This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-36150193
The article has changed 2 times. There is an RSS feed of changes available.
Previous version
1
Next version
Version 0 | Version 1 |
---|---|
'Economists for Brexit' back campaign to leave EU | 'Economists for Brexit' back campaign to leave EU |
(about 11 hours later) | |
A group of eight influential economists have thrown their support behind the Leave campaign in the UK's referendum on EU membership. | A group of eight influential economists have thrown their support behind the Leave campaign in the UK's referendum on EU membership. |
The group, Economists for Brexit, argue that leaving the EU would boost the UK economy by 4% in 10 years. | The group, Economists for Brexit, argue that leaving the EU would boost the UK economy by 4% in 10 years. |
Brexit would put the UK outside the EU's customs union, which puts tariffs on imported goods. | Brexit would put the UK outside the EU's customs union, which puts tariffs on imported goods. |
The report claims that by being free of those constraints, prices in the UK would fall by 8%. | The report claims that by being free of those constraints, prices in the UK would fall by 8%. |
The EU referendum: All you need to know | The EU referendum: All you need to know |
The group proposes a World Trade Organization (WTO) agreement with the EU, similar to that enjoyed by the US and China. | |
The report's authors include Professor Patrick Minford, a former adviser to Baroness Margaret Thatcher, and Gerard Lyons, a former chief economist at Standard Chartered Bank and now an adviser to the London Mayor, Boris Johnson, who is campaigning for Britain to leave the EU. | The report's authors include Professor Patrick Minford, a former adviser to Baroness Margaret Thatcher, and Gerard Lyons, a former chief economist at Standard Chartered Bank and now an adviser to the London Mayor, Boris Johnson, who is campaigning for Britain to leave the EU. |
The economic arguments have so far been tilted towards the Remain camp with the International Monetary Fund (IMF) and The Organisation for Economic Co-operation and Development (OECD) warning against leaving. | The economic arguments have so far been tilted towards the Remain camp with the International Monetary Fund (IMF) and The Organisation for Economic Co-operation and Development (OECD) warning against leaving. |
The OECD said leaving the EU would be the equivalent of imposing an additional "tax" of one month's income on UK workers. | The OECD said leaving the EU would be the equivalent of imposing an additional "tax" of one month's income on UK workers. |
A spokesperson for Britain Stronger In Europe said: "[UK] Treasury analysis shows that trading under WTO rules would be the worst possible alternative to EU membership, seeing households £5,200 worse off and a public spending black hole of £45bn." | A spokesperson for Britain Stronger In Europe said: "[UK] Treasury analysis shows that trading under WTO rules would be the worst possible alternative to EU membership, seeing households £5,200 worse off and a public spending black hole of £45bn." |
Previous version
1
Next version