Daily Mail online:
Liam Fox faces embarrassment after book he endorsed warns how hard Brexit could be damaging
9 December 2017
Pro-Brexit Cabinet Minister Liam Fox faced embarrassment last night after it was revealed that he commissioned and endorsed a new book which warns of the damaging effects of a 'hard' Brexit. The International Trade Secretary has written a foreword for the book about a 19th Century economist which includes the claim that leaving the EU without a deal would cause a 43 per cent fall in UK exports to the EU and a drop in household incomes. Dr Fox has said the UK should not fear a 'no deal' Brexit. But the book (Cloth For Wine? The Relevance of Ricardo's Comparative Advantage in the 21st Century) includes an essay by academic Swati Dhingra, who argues that obtaining no deal with the EU would lead to a rise in trade tariffs, 'causing a 43 per cent reduction in exports to the EU and a three per cent fall in average UK incomes, compared to a no Brexit scenario'.