The proposed deal for Britain to leave the European Union takes away "all the possible economic benefits of Brexit," former Brexit Secretary David Davis told CNBC on Friday.
Davis, who resigned from the job in July, has been a vocal opponent of U.K. Prime Minister Theresa May's plan to separate the United Kingdom from the EU.
"The idea was that once we left the European Union, we could control our own laws and regulations and businesses. We could do deals with the United States," Davis said on "Closing Bell." "All of that would be off the table if we accept this deal. And, frankly, that's not tolerable."