The Parliament Magazine:
Brexit would 'almost certainly' harm UK's economy, say economic trio
20 June 2016
The trio, Jagjit Chadha, the director of the National Institute of Economic and Social Research, Paul Johnson, the director of the Institute for Fiscal Studies and John Van Reenen, the director of the Centre for Economic Performance at the London School of Economics, published a joint statement today (20 June), outlining their collective conclusions on the likely consequences of a Brexit. Leaving the EU, they argue, would, relative to staying in, likely result in lower real wages, a reduction in the value of the pound resulting in price hikes, as well as higher borrowing and lower public spending or higher taxes. The UK would also see unemployment rise in the short term. The three economists added that their conviction that British citizens would be worse off financially if the UK opted to leave the EU, wasn't just based on research from their own institutes, ''but the work of almost all those who have looked seriously at this issue''.
This article was published online by The Parliament Magazine on June 20, 2016
Link to article here
Related publications
Leaving the EU would almost certainly damage our economic prospects, Jagjit Chadha, Paul Johnson and John Van Reenen. Statement from NIESR, the IFS and the Centre for Economic Performance, 21 June 2016.
Related links
John Van Reenen webpage
Growth Programme webpage