Rees-Mogg dismantles 'negative' Hammond's 'silly' no deal Brexit 'Project Fear' forecasts

A NO DEAL Brexit will boost the UK economy by £80billion according to top Brexiteer Jacob Rees-Mogg, contradicting Treasury forecasts of a £90billion contraction.

Mr Rees-Mogg says his model is based on figures from Cardiff University’s World Trade Model. He argues the costs of a hard EU exit in terms of trade disruption have been greatly overstated whilst the advantages, such as from new trade deals with non-EU countries, have been played down. Mr Rees-Mogg was reacting to last week’s prediction from Philip Hammond that a no deal Brexit would cost £90billion.

Writing in The Daily Telegraph he said: “Philip...
source: Express

2019-07-17 02:41
Latest news from Express
today 15:05 Killers Anonymous release date, cast, trailer, plot - Everything we know
today 15:05 Gibraltar chief exposes 'improbable' no deal warnings as bluster - 'Spain NOT affected'
today 15:05 Samantha Markle hopes Archie treats Meghan like she’s treated her father - grubby row
today 15:05 Meghan Markle 'clashing' with Harry's older friends as 'feathers ruffled' - shock claim
today 15:05 Meghan Markle and Prince Harry become the first royals to appoint all-female top team 
today 15:05 Strictly Come Dancing: Gorka Marquez ‘WON’T get celebrity partner’ after Neil Jones news
today 15:05 Brexit FURY: EU hijacked Brexit negotiations to ‘humiliate and cheat’ UK – former diplomat
today 15:05 God of Chaos: Elon Musk tweets shock asteroid warning - 'it's coming we have NO defence'
today 15:05 Asteroid shock: What would happen if an asteroid hit Yellowstone volcano?
today 15:05 GCSE results day 2019 time: What time do the GCSE results come out this week?
today 15:05 God of Chaos: The asteroid which could blast Earth with a force of 65,000 nukes
today 15:05 Diane Abbott promises to campaign for Remain to rid UK of ‘Brexit shambles’
today 15:05 UK has the worst elderly poverty in western Europe, with state pension to blame says study
today 15:05 Brexit a ‘huge opportunity’ for UK farmers to rid themselves of EU regulations - Tory MP
today 15:05 Self-styled Remoaner BBC satirist Ian Hislop faces backlash as anti-EU rant resurfaces
today 15:05 Northern Ireland border bomb: Police 'lured' to explosion – 'deliberate attempt to murder'
today 15:05 World War 3 warning: Trump's new warships 'increases risk of global conflict'
today 15:05 London Comic Con CANCELLED - organisers blame Brexit for last minute cancellation
today 14:02 Jeremy Corbyn latest: Could Corbyn WIN a no confidence vote and replace Boris as PM?
today 14:02 Queen intervention: How the Queen had to stop Lord Mountbatten launching Labour plot
Latest news from Great Britain
today 15:23 Why stopping no deal isn't as simple as “putting country before party”
today 15:23 Hull KR 'agree deal' with Castleford Tigers prop for 2020 season
today 15:23 Hull KR 'agree deal' with Castleford Tigers prop for 2020 season
today 15:23 Rugby league news: Hull KR make 'signing', Thomas Minns finds new club, latest on St Helens coach search
today 15:23 Man arrested for trying to 'seriously attack' Hull police officer
today 15:23 Police want to speak to this man about 'indecent behaviour' in street
today 15:20 Police probe theft of high value antiques stolen in late night raid
today 15:20 Police seize 10,000 illegal pills from streets of West Dunbartonshire
today 15:20 Dumbarton litter pickers' shock as they find prosthetic leg
today 15:20 Scots tot has real-life Toy Story moment when Jessie doll survives River Clyde fall
today 15:20 Scots tot has real-life Toy Story moment when Jessie doll survives River Clyde fall
today 15:05 Woman raped at Foo Fighters gig found screaming in distress
today 15:05 Boy, 9, died four days after being sent home with ‘insect bite’
today 15:05 Boy, 2, targeted by bullies five times older than him because he’s only got one arm
today 15:05 Killers Anonymous release date, cast, trailer, plot - Everything we know
today 15:05 Gibraltar chief exposes 'improbable' no deal warnings as bluster - 'Spain NOT affected'
today 15:05 Samantha Markle hopes Archie treats Meghan like she’s treated her father - grubby row
today 15:05 Meghan Markle 'clashing' with Harry's older friends as 'feathers ruffled' - shock claim
today 15:05 Meghan Markle and Prince Harry become the first royals to appoint all-female top team 
today 15:05 Strictly Come Dancing: Gorka Marquez ‘WON’T get celebrity partner’ after Neil Jones news
today 15:05 Brexit FURY: EU hijacked Brexit negotiations to ‘humiliate and cheat’ UK – former diplomat
today 15:05 God of Chaos: Elon Musk tweets shock asteroid warning - 'it's coming we have NO defence'
today 15:05 Asteroid shock: What would happen if an asteroid hit Yellowstone volcano?
today 15:05 GCSE results day 2019 time: What time do the GCSE results come out this week?
today 15:05 God of Chaos: The asteroid which could blast Earth with a force of 65,000 nukes
today 15:05 Diane Abbott promises to campaign for Remain to rid UK of ‘Brexit shambles’
today 15:05 UK has the worst elderly poverty in western Europe, with state pension to blame says study
today 15:05 Brexit a ‘huge opportunity’ for UK farmers to rid themselves of EU regulations - Tory MP
today 15:05 Self-styled Remoaner BBC satirist Ian Hislop faces backlash as anti-EU rant resurfaces
today 15:05 Northern Ireland border bomb: Police 'lured' to explosion – 'deliberate attempt to murder'
today 15:05 World War 3 warning: Trump's new warships 'increases risk of global conflict'
today 15:05 London Comic Con CANCELLED - organisers blame Brexit for last minute cancellation
today 14:32 British conservationists work to restore acclaimed slavery painting
today 14:32 Johnson tells Germany and France: do a Brexit deal
today 14:20 The government just emailed confidential Brexit information to the wrong person
today 14:20 Dan Batty has done nothing wrong despite losing Hull City starting spot against Brentford
today 14:20 Dan Batty has done nothing wrong despite losing Hull City starting spot against Brentford
today 14:20 Health Awards 2019: The new, innovative team nominated for an award
today 14:20 Health Awards 2019: The new, innovative team nominated for an award
today 14:20 Rugby league news: Reaction to damaging defeats for Hull FC and Hull KR, recruitment latest for 2020
today 14:20 Live updates as police seen 'all over' Hull Prison
today 14:17 Filip Helander drops out of Rangers Europa League squad as Andy King and Brandon Barker are added
today 14:17 Rangers forward Josh McPake misses out on Scotland U21 call-up as Ireland look to pinch youngster
today 14:17 Scots parents warned to update child benefit details to avoid losing thousands of pounds
today 14:17 Firefighters rush to tackle huge bus blaze outside Silverburn shopping centre
today 14:17 Firefighters rush to tackle huge bus blaze outside Silverburn shopping centre
today 14:17 Gang attack and rob pensioner couple in terrifying £60k Dumfries house raid
today 14:17 'Stolen' bus smashes into cars before bulldozing into hedge in Paisley
today 14:17 'Stolen' bus smashes into cars before bulldozing into hedge in Paisley
today 14:02 If this girl hadn’t been wearing a bike helmet she would be dead
Watch the news from UK on Facebook