UK may need IMF bailout unless Brexit renegotiated, says City finance chief

Britain on path to become ‘sick man of Europe’, says former Tory donor

Britain may need a bailout from the International Monetary Fund (IMF) and is on the path to becoming the “sick man of Europe” because of Brexit, a senior finance chief has warned.

Former Conservative donor Guy Hands, founder of private equity company Terra Firma, launched a scathing attack on the party.

Pointing to Brexit as a key reason for economic turmoil, Mr Hands said the Tories needed to admit to “mistakes they’ve made in the last six years, which have, frankly, put this country on a path to be the sick man of Europe”.