Tag Archives: Project Fear II

The IMF and Treasury produced reports in 2016 that closely analysed the UK and international economy.  The results of these reports should be read by everyone who is opposed to a No Deal Brexit. The IMF Country Report 16 on the United Kindom has this graph on p31 showing the process of …

After they signed May’s Withdrawal Agreement the EU said there would be no more negotiations. They stood firm on this during two “deadlines” in March and May. There really are no more negotiations possible. This means the UK can either Leave with a No Deal/WTO Brexit or Revoke Article 50.  …

This paper considers whether George Osborne, Philip Hammond and senior Treasury officials should be prosecuted for Misconduct in a Public Office. Prior to the EU Referendum the HM Treasury issued a document called: HM Treasury analysis: the immediate economic impact of leaving the EU. This document was widely used by campaigners …

Since the Referendum we can already see that wages are rising in real terms: The Referendum has brought us the highest level of real earnings since November 2010. According to the BBC article Wage Rises Accelerate to the Fastest Pace since 2008:  ‘Howard Archer, chief economic adviser to the EY Item …

The Bank of England published this graph showing the effect of leaving the EU with no deal in its report: EU withdrawal scenarios and monetary and financial stability: The graph is designed to look as scary as possible.  However, when we read the notes on page 53 we find this little …

We have been warned by the BBC that Philip Hammond thinks Brexit will be bad for the UK economy.  What do other sources of economic “wisdom” predict? The IMF Predicts the UK will have some of the strongest growth in European big 5 after Brexit: The World Bank in its Global Economic Prospects Predicts the UK …

Coverage in the media of the fact that the Belfast Agreement does NOT specify open borders with frictionless trade in Ireland has been entirely suppressed (read the Belfast Agreement here if you don’t know this) and the news that the Bank of England has calculated that a WTO Brexit with a 21 …

During the 2016 referendum on whether the UK should leave the EU, the public faced an onslaught of dire predictions regarding what could happen if “leave” won the vote. A mere vote to leave was meant to immediately wipe 4% off GDP, bringing about a recession and an emergency budget, result in …

There is one aspect to Brexit that rarely, if at all, gets a mention amidst all the endless blather about deals and proposals and Chequers plans. More of that later as in this piece I don’t want it to disappear as just another piece of Brexit opinion for the Remain …

Earlier last week, we found out that May had finally decided to get planning for a No Deal Brexit. This was something Brexiteers were very eager for – everybody felt that now, after two years, perhaps we could finally get somewhere and achieve what we had voted for. Perhaps now …

Is the Treasury producing reports for political motives?  The Treasury report before the Referendum, called HM Treasury analysis: the immediate economic impact of leaving the EU was so extreme that everyone called it “Project Fear”.  The punch line of the report was “..a vote to leave would represent an immediate and profound …

What would happen if the UK voted to leave the EU? All sorts of claims and counter claims are made about this. But the answer in the end is that we just don’t know. The future is uncertain and undetermined, because it hasn’t happened yet. What we do know however, …