'it's absurd' fury over ifs 'gloomy' brexit britain forecast
'it's absurd' fury over ifs 'gloomy' brexit britain forecast"
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The key point for both Professors Paton and Minford remains the genuine risks that exist when leaving a large trading bloc such as the EU, are far outweighed by the potential benefits. The
problem for Mr Hammond, Professor Paton says, is that he is now working under a cloud of gloom from the Treasury. He said: "Rather than being shamed by the failure of their
pre-referendum forecasts, they continue to be in denial about the economic opportunities Brexit can give the UK. "The medium-to long-term prospects for the economy are much brighter
than indicated by the Treasury and the Office for Budget Responsibility. Professor Paton calls the Chancellor's allocation of £3 billion for Brexit preparations, as "a serious and
important signal of intent", and a chance to, "break free from EU control and protectionism and embrace a bright future for a newly-independent UK economy".
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