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
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