The following three core aims are central to EFT’s position.  They offer distinct economic benefits to the UK:

1.        The pursuit of free trade in a global market with zero trade barriers for goods and services coming into the UK.  Long term analysis by the Cardiff University macroeconomics research group, using their trade and macro models, estimates that this scenario creates an additional GDP gain of 4% and a fall of 8% in consumer prices compared to remaining in the Single Market. Other economic groups who have produced forecasts have almost universally not modelled a free trade policy outcome.

2.       UK-based laws/regulations in place of those from the Single Market.  Currently, 100% of the UK economy must conform to all EU regulations despite only 8% of UK businesses exporting to EU countries, representing only 12% of GDP.  Outside the Single Market, these companies will be required to obey EU product standards only for their EU exports.  Releasing the economy from the burden of conforming to intrusive Single Market regulations can, if appropriate policy is adopted, lead to an additional 2% increase in GDP (Minford et al, 2015) – making a 6% increase in total from leaving.

3.       Control of unskilled immigration and promotion of skilled immigration.  Each unskilled migrant in the UK costs the taxpayer, on average, around £3,500 (Ashton, MacKinnon and Minford, 2016) per year net as a result of welfare and other support not covered by tax contributions, which should therefore be carefully controlled.  Skilled migration, controlled as in other developed countries through a visa system, by contrast is a strong positive contributor to the economy and the exchequer and should be promoted.


Economist Members

 

 

Professor David Blake

Professor of Economics, Cass Business School and Director of the Pensions Institute

Professor Vudayagi Balasubramanyam

Professor of Development Economics at Lancaster University

 

Professor Tim Congdon

Previously a member of the Treasury Panel of Independent Forecasters and one of the “Wise Men” between 1992 and 1997

Roger Bootle

Chairman of Capital Economics and special adviser to the House of Commons Treasury Select Committee

John Greenwood

Chief Economist at Invesco

Professor Kevin Dowd

Professor of Finance and Economics at Durham University Business School and a partner in Cobden Partners

Martin Howe QC

Leading expert on EU constitution andbarrister at 8 New Square specialising in Intellectual Property and EU law

Liam Halligan

Economist, broadcaster and award winning columnist at the Sunday Telegraph

Warwick Lightfoot

Former economics editor of The European and special adviser to the Chancellor of the Exchequer between 1989 and 1992

 

Professor Graeme Leach

CEO & Chief Economist of Macronomics, a macroeconomic, geopolitical and future megatrends consultancy

Professor Kent Matthews

Professor of banking and finance at Cardiff University

Neil MacKinnon

Global macro-strategist at VTB Capital. He has spent 20 years as an economist and strategic adviser to leading financial institutions

Edgar Miller

Convener: Managing Director, Palladian Limited and Senior Visiting Fellow, Cass Business School

Professor Patrick Minford

Professor of Economics at Cardiff University, formerly director and founder of Liverpool Research Group

Professor David Paton

Professor of Industrial Economics at Nottingham University

Dr John Whittaker

Former MEP and Senior teaching fellow at Lancaster University

 

 

Advisory Group

Parliamentarians

Lord Flight

Member of the House of Lords, Chairman Flight & Partners, Chairman EIS Association

Mr Jacob Rees-Mogg MP

Member Treasury Select Committee, Director Somerset Capital

Rt Hon Owen Paterson MP

Former Secretary of State Environment, Food, and Rural Affairs, former Secretary of State Northern Ireland

 

 

 

 

 

 

Businessmen

Sir James Dyson

Founder Dyson Ltd

Sir John Craven

Former Board Member Deutsche Bank, Chairman/CEO Morgan Grenfell

Mr John Longworth

Former Director British Chambers of Commerce, Co-Chairman Leave Means Leave

Sir David Ord

Co-Owner of Bristol Ports, Vice Chair Open Europe

 

Media Opinion Formers

Viscount Ridley

Science and Technology Committee (House of Lords), Columnist The Times