Thread: Brexit (Old)
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Old 11-03-2019, 13:38   #8328
heero_yuy
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Re: Brexit

Quote:
Quote from Economists for Free Trade:


Brexit could boost the UK economy by as much as £135 billion a year, according to a comprehensive new report by a team of leading economists who argue that it is time to abandon the gloomy forecasts of Project Fear and embrace Project Prosperity – the mounting evidence that quitting the protectionist EU will transform Britain’s prospects over the next decade.

The surge in national output – worth about £5,000 a year to the average UK household – should also be accompanied by an 8 per cent fall in prices – which would add an average of £40 a week to such households, raising living standards, creating new, better paid jobs and cutting unemployment.

They include a reduction in their bills of £2.50 a week triggered by savings in benefits currently paid to unskilled EU immigrants.

The glowing assessment of Britain’s post-Brexit future comes in a 50-page report to be published in full in the autumn by Economists for Free Trade (EFT), a 16-strong group of experts, which includes Patrick Minford, Professor of Economics at Cardiff University and Roger Bootle, Chairman of Capital Economics, Europe’s largest macroeconomics consultancy.
Report summary on red link.
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