Britain should be "self-confident" about Brexit and Theresa May must "stop pretending" that the UK will still be a member of the Single Market, the former governor of the Bank of England has said.
Lord King, the former governor of the Bank of England, said that there are "real opportunities" for economic reform and new trade deals after Britain leaves the European Union.
He said that while Brexit will not be a "bed of roses", the UK should be must more positive about its future than it is at present.
He told BBC Radio 4's Today
programme: "I think the challenges we face mean it's not a bed of roses,
no one should pretend that, but equally it is not the end of the world
and there are some real opportunities that arise from the fact of Brexit
we might take," he said in an interview with Radio 4's Today programme.
"There are many opportunities and I think we should look at it in a much more
self-confident way than either side is approaching it at present.
"Being out of what is a pretty unsuccessful European Union - particularly in the economic sense - gives us opportunities as well as obviously great political difficulties."
He said that Britain would be better off outside the Single Market and that there were "question marks" about staying in the customs union .
He said: "I don't think it makes sense for us to pretend we should remain in the single market and I think there are real question marks about whether it makes sense to remain in the customs union.
"Clearly if we do that we cannot make our own trade deals with other countries."
More here
"There are many opportunities and I think we should look at it in a much more
self-confident way than either side is approaching it at present.
"Being out of what is a pretty unsuccessful European Union - particularly in the economic sense - gives us opportunities as well as obviously great political difficulties."
He said that Britain would be better off outside the Single Market and that there were "question marks" about staying in the customs union .
He said: "I don't think it makes sense for us to pretend we should remain in the single market and I think there are real question marks about whether it makes sense to remain in the customs union.
"Clearly if we do that we cannot make our own trade deals with other countries."
More here
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