Brexit 'would make Britain as insignificant as Guernsey'

France's economy minister Emmanuel Macron. Credit: Reuters

Leaving the EU would make Britain as insignificant as the island of Guernsey, France's economy minister Emmanuel Macron has said.

In an interview with Le Monde, Mr Macron said: "Leaving the EU would mean the 'Guernseyfication' of the UK, which would then be a little country on the world scale. It would isolate itself and become a trading post and arbitration place at Europe's border."

The French minister added that European Council would have to send "a very firm message and timetable" to the UK about the consequences of leaving the EU.