Brexit does mean taking full control of £350 million a week. A top economist has backed Boris Johnson in his exchange with Sir David Norgrove over how much money the UK will be able to take back control of upon leaving the EU.Professor David Paton, Chair of Industrial Economics at Nottingham University Business School and a member of Economists for Free Trade, says that the Chair of the UK Statistics Authority’s letter attacking the Foreign Secretary “is simply wrong” and “will need to be retracted”.Sir David Norgrove accused Boris Johnson of using the £350 million per week figure in connection with “the amount that might be available for extra public spending”, which is factually wrong. order back issues and use the historic Daily Express

CapX, June 16, David Paton.

He has acted as an adviser to several government departments including HM Revenue and Customs, DCMS and DTI.

Clearly the EU side have an incentive to delay as they would be happy to see the U.K. tied to EU rules and paying contributions for as long as possible. If no deal is reached, the two sides would trade on World Trade Organization terms, which would involve the imposition of tariffs and quotas.Anadolu Agency spoke with two experts to see if the coronavirus outbreak would effect Brexit talks.Before coronavirus emerged, British Prime Minister Boris Johnson long ago ruled out any further extension to Brexit, as he ran his election campaign on the slogan “Get Brexit Done”.Extending the transition period would also mean the U.K. would have to make financial contributions to the EU -- something London would not want to do but Brussels would be happy to see happen as the EU has struggled to fill the £60 billion ($70 billion) hole left by the U.K. withdrawal.One round of Brexit talks scheduled for earlier this week was already postponed due to the outbreak.“We are confident that we can get this done, and I do not think that delaying Brexit negotiations would give anyone on either side of the channel the certainty they need,” said Foreign Secretary Dominic Raab.It was suggested continuing negotiation through measures including increased use of video conferencing.

“What is needed is some clarity from the EU side as to whether they are really interested in a trade deal which is acceptable to the U.K., i.e. The mood music from negotiators Michel Barnier and David Frost does little to suggest that the EU and UK will agree a trade deal by the end of the year. If we want to talk about the money over which we will have control when we leave the EU, it is reasonable to use either the gross figure of £375 million per week or the post-rebate sum of just under £300 million per week.If we want to be more cautious and assume that we will continue to fund all projects currently funded by the EU, we would still have an additional mount of at least £170 million per week.Almost certainly, over time, we will want to re-direct much of current EU spending to priorities which better match UK voters. I am following all the necessary instructions, as is my team,” Barnier tweeted. Make the most of your money by signing up to our newsletter for BITCOIN LIVE: Bitcoin heads towards $11,000 record priceBig home owners to pay DOUBLE council tax in authority’s new schemeThe BofE health-check has also eased fears that many banks and financial institutions might leaveSmaller, younger banks are more agile than big city institutions

By contrast, ardent Remainer academics had licence to insult and propagandise demonstrable untruths on Twitter or Facebook, on television and in the mainstream print media with little fear of sanction. By then the gross payment is expected to rise to £19.5 billion – £375 million per week – or, after the rebate, £15.3 billion – just under £300 million per week. Please see our David Paton, professor of industrial economics at Nottingham University Business School, member of Economists for Free Trade and Labour Leave, has said yesterday's news UK financial institutions had passed the "worst-case scenario" stress test shows the economy can survive and thrive in Brexit Britain.For the first time since the test was introduced, it was found banks could cope and even support the UK through a "hard" Brexit scenario without curbing lending or relying on taxpayers’ support, the Bank of England confirmed on Tuesday.The move, Mr Paton says: "Is reassuring given that the Bank of England assumes that leaving (the EU) with no formal trade deal will cause serious problems for the UK economy.” The annual health-check has also eased fears that many banks and financial institutions might leave London.Mr Paton believes there is no sign of any mass move of jobs out of the City and credits the "pre-referendum scare-mongering from the big banks - many of whom like Goldman Sachs funded the Remain campaign”, for these headlines.He adds: "There are also likely to be movements the other way – the UK will remain a strategically vital finance centre for all sorts of reasons and once we are out of the EU, some companies currently based in continental Europe are likely to want a foothold in the UK and to set up (or expand) operations here.”One innovative new British-based bank confirms the new-found confidence sweeping through the sector.Monese, the first mobile only current account in the UK is currently growing at a rate of 1,000 accounts a day.And CEO Norris Koppel told Express.co.uk in no uncertain terms: "Monese is ready for a hard Brexit. "We have taken steps to ensure that Brexit has a minimum impact on our business by securing additional licensing coverage in mainland Europe.” See today's front and back pages, download the newspaper, In fact, an argument can be made for either. "This simply doesn’t leave it with sufficient bandwidth to conduct the negotiations as planned.

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