😲 The OBR asserted that Brexit barriers would result in a 15% drop in trade, contributing to a 4% lower GDP in the long run.
🤔 If Brexit had significantly impacted UK-EU trade, we would expect to see a divergence between British trade with the EU compared to non-EU countries.
"The Chancellor has decided to alleviate the impact of price rises rather than try to fight inflation.
"Cuts to fuel duty and income tax are very welcome, as is raising the National Insurance threshold, but they come at the cost of yet more borrowing.
Authored by the IEA’s Head of Lifestyle Economics @CJSnowdon, ‘Short term impact of minimum pricing of alcohol in Scotland’ uses new data from the @ONS to show that there is no evidence that minimum pricing has created a step change in the rate of alcohol-related harm in Scotland
Advocates of minimum pricing predicted that it would have an almost immediate impact in Scotland, with modelling forecasting 58 fewer deaths and 1,299 fewer hospital admissions in the first year. iea.org.uk/publications/S…
Sep 13, 2018 • 8 tweets • 3 min read
🇬🇧🇪🇺 Thread: No-Deal Brexit Fear-Checkers from the Institute of Economic Affairs 👇
No-Deal Brexit Fear-Checker, No. 1 by @julianHjessop: ✈️ “Planes won’t fly” ✈️ iea.org.uk/publications/p…