Monday, April 25, 2016

"Gang of Eight" leading economists in favour of Brexit

Leading economists have launched a pro-Brexit group, arguing that Britain will be economically better off it votes to leave the European Union.
The eight analysts, led by Margaret Thatcher’s adviser Patrick Minford, said that they planned to counter the “hyperbole, misguided speculation and economic illiteracy of the Project Fear campaign”. 
They argue that a vote to leave would result in prices falling by 8 per cent, export competitiveness jumping 5 per cent, 4 per cent growth in GDP and unemployment falling by another 75,000 over the next five years.

This contrasts strongly to the Treasury's 200 page report last week, which the Gang of Eight criticise for overlooking what they see as the main element of the case for leaving - the abolition of the common external trade policy.

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