The views of Economists for Brexit / Free Trade have repeatedly been rebuffed elsewhere, for example in a report by a group of economists at the LSE’s Centre for Economic Performance. They predict a 2.3% economic loss from Minford’s policy, rather than the 4% gain he claims. They argue Minford “misunderstands the nature of regulations and product standards”, seeing harmonisation across the EU as a “pernicious plot by vested interests to raise prices” rather than a proven way to increase trade and competition in a modern economy. They also reject Minford’s assumptions that countries will buy only from the lowest-cost supplier and not consider other factors such as geographic proximity, transport costs and quality. The economists conclude that “theories need grounding in facts, not ideology”.

Read more... In Facts - Stop destructive Brexit