News

Customs costs close to zero when computerised, say leading economists

May 23, 2018

“Jon Thomson’s figures are not consistent with what we know are the customs costs of repeat traffic loads when process by the seamless procedures mandated by the WTO” – Professor Patrick Minford


Response to Mark Carney’s evidence to the Treasury Select Committee

May 22, 2018

“Carney’s and the Bank’s forecasts for 2017 were far too pessimistic – the Brexit decision has not reduced growth. Britain is currently at full employment and wages are accelerating” – Professor Patrick Minford


Civil servants “totally misleading” public on cost of leaving customs union

May 14, 2018

“The enormity of this effort to mislead by the Civil Service can hardly be exaggerated. It is no wonder that it has confused Parliament, the people at large, and even some members of the Cabinet” – Professor Patrick Minford


The House of Lords is WRONG – Brexit will bring a 20 per cent CUT in food prices

May 10, 2018

Removing EU protection will give us a 4 per cent gain in GDP, and an 8 per cent fall in consumer prices. This will include the immediate fall in food prices by 20 per cent as EU protection is ended and tariffs on food imported from outside the EU are cut – Professor Patrick Minford


Revealed: Osborne’s Project Fear campaign was wrong by £100 billion – new study

Apr 22, 2018

The paper by Timothy Congdon, a world leading monetary analyst, member of Economists for Free Trade, and founder of City firm Lombard Street Research, describes Project Fear – the brainchild of the former Chancellor, George Osborne – as a “gross miscarriage of government” that was wrong by nearly 5 per cent of GDP.


Big tax cuts are within reach, say pro-Brexit economists

Mar 11, 2018

The UK economy continues to confound all those pessimistic forecasters who saw gloom and doom descending on us after the Brexit vote – and that amounts to nearly every official forecasting organisation, but notably not Economists for Free Trade – Roger Bootle


Cabinet told to forget flawed official forecasts – Whitehall’s secret new model shows Brexit will boost GDP by up to 4 per cent

Feb 21, 2018

The study, described as the Alternative Brexit Economic Analysis (ABEA), flatly rejects the Whitehall verdict, leaked to the news website Buzzfeed earlier this month. It predicts that leaving the EU will boost the country’s economy by 2-4 per cent, in contrast with the Whitehall forecasts of up to an 8 per cent hit to gross domestic product.


Pessimistic civil servants are cooking the books – Patrick Minford

Feb 08, 2018

Our figures, using the correct methodology and an economic model suited to free trade, show that harnessing free trade would boost the UK economy by four per cent in the long term – Patrick Minford


Failing to ditch EU regulations could cost UK £240 billion a year

Feb 04, 2018

As a member state of the EU, excessive regulation costs the UK £120 billion a year but if the UK continues to align closely to EU regulation – specifically satisfying EU social and political objectives – the cost could rise to as much as 12 per cent of GDP – £240 billion.


Economists for Free Trade responds to the pessimistic leaked impact report

Jan 30, 2018

“The Treasury, together with any others involved in this report, have clearly used the same discredited methods that it used to produce Project Fear. Because of this, their estimates should be disregarded.” – Professor Patrick Minford


Economists for Free Trade response to Sadiq Khan’s Brexit impact assessments

Jan 11, 2018

“These ridiculously pessimistic studies are the latest attempts to use taxpayers’ money to pump life into Project Fear. Our own assessments, using the correct economic model suited to free trade, show the clear benefits of Britain making a swift, clean break from the EU – Patrick Minford


Professor Patrick Minford responds to the Chancellor’s Autumn Budget

Nov 22, 2017

What was missing in the Budget today was any detail on how Britain’s economic policy can and must change when we leave the EU to a lighter touch, lower tax, lower spending economic model that offers a clean break from the high regulation, high tax, high spend approach of the EU – Patrick Minford


Jacob Rees-Mogg MP to deliver ‘Budget for Brexit’

Nov 13, 2017

Mr Rees-Mogg will say: “The Chancellor generously asked for ideas for his Budget, so with the help of Patrick Minford, I am delighted to offer some suggestions that are positive and will contribute to a bold Brexit.”


Brexit to bring £65 billion Budget bonanza of tax cuts and spending rises

Nov 12, 2017

In a key intervention just a week before the Chancellor delivers his 2017 Budget, Economists for Free Trade will unveil their ‘Budget for Brexit’ report, which says that quitting the EU will reinvigorate the British economy, creating a flood of extra revenue for the Exchequer that can be used to cut taxes, boost state spending and slash the national debt.


Professor Patrick Minford responds to the Prime Minister’s Florence speech

Sep 22, 2017

We are extremely disappointed that the Prime Minister seems to have committed to a vague transitional period of ‘around two years’ at this early stage in the negotiations – Patrick Minford


Professor David Paton: Boris is right. Brexit does mean taking full control of £350 million a week

Sep 18, 2017

Sir David’s letter is simply wrong and presumably will need to be retracted…the £350m figure is actually an underestimate of our gross payments when we leave.


Britain’s poorest families will be the biggest winners from Brexit

Sep 03, 2017

Britain’s poorest families will be the biggest gainers from Brexit, according to a new report from a team of leading economists and businessmen from across the political spectrum.


Brexit will break the EU’s shackles on the British economy, say 16 leading economists

Aug 24, 2017

Sixteen senior economists have today said that a clean Brexit will enable Britain to break free from the EU’s shackles and “destructive policies” that have held back the British economy.


Brexit could boost UK economy by £135 billion, say top economists

Aug 14, 2017

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.


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