@PaulKrugman on the @BankOfEngland analysis.
Interesting analysis. @JulianHJessop?
Probably not. "Perhaps the boost to productivity from being able to use incandescent light bulbs while vacuuming with high-powered hoovers will be significant, but the above suggests new free trade agreements alone can’t do it."
The UK is enjoying an increase in exports to the EU, driven in the main by a fall in the pound caused by a fear that it will not be freely trade with the EU in the future. This is a cake that cannot continue to be both had and eaten forever.
Stephen Hawking reflects. #fb
"Minford admits his model predicts that the policy would cause the ‘elimination’ of UK manufacturing and a large increase in wage inequality. But although he is relaxed about these outcomes, we suspect that voters in Port Talbot and elsewhere in Britain wouldn’t be so impressed."
"In the last two years British newspapers have been promising more or less the same thing to Eurozone citizens: collapse, soon." Yet it hasn't happened.
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