Spectator ? Coffee House blog:
The embarrassing role of economists on Brexit
13 October 2017
A major impediment to clarity has been the weight of advice from what Michael Gove calls ‘organisations with acronyms’ suggesting that a ‘no deal’ on trade will greatly damage the UK economy. Our careful and detailed re-evaluation of the reports issued by the Treasury, OECD, the LSE’s Centre for Economic Performance and others, shows that much of this was wrong. The key flaw in each case was the use of inappropriate benchmarks to judge the potential losses to the UK economy.