David Cameron says Brexit isn’t going as badly as he thought it would

  • Former Prime Minister David Cameron said Brexit has “turned out less badly than we first thought.”
  • The Conservative politician was caught on camera at Davos talking about the UK’s exit from the EU.
  • “It’s a mistake, not a disaster,” he said.

David Cameron reckons Brexit is going better than he thought it would.

The former British Prime Minister is currently at the World Economic Forum conference in Davos, Switzerland, and while there he got talking to Lakshmi Mittal, CEO of steel-making giant ArcelorMittal. Mittal asked the Conservative politican about Britain leaving the European Union – and his response was captured on camera by Channel 5 News/

Cameron, who was staunchly anti-Brexit during the 2016 referendum on the subject, said it was a “mistake, not a disaster” – and that it’s not as bad as he had feared.

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

It was David Cameron, as Prime Minister, who introduced the referendum on leaving the European Union – hoping to appease Eurosceptic Conservative backbench MPs and put the matter to bed once and for all. But the Leave camp won a shock victory, prompting Cameron to resign.

Britain has since triggered Article 50, starting the formal Brexit process, and is on schedule to leave the European Union in March 2019. Negotiations about the terms of Britain’s departure and relationship with Europe are ongoing, with a major question mark hanging over whether the UK will be able to access the European Single Market, and on what terms.

But so far, it hasn’t proved the economic catastrophe that some feared. The pound dropped precipitously after the referendum, but has been climbing since, and jumped 1.5% against the dollar on Wednesday. Employment, meanwhile, is at a joint high since records began in 1971.

Here’s the video of David Cameron’s remarks: