Facts4EU, January 20, Professor Patrick Minford
Ever since the UK voted to leave the European Union following the historic referendum result in 2016, arguments have raged over the impact of Brexit on the British economy.
Analysis from the mainstream media has been overwhelmingly negative. But as the distinguished economist Professor Patrick Minford argues, closer examination of the data makes it almost impossible to jump to such conclusions. The Economist declined to publish this, so we are doing so.
“We find no statistically significant ongoing effect of leaving the EU.”
As expected, the volatility in the data caused by the external shocks of war and disease make the case for an identifiable Brexit-related economic shock almost impossible to compute.
In that sense, argues Professor Minford, “the Brexit effects ‘found’ by media commentators are therefore of doubtful validity.”
Click here to find the paper in full.