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Are the Single Market’s benefits imaginary?

The figures suggest this

By Michael Burrage  

Former Chancellor George Osborne didn't think so © Matt Cardy/PA Wire/PA Images

One of the more curious aspects of UK membership of the Single Market is that successive governments have declined to monitor and measure its impact on the UK economy. Hence the Treasury’s study during the referendum was unable to cite a single source that had traced and analysed the benefits of the Single Market over time. Instead, it relied on a model to calculate retrospectively what these might have been, as the basis of fanciful predictions about…

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