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Investors won’t dump Britain because it’ll be ‘back in charge’: Farage

Investors will not lose confidence in a U.K. that has voted to leave the European Union because the country will be "back in charge" of its economic policy Nigel Farage, the leader of the U.K. Independence Party, told CNBC on Tuesday.

Farage, who has long campaigned for Britain to leave the EU, dismissed the arguments raised by the remain campaign that a vote to quit the EU would hit market sentiment towards the U.K.

"Why would they lose confidence in a UK economy which is back in charge? We'd be back in charge of energy policy for example, of fisheries policy of steel policy, financial service regulation. We'd be back in charge as opposed to having to rely on rulings coming to us from the EU."


Campaigners join Nigel Farage, leader of the UK Independence Party, in their support for the 'Leave' campaign for the upcoming EU Referendum aboard a boat on the River Thames on June 15, 2016 in London, England.
Michael Tubi | Corbis | Getty Images
Campaigners join Nigel Farage, leader of the UK Independence Party, in their support for the 'Leave' campaign for the upcoming EU Referendum aboard a boat on the River Thames on June 15, 2016 in London, England.

The leave campaign has urged voters in the referendum to "take back control" and it has argued that Britain would be able to control its trade, borders, immigration and economy more effectively outside the EU.

The opposition remain camp say that Britain is "stronger in Europe" and that a Brexit risks jobs, the economy, trade and security, among other elements of British life.

Global markets surged on Monday after several opinion polls over the weekend showed that the remain camp was regaining momentum ahead of the vote.

Polls released Monday evening for The Telegraph newspaper and The Times showed conflicting voter intentions, however. The pound was trading higher at $1.4736 on Tuesday morning, up from levels of around $1.40 last week.

Farage took to task those remain campaigners, including financier George Soros, who have warned the value of sterling could plummet on a "Leave" vote.

"Whether sterling goes up or down. Frankly it's gone up and down through history," he told CNBC, adding that a fall in the value of the pound would "absolutely marvellous for exports."

"George Soros believes in the united states of Europe. He is a firm European federalist. He always has been. So I'm not surprised he said that."

Part of the shift in momentum back towards the remain camp has been seen by some commentators as a reaction against a Brexit campaign poster deployed by Farage which depicted a long line of refugees with the words "breaking point," although Farage defended the content of the poster in a TV interview on Monday.

Farage is well-known for his outspoken views and the poster has proved equally as controversial with even fellow Brexit campaigners slamming the poster; Justice Secretary Michael Gove said during a BBC interview this weekend that the poster had made him "shudder." Pro-EU campaigner and U.K. Finance Minister George Osborne compared the poster to Nazi propaganda.

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