You can read more about the new economic modelling and research Graham Gudgin has conducted with colleagues at the Centre for Business Research, University of Cambridge, on the impact of Brexit on the UK economy here in today’s papers:
Treasury forecasts on Brexit have been criticised for being too pessimistic.
A research paper entitled How the Economics Profession Got it Wrong on Brexit, sent out by the campaign group Briefings for Brexit, found that the decision to take the UK out of the EU will have only a small negative impact on economic growth over the coming years, and is likely to have a minor impact on living standards.
GLOOMY expert forecasts that Brexit will harm the British economy have been criticised by academics at Cambridge University.
The criticism comes in the paper How The Economics Professions Got It Wrong On Brexit, published today by the Centre for Business Research at the university’s Judge Business School.
They say most estimates of the economic impact of the Leave vote are based on modelling that exaggerates the negative effects. The study, published today, is titled How the Economics Profession Got it Wrong on Brexit and says Treasury forecasts before and after the referendum were too pessimistic.
A group of senior academics have lambasted the Treasury’s negative reports into how Brexit will affect the economy.
A new paper by the Centre for Business Research, Judge Business School and University of Cambridge predicts that Brexit will “only have a small negative impact on economic growth over the coming years” and a minor impact on living standards.