Pro-Brexit group struggles with basic economics.
A report which claimed that a ‘Hard Brexit’ would create 400,000 jobs was based on ‘entirely fictional statistics’
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Economist Jonathan Portes has described as "entirely fictional" claims that leaving the customs union as part of a "hard Brexit" could create nearly 400,000 jobs.
The claims were made by pro-Brexit think tank Change Britain, which is backed by prominent Leave campaigner Michael Gove.
"The point of trade deals is to increase exports to the countries we make deals with and imports from the countries we make deals with, because we reduce barriers to trade," he said.
"Change Britain are counting the number of jobs they claim would be created by extra exports, but just ignoring jobs that would be lost by extra imports. That obviously makes no sense."
"In practice most economists would expect jobs created from free trade deals — they are a good thing — to be balanced out by the jobs they destroy. This is basic economics," he added.
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http://uk.businessinsider.com/jonath...17-1?r=US&IR=T
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Originally Posted by Mr K
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Surely they'll give the role to Nigel Farage? He was only passing around the Ferrero Rochers the other day!
http://www.itv.com/news/2016-11-23/n...bassador-joke/