Gas from Venezuela

stepped up sanctions against Venezuela.

Washington hopes this will encourage Nicolas Maduro’s government ­ regarded as a dictatorship ­ to allow more political freedom inside the country.

“Economic projects like these benefit both Europe and Venezuela,” said EU’s High Representative of the European Union for Foreign Affairs and Security Policy, Josep Borrell.

Censured by unions, businesses and the public, Pill’s critics included his own chief, the governor of the Bank of England Andrew Bailey, who said the economist’s choice of words “was not right.”

“If I had the chance again, I would use somewhat different words to describe the challenges we all face,” Pill said.

“Although we have some difficult messages to bring. I will try to bring them in a way that is perhaps less inflammatory than maybe I managed in the past.”