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The OECD’s economic survey was vital—but not for the reasons you’d think

Forget the short-term Brexit predictions, the crucial part of the OECD’s new report was the emphasis on domestic policy

By Jonathan Portes  

Secretary General of the OECD José Ángel Gurría. Photo: Thierry Monasse/DPA/PA Images

These days, whenever the experts from one of Michael Gove’s “organisations with acronyms” produce a new forecast or analysis of the UK economy, there is a predictable chorus of “I told you so” from both sides of the Brexit divide. On the Remain side, it’s vindication of their claim that the predicted economic downsides of Brexit are now materialising. Unsurprisingly, George Osborne’s Evening Standard claimed that this week’s OECD “bombshell report” “painted an apocalyptic vision of a ‘hard’ exit from…

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