when FAA’s Huerta gets a briefed by US embassy political/economic staff - opens up by asking:
“Does the public have an notion of what the conditions of exit actually are?”
- how UK public hasn’t yet internalised: “the economy is going to tank I better sit on my cash”
- “Government not done a lot of for macro analysis almost deliberately” so as not to upset Brexit voters
- UK growth slowing down “longer term slower slide” including “inflation from an outside shock - worst kind of inflation”
- People tired of austerity .. If Brexit ends up not obviously helping them could have political knock on effects..
“British Government isn’t interested in telling the British people - this thing that 52% of you said you wanted - here are the range of options: there’s less good & then there’s very very bad”