David Cameron: Brexit is A “Mistake, Not A Disaster”


At Davos, David Cameron has been overheard saying that Brexit is a “mistake, not a disaster”.

Recorded by 5News while talking to Lakshmi Mittal, a steel magnate, the man who called the EU referendum admitted that the economy of the United Kingdom has not tanked in the way that he once predicted.

Mittal is chairman and chief executive of ArcelorMittal. He is heard telling Cameron that “everyone is talking about Brexit.”

Cameron states: “Yes, well I know. It’s frustrating. As I keep saying, it’s a mistake, not a disaster. It’s turned out less badly than we first thought. But it’s…it’s still going to be difficult. ”

This week, the good and the great are gathered at the World Economic Forum in Switzerland to look for a solution to the problems of a “fractured world.”

Cameron is set to be joined by the likes of Theresa May, Angela Merkel, Emmanuel Macron, and, naturally, John McDonnell, who has promised to travel to the conference bringing a “warning for the global elite.”

The former Prime Minister now spearheads an infrastructure fund amounting to $1bn that is supported by the government, to help China expand its trading links.

Cameron will help shepherd a number of institutional investors from the United Kingdom and China, with the fund that is operated in “on a commercial and market-orientated basis.”