Economists Blast ‘One-Sided’ Treasury Warning on Brexit

by Peter Spence

A Government report into the economic impact on the UK of leaving the European Union has been criticised as “one-sided”, with some economists claiming it is an exercise in “assuming away” any possible benefits from Brexit.

The Treasury estimates that the economy would be at least 6pc smaller by 2030 if Britons voted to leave the EU on June 23, and the UK pursues a trade deal along the lines of that enjoyed by Switzerland, than if it remains a member.

George Osborne, the Chancellor, said that the Government had published “a comprehensive Treasury analysis”. Speaking in Bristol, he described the report as “a sober and serious look at the costs and benefits of remaining in the EU, or leaving it”.

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