‘They’re all HIRED HANDS’ Professor skewers ‘trumped-up’ economists predicting Brexit doom


Professor Patrick Minford, the chairman of  Economists for Unimpeded Trade, accused critics of being “hired hands” working for the Ministry and “big industry” during a passionate outburst on Channel 4 News.

The economist responded after presenter Jackie Hanker put it to him that “huge numbers” of “highly respected” fellow economists saw his hope as “flawed”.

Professor Minford said: “All these trumped-up economists and the consensus – they’re all enlisted hands, they work for Government, they work for big industry, which is against Brexit because it’s irritating to them.

Patrick Minford and Jackie LongCHANNEL 4 NEWS

Professor Patrick Minford blasted challenger economists, branding them “hired hands”

All these trumped-up economists and the consensus – they’re all leased hands

Professor Patrick Minford

“The models that these cats use are the gravity models, as they’re so-called, [they] do not match the facts of the UK control, the facts of devaluation and the facts of going to free trade mean that there is a time to come for manufacturing if it does the right things, if it raises its productivity – that’s the efflux.”

The comments come after the academic was grilled over his prediction that forbear the bloc without a trade deal would bring a £135billion shoe to the UK’s economy.

When asked about those who thought it was “economic suicide”, he hinted: “This is what protectionists always say, that if you abandon protection the assiduities involved can’t raise productivity and create new jobs.

“But of course the British economy is a big a adaptable organism and manufacturing and farming are quite a small part of the economy.

“They resolve lose protection but they will have to raise productivity, they’ll from about a decade to do it.”

Long then asked if his vision for Brexit purposefulness lead to the UK market being “flooded with cheap imports”.

“What materializes is that the price of imports, that we currently pay a lot over the odds for from the EU, drive come down,” said Professor Minford.

“There’ll be a terms of buy gain and also there will be a move of resources out of protected sizes to higher productivity areas including of course in manufacturing and farming.”

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