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CUL: Independent Review of HM Treasury’s two EU referendum models finds grossly exaggerated impact

Professor David Blake has conducted an independent review of the Treasury’s two reports on the economic consequences of a vote to leave the European Union in the Referendum on 23rd June.

He comments: The Treasury’s reports predict that each household in the UK will be worse off (in terms of a lower gross domestic product) by £4,300 or more by 2030.  My analysis, Measurement without Theory: On the extraordinary abuse of economic models in the EU Referendum debate, finds that this prediction is grossly exaggerated for two main reasons.

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