebook page

A Monthly Gift Of £5 Makes A World Of Difference

In a world of fake news there’s never been a greater need for quality Christian journalism. Premier’s mission is to provide the Church with the most up to date and relevant news, told from a Christian perspective. But we can’t do it without you.

Unlike many websites we haven't put up a paywall — we want to keep our journalism free at the point of need and as open as we can. Premier’s news output takes a lot of time, money and hard work to produce. No one in the UK is sharing news like we are across radio, magazines and online so please help us to continue that today.

For a monthly gift of £5 or more we’d also be able to send you a free copy of the brand new Premier Bible, a wonderful Anglicised version of the NLT packed with exclusive bonus content, reading plan and resources to help you get the most out of scripture.

Your monthly support will make a world of difference. Thank you.

Set up a monthly gift

Related Articles

Sign up to our newsletter to stay informed with news from a Christian perspective.

Connect

Donate

Donate