Response to Paul Johnson’s dismissal of the Brexit dividend

In response to comments by the IFS’s Paul Johnson dismissing the Brexit dividend, Professor Patrick Minford, Chairman of Economists for Free Trade, said:

“Paul Johnson and his IFS microeconomics shop have once again recycled discredited gloom from the anti-Brexit Civil Service, the latest being their leaked Cross-Civil Service Report.

“As we have shown in detail, their report is based on absurd assumptions. When these are corrected, the report’s projected loss of GDP is converted into a substantial gain.

“The total gain to GDP from all aspects of Brexit is estimated at 7 per cent of GDP with a 10 per cent gain to HMRC revenue, enabling a large Brexit Dividend.

“Mr Johnson should stick to his last.”

ENDS

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