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London mayor accused of relaunching 'Project Fear' with taxpayer-funded Brexit report

London mayor accused of relaunching 'Project Fear' with taxpayer-funded Brexit report

The scenarios examined include leaving the EU single market, leaving the customs union, or failing to secure a transition deal by March 2019, described as a "hard Brexit" in the study.

Nevertheless, the "independent" studies returned to the familiar themes of a jobs massacre and an enormous hit to growth in the event of a full, clean Brexit, with the economy losing some £54 billion by 2030, and some 500,000 jobs at risk.

"In order to make sure we protect ourselves against the most damaging effects of Brexit in the South West, we must stay in the Single Market and the Customs Union".

Murphy, like many other economists, corporate managers, and globalist politicians, also predicted prior to the 2016 referendum that a Leave vote would mean "recession is unavoidable", in step with the George Osborne-led Treasury's official line. "As a result, London is likely to account for an increasing share of the UK's GVA".

Citing the importance of European Union workers and funding programs to the U.K.'s creative sector, the Federation said it was vital to "ensure our future relationship with the European Union allows the very best talent to work both here and overseas".

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"As an extreme example, if every vacancy that would have been filled by a migrant from outside the United Kingdom is filled by a United Kingdom national, employment would be unchanged while population would shrink because the migrant never came".

Britain and the European Union will soon begin the much harder task of defining their future trading relationship, after settling the broad terms of their divorce settlement last month. If the Government continue to mishandle the negotiations we could be heading for a lost decade of lower growth and lower employment. Ministers are fast running out of time to turn the negotiations around. "A "no deal" hard Brexit is still a very real risk - the worst possible scenario".

According to the BBC, Tories on the London Assembly, an elected body which scrutinizes the mayor, said: "Sadiq Khan, a well-known Remainer and advocate of Project Fear, has simply produced a continuation of his widely publicized anti-Brexit views".

"The government and the European Union are engaged in long and complicated negotiations and, until the outcome is known, this is merely scaremongering and speculation".


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