LSE British Politics and Policy blog:
The /Britain Alone' scenario: how Economists for Brexit defy the laws of gravity
30 May 2016
Article by Swati Dhingra, Gianmarco Ottaviano, Thomas Sampson and John Van Reenen
The possibility of the UK leaving the European Union (EU) has generated an unusual degree of consensus among economists. Acrimony and rancour surrounded debates around austerity and joining the euro, but analysis from the Bank of England to the OECD to academia has all concluded that Brexit would make us economically worse off. The disagreement is mainly over the degree of impoverishment (for example, Dhingra et al, 2016a; OECD, 2016; HM Treasury, 2016; PWC, 2016; NIESR, 2016).