Treasury forecasts and the post-Brexit UK economy

Brexit minister Steve Baker. ‘Economic studies are not attempting to predict a final outcome but what will happen under different assumptions about the form of Brexit,’ writes John Whitley.In a way Steve Baker is right (Backlash over minister’s claim that government forecasts are never right, 31 January), because it is nigh impossible to predict with precision a particular outcome in a world characterised by lots of unknowns.The Bank of England, among others, has long recognise