Brexit one of biggest travesties of modern times, says vice-president of European Investment Bank

Brexit is one of the biggest travesties of the modern era which will result in no winners, the vice-president of the European Investment Bank (EIB) has said.

Former Finnish prime minister Alexander Stubb denied that the EIB wanted to punish the UK for the decision to quit the bloc, but acknowledged it could take until 2054 for the UK to get back its £3 billion invested in the bank.