Outside the monetarist and free-marketeer camps, few UK economists advocated Brexit (the few notable exceptions included Cardiff University’s Patrick Minford). In fact, the UK’s most prominent independent economic research centres – the National Institute of Economic and Social Research, the Institute for Fiscal Studies and the Centre for Economic Performance – went as far as releasing a joint statement on the eve of the vote. It rebutted or at least questioned some of the claims made by campaigners on both sides as to the expected effects of Brexit. Verdicts were clear: claims as to the damage done by EU membership and the benefits of leaving the EU were exaggerated.
Yet their views appeared to have made little difference. Why? Read more here.