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The Conversation: A £50 billion ‘Remain bonus’? This claim may not be a fact but it’s very likely

Michael Kitson, University Senior Lecturer in International Macroeconomics at Cambridge Judge Business School, writes an opinion piece for The Conversation about the £50 million bonus claim. “It should be emphasised that there is a lot of uncertainty about economic forecasts. They depend on the assumptions made by the forecaster; economic models are more reliable in the long-run (such as the next ten or more years) than they are in the short-run (the next few years); and forecasting the impact of unique events (such as Brexit) is very difficult.”

Read the full article [theconversation.com]