George Osborne has calculated that leaving the EU would cost us all around £4,300 per annum in extra taxation and losses incurred by no longer being ‘in the club’.
Professor of Economics Patrick Minford has also been looking to see the effects of leaving the EU.
In his book “Should Britain leave the EU?” published by the highly respected Institute of Economic Affairs and taking into account things only possible outside of the EU such as reduced regulation, lower energy prices, removing the Common External Tariff and setting up our own trade deals around the world, none of which appear to have been considered by Mr Osborne, calculates that the true benefit to the UK of leaving the EU is that we would be better off by £9,200 per household per year.
The question is: “Who you believe”? Professor Minford and the Institute of Economic Affairs, or the man who had to admit he’d got his 2016 budget wrong and had to rewrite an important part of it a few days later?