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World

VERBATIM: Farage: So what if sterling falls after Brexit?

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World

VERBATIM: Farage: So what if sterling falls after Brexit?

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COMING UP:VERBATIM: Farage: So what if sterling falls after Brexit?

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Transcript

00:00:00
>>
MUSIC]
00:00:07
But on Friday, when the markets closed, the FTSE was down 116 points, and nearly 40 billion Pounds have been wiped off savings and so forth.>> Yeah, yeah.>> But it's happening, it's a fact.>> Sterling is up since March. Since Brexit became a possibility, sterling is up, and FTSE is exactly the same level it was in March.
00:00:25
And what happened on Friday, with very bad economic figures from America and the fact that our growth forecasts in Britain have been downgraded from 2.5% to 2%, and that our borrowing is still out of control. Even if sterling were to fall a few percentage points after Brexit, so what?
00:00:40
>> You just had Nigel Farage sitting here saying, if the plan falls, so what? That is how->> Briefly he thought it would go back up again.>> But I'll tell you so what, which is, if the Pound falls, then that means the prices in our shops go up, it means the weekly shop costs people more.
00:00:56
It means that family holiday costs more. Outside the single market airfares will cost more. These are all risks we should avoid.