[1][2] Economists for Free Trade is one of few organisations predicting a positive economic impact of a no-deal Brexit.
[3][4] Led by Professor Patrick Minford, the group maintained close ties to pro-Brexit Conservative MPs.
[5][6] Its website was discontinued during 2021, but its advisory board was said to include Jacob Rees-Mogg, Owen Paterson, Matt Ridley and David Jones.
[8] Furthermore, Minford's assumption that goods prices would fall by 10% comes from attributing all producer price differences between the EU and low-cost countries to EU trade barriers, ignoring differences in quality.
[8] But such statistical biases may reinforce rather than weaken the case for remaining in the EU.