Simon Wolfson, the chief executive of Next and prominent leave campaigner, has warned the British economy will be “finished” if the government pursues an isolationist Brexit course. Lord Wolfson made the comments shortly after announcing that the £250,000 Wolfson economics prize would be awarded to the best solution for funding and overhauling the UK’s road network. Against a backdrop of deep cuts to transport budgets at national and local levels, the prize seeks ideas to bring more investment “and a better deal for road users”. He said the Treasury received £33bn from road users in fuel tax and excise duties and “would be very interested in ideas in this area” to stop the decline. It is sponsored by the Charles Wolfson Charitable Trust and managed by Policy Exchange, the free market thinktank.

Source: The Guardian October 13, 2016 12:42 UTC