It was said that No Deal would likely cause a recession (Image: Getty Images)
We have had the Treasury and ‘Cross-Whitehall’ report, arguing that any Brexit at all, including the government’s proposed deal, would be worse than Remaining. Then the Bank released its ‘Brexit crisis scenario’, an implied forecast of how bad No Deal would be. It has since reiterated that No Deal would likely cause a recession. These are deceitful propaganda efforts and terrible economics.
Contrary to Project Fear, Brexit means big gains for the economy, from:
Free trade with rest of the world, reducing prices and boosting competition
Better regulation, in technology, energy, and financial services – all key to our future growth prospects
An end to subsidised unskilled immigration which costs £3500 pa for each unskilled worker
Ending paying large amounts into the EU budget
Together, these will add about 0.5 percent a year to our growth rate, totalling a 7 percent boost to GDP by 2035.
Bank of England (Image: Getty Images)
The Project Fear reports make the following absurd assumptions:
There will be tiny gains from
