|Author (Person)||Minford, Patrick|
|Publisher||Economists for Free Trade|
|Publication Date||August 2017|
Economists for Free Trade
The full report, From Project Fear to Project Prosperity, was to be published in the autumn of 2017. Over a few months, EFT would release some of the separate chapters of the report covering topics such as EU governance and regulation, trade models, trade negotiations, the City, Migration, post-Brexit spending and forecasts for the UK economy.
The authors argued that it was time to abandon the gloomy forecasts of Project Fear and embrace Project Prosperity – the mounting evidence that quitting the protectionist EU will transform Britain’s prospects over the next decade.
The surge in national output – worth about £5,000 a year to the average UK household – should also be accompanied by an 8% fall in prices – which would add an average of £40 a week to such households, raising living standards, creating new, better paid jobs and cutting unemployment.
They include a reduction in their bills of £2.50 a week triggered by savings in benefits currently paid to unskilled EU immigrants.
The glowing assessment of Britain’s post-Brexit future came in a 50-page report to be published in full in the autumn by Economists for Free Trade (EFT), a 16-strong group of experts, which includes Patrick Minford, Professor of Economics at Cardiff University and Roger Bootle, Chairman of Capital Economics, Europe’s largest macroeconomics consultancy.
Others economists were critical of the analysis and conclusions of the report.
|Countries / Regions||United Kingdom|