Overheard at Davos: former UK Prime Minister David Cameron says Brexit is a “mistake, not a disaster”

David Cameron has been overheard at Davos saying Brexit is a “mistake, not a disaster”.

Recorded by 5News while speaking to steel magnate Lakshmi Mittal, the man who called the EU referendum admitted that the UK economy hasn’t tanked in the way he once predicted.

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Mittal, chairman and chief executive of ArcelorMittal, is heard saying to Cameron that “everyone is talking about Brexit”.

Cameron says: “Yes, well I know. It’s frustrating. As I keep saying, it’s a mistake, not a disaster. It’s turned out less badly than we first thought. But it’s…it’s still going to be difficult.​”

The great and the good are gathered at the World Economic Forum this week in Switzerland to find a solution to the problems of a “fractured world”.

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Cameron will be joined by the likes of Angela Merkel, Theresa May, Emmanuel Macron, and, naturally, John McDonnell, who has pledged to travel to the conference with a “warning for the global elite”.

The former Prime Minister now spearheads a $1bn infrastructure fund, backed by the government, to help China boost its trading links.

Cameron will help shepherd a number of UK and Chinese institutional investors, with the fund operated in “on a commercial and market-orientated basis”.