Miscalculating the cost of Brexit

Economics expert Tony Thirlwall says the way the media has reported the potential costs of Brexit is misleading.The way you (and other newspapers) have reported the Treasury estimates of the potential costs of Brexit to the UK as a whole, and to the regions, under different Brexit scenarios is very misleading (Revealed: the £80bn cost of hard Brexit, 8 February).A reduction in output of 10% over a 15-year period is a “hit” to the growth rate of less than 0.5% per annum (co