Gove is hiding the harm we’ll all suffer because of Brexit
Could you trust this face? Don’t. Michael Gove is hiding the facts from you.
Here’s a typical double-standard from Michael “Don’t Trust Experts” Gove:
He’s broadcasting the predicted boost to the economy of a future trade deal with the United States – just 0.16 per cent.
But he’s refusing to admit that the loss of the current trade deal with EU countries – gone because of Brexit – means a loss of 5.2 per cent of GDP over 15 years, and that’s if a “typical” free trade agreement is struck.
It’s all part of the Tory Brexiteer bid to make fools of the general public.
They think we’re so stupid that if they don’t tell us about the harm their policies are causing, we won’t notice.
Are they right?
The economic cost of Brexit was laid bare on Wednesday by Britain’s official budget watchdog, which warned that leaving the EU would hit growth, exports and the public finances at a time of rising uncertainty.
Against a backdrop of coronavirus and slowing global growth, the Office for Budget Responsibility modelled for a 5.2 per cent loss of potential GDP over 15 years if a “typical” free trade agreement was struck.
The watchdog said that Britain had already lost 2 per cent of potential output since the 2016 Leave vote with a further 3.2 per cent to come, blaming rising trade friction, restrictions on migration and red tape.
The warning came as Michael Gove, cabinet office minister, revealed that the government would not publish its own economic impact assessment of the Canada-style trade deal that Britain hopes to strike with the EU.
Mr Gove told MPs he was “sceptical” about economic impact assessments, even though the government has just published a detailed 60-page document setting out the possible economic advantages of a trade deal with the US.
“We are taking a different approach with the EU,” Mr Gove told a House of Commons committee examining the Johnson government’s handling of post-Brexit trade negotiations.
The report also warned that Prime Minister Boris Johnson’s new migration regime, which aims to halt the inflow of low-skilled EU labour, would force up Britain’s borrowing costs by £1bn a year in 2024.
Source: Economic cost of Brexit laid bare in OBR forecasts | Financial Times
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