Economists counter EU referendum claims

April 29, 2016 - A report published by “Economists for Brexit” -- a group of notable British academics and financial-sector economists -- estimates the UK economy could be up to 4% larger by 2030 if it left the European Union.

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After withdrawing from the EU, the gains are assumed to come from exporting to all nations under World Trade Organisation rules and not imposing any trade tariffs on imports from outside the EU.

Consumer benefits from abolishing trade taxes, and EU regulations on the environment, gender equality and working hours, while preserving London’s status as a global financial hub, would potentially boost GDP by over £72 billion (€90bn).