Ex-BOE Governor King: UK heading for "Brexit in name only" - BBC

Former Bank of England (BOE) Mervyn King is out on the wires now, via BBC, expressing his take on the ongoing Brexit negotiations between the UK and European Union.

Key Quotes:

The UK was probably heading towards a ‘Brexit in name only’ because the British political elite had been so incompetent in negotiating an exit from the European Union.

“We haven’t had a credible bargaining position,”

“Both camps feel that they haven’t got what they wanted,” King said, adding that the failure of Britain to provide a united front in negotiations was shocking.

“The EU has been united, has been clear, has been patient and it’s the UK that’s been divided without any clear strategy at all for how to get to where we want to go.”