Professor Patrick Minford (HERE) is at it again. In the run up to the vote he suggested we should trade with the rest of the world without any tariffs at all although this, he admitted, "would mostly eliminate manufacturing" in the UK (HERE). He seems to think eliminating manufacturing is a "bump in the road" and he may be right but the millions of people employed in manufacturing may not be quite so gung ho about it.
Now he is again (HERE) advocating the same thing and says, "the main remaining task of Brexit policy is for the Ministry of Brexit under David Davis to withdraw us from the single market and take us to unilateral free trade, to reap these huge gains from eliminating EU protectionism and regulation".
He says, contrary to all the gloomy warnings, that everything is rosy, "The reality is that the situation of ordinary households today has never been better: real disposable incomes are rising at more than 3 per cent and employment levels are at a record. Credit is easily available; and the Bank of England yesterday made that easier still. The pound has dropped around 15 per cent, as it usually does when the UK hits a bump in the road". So, there you have it.
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