Economists for Free Trade (EFT) is a group of leading economists, formerly known as Economists for Brexit (EfB), who believe the UK’s optimal Brexit path is outside the Single Market and Customs Union, moving towards an ultimate position of global free trade as a full member of the World Trade Organisation.  Becoming a true global leader in free trade – the target that the Prime Minister has set out for the UK - will improve the country’s economic position significantly, relative to remaining in the protectionist EU Customs Union/Single Market.

EFT (as EfB) campaigned extensively during the referendum for Brexit, not only on the benefits of global free trade, but also by explaining the economic damage that the Customs Union and Single Market cause the UK.  The main effect of the EU Customs Union is to raise prices through protection and business (as opposed to social) regulation, to the benefit of producers at the expense of consumers who pay these higher prices.  Whilst there is a place for certain types of unskilled migrant workers, Freedom of Movement primarily benefits major producers at the expense of consumers through taxes levied on the general public to subsidise these individuals – whose incomes are generally too low to tax, but who obtain social benefits. 

Key Publications

16 March 2017

Returning the City to the Real Economy - a Golden post-Brexit Era beckons

Executive summary and full report available to download.

Brexit and the City


17 February 2017

Available to download here.

What Shall We Do if the EU Will Not Play Ball? UK WTO Trade Strategy in a Non-Cooperative Continent

16 February 2017

EFT forecasts show that a ‘tit for tat’ policy of maintaining tariffs against an un-cooperative EU could cost the UK 8% of GDP.

Press release available to download here

New Analysis of UK's WTO Trade Options Shows UK Could be 4% Better off or 4% Worse off Depending on Tariff Policy

16 February 2017

Available to download here.

Achieving Economic Success with Global Free Trade

16 February 2017

Presentation slides available to download here.

Economists for Free Trade Launch Presentation