This is one occasion in which the ‘Leave’ campaigners are absolutely right.
This Writer agrees with Parliamentary legend Denis Skinner, who tweeted the following:
“Osborne is now making 15 year predictions for the economy – despite his record of altering targets in every budget.”
This report is being presented as a major Treasury analysis – but the Treasury’s forecasting ability is widely derided and Osborne’s reputation is in tatters due to every single Budget statement he has ever made.
It is a major PR victory for the ‘Leave’ campaign – and one for which they didn’t have to lift a finger.
The UK would be “permanently poorer” outside the European Union, Chancellor George Osborne has warned ahead of the in-out vote on membership on 23 June.
A Treasury analysis suggests an EU exit could see the UK economy 6% smaller than it would otherwise be by 2030.
Mr Osborne said the smaller size of the economy projected in the report was the equivalent of £4,300 per household.
Leave campaigners called the claims “absurd” and “worthless” given the Treasury’s past forecasting record.
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