Two Centre for Business Research academic have lambasted the Treasury’s negative reports on how Brexit will affect the economy. A new paper by the CBR at Cambridge Judge Business School predicts that Brexit will “only have a small negative impact on economic growth over the coming years” and a minor impact on living standards.
The paper – which examines the predictions of a range of reports on the economic impact of Brexit issued during and after the referendum – concludes that most of these, and especially the Treasury reports, were “flawed”.
Graham Gudgin, co-author of the report, said: “Our paper is not necessarily an argument in favour of Brexit. But it will cast doubt on traditional economic modelling and it does question the ability of the economics profession to provide high-quality policy analysis on issues of national importance.”
Read the full article [cityam.com]