Much of the public debate has been dominated by the big guns of Project Fear, whose puppet-masters, rather like First World War generals, think that more of the same – one big push – will break the public’s remarkable determination. There is no excuse for informed and responsible people to believe these scare stories, which have been rubbished by authoritative independent economists, including former Bank of England governor Lord King, the Nobel laureate Paul Krugman, and the former assistant director of the International Monetary Fund’s European Department, Professor Ashoka Mody.
Read this brief but comprehensive rebuttal of the Remain side’s fake news
BfB has shown in detail how absurd particular forecasts and scenarios are:
- No rational person can believe that Brexit will be worse than the worst of the 1930s Great Depression
- The Economist, herald of doom, can’t even get basic facts right:
- The Financial Times columnist Martin Wolf goes even further into fantasy, and is calmly taken to task by Dr Graham Gudgin:
The main source of Project Fear was the 2016 Treasury forecast, produced under George Osborne. Though widely dismissed by economists, it is still constantly referred to by Remainers, using such terms as ‘government figures’ or ‘official forecasts’. BfB has long made available to the public analyses showing precisely how the Treasury arrived at a grossly inflated estimate of negative effects of Brexit
For a passionate denunciation of this whole fraud on the public, written by a business person, see https://brexitcentral.com/plea-pm-leave-supporting-businessperson-stop-scare-stories-embrace-sovereign-brexit/