The Organisation for Economic Cooperation and Development warns this morning that Brexit would cost the average Briton one month’s salary by 2020, according to the Telegraph. The think tank predicts that families will be £2,200 worse off by the end of the decade should Britain chose to leave the EU on 23 June. ‘Normally when you pay a tax, you get something in return,’ said Angel Gurria, the OECD’s Secretary General. ‘You’re asked to pay a tax in order to have greater security, or because they’re going to pave the streets, or you’re going to get cleaner water.’
Meanwhile eight leading economists have formed ‘Economists for Brexit’, backing the Leave campaign. The report was produced by, among others, Gerard Lyons, adviser to Boris Johnson, and Professor Patrick Minford, formerly Baroness Thatcher’s consigliere. They claim that UK prices would fall by 8 per cent if we left Europe, thanks to avoiding Brussels-controlled customs tariffs.
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