mainly macro: In defence of George Osborne over Brexit – Simon Wren-Lewis

English: East entrance of HM Treasury Français...

English: East entrance of HM Treasury Français : Entrée Est de HM Treasury (Photo credit: Wikipedia)

This is a recommended read by Simon Wren-Lewis, the respected Oxford economist. Knowing his liberal political leanings, it is significant that he comes to the defence of George Osborne over Brexit.

Source: mainly macro: In defence of George Osborne over Brexi – Simon Wren-Lewis

Of course, there can be different views about presentation, packaging and window-dressing but the Treasury‘s evidence on Brexit is compelling. This, of course, is echoed by the Bank of England.

Britain will remain better off remaining part of the EU.

Boris Johnson dismisses fears that trade will be hit by Brexit | Daily Mail Online

English: Mayor of London, Boris Johnson poses ...

English: Mayor of London, Boris Johnson poses for a photo prior to ringing the opening bell at NASDAQ on September 14, 2009. (Photo credit: Wikipedia)

In this highly controversial article, the Mail reports the London Mayor bluntly rejecting warnings from Prime Minister David Cameron about the impacts of Brexit as tensions over the looming referendum ramped up.

Source: Boris Johnson dismisses fears that trade will be hit by Brexit | Daily Mail Online

Unfortunately, Johnson is big on rhetoric and light on evidence. There have been numerous outstanding papers by world class experts warning of the risks of Brexit.

The Mail is irresponsible in highlighting Johnson’s comments about being overrun with Turks. There is no agreement for Turkey to join the EU and certainly not for Turks to have free access to jobs.

The Economist reported that immigration is likely to continue even if the UK leaves the EU because of the skills shortage in the UK. Indeed it is probably the lazy, aging poorly skilled people who don’t want to work to whom Johnson is appealing.

The Out campaign are putting immigration ahead of the risk of real economic hardship. Johnson has shown that his judgement is seriously questionable.

Thoughts?