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A detailed investigation by Economists for Free Trade has shown that when Government policy on Brexit and its key objectives are used then the British economy will in fact grow by between two and four per cent better than if the UK had stayed in the EU.
The Alternative Brexit Impact Assessment has now been passed on to Cabinet ministers to inform the crucial discussion of the Brexit sub-committee on Thursday.
It also reveals that a “no deal” scenario gives Britain a £651 billion boost while the EU would lose £507 billion.
The discredited Government impact study was branded “Project Fear 2” after it was leaked to a pro-Remain website earlier this month and described as “flawed” by Brexit minister Steve Baker.