Financial Times:
The old normal - Your weekly briefing on the UK economy
11 February 2018
Last week’s highlights - Assessing the impact assessments - Almost all of the interesting results you get out of modelling Brexit are down to the judgments and assumptions you put in, said Robert Chote, head of the Office for Budget Responsibility, to the Institute for Government last week. But as the government’s models are being kept under lock and key in Whitehall all we have so far are hints of the results and no idea of what the government are putting in. Our Westminster team report the models say that Remain-voting areas will get off lightly (an opposite conclusion to work done by the London School of Economics), retailers will suffer the most from higher barriers to trade and new trade deals with non-European countries will provide very limited benefits.