Ross Clark Ross Clark

The IPPR is simply trying to create anti-Brexit noise, and it has succeeded

How much more desperate can the Remain lobby’s propaganda become?    Having had its predictions of instant economic doom comprehensively disproved by events, it is dreaming up ever more devious ways of trying the hector the country into thinking that it made a huge mistake on 24 June.

Today, the Institute of Public Policy Research, a think tank closely associated with the Blair-era Labour party, publishes a report trying to predict what life in Britain will be like in the 2020s. It was eagerly lapped up by the BBC and the Guardian, who seem to favour this sort of stuff over reporting genuine, good, economic news. Needless to say, neither picked up on the IPPR’s rather obvious economic illiteracy.   

One of the IPPR’s conclusions is predictable enough: ‘The economic implications of Brexit are likely to put the country on a lower growth, lower investment trajectory, worsening the public finances, with important consequences for the UK’s economy and living standards.’      

This was one of the standard claims by the Remain lobby before the referendum and it is still trying to make the same point, even if UK growth has remained buoyant and the latest ONS release – only lightly reported last week – shows that business investment in the third quarter of 2016, in the immediate aftermath of the vote, was actually higher than in the second quarter.   

But it is what the IPPR goes on to say next that really takes the biscuit.    Brexit, it claims, ‘is the firing gun on a decade of disruption’, which will involve an ageing population and a fragile world order which will see American hegemony fade and economic power drift away from the West to the ‘Global South’.

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