Some quotes from
The deceptions behind George Osborne's Brexit report
Fraser Nelson, The Spectator, 18/04/16
"it’s his maths, today, which shames his office – and his use of this maths to make the entirely false suggestion that the Treasury thinks Brexit would make you £4,300 worse off."
"Deception 1. Osborne falsely claims that people would be ‘permanently poorer’ when he’s talking about the difference between 29pc GDP growth and 37pc GDP growth."
"Deception 2. Osborne then translates this reduction in potential GDP to household income..." "...GDP contains measures like the operating surplus of corporations; and all manner of other measurements."
"GDP per household, this bogus invention, bears no relation to household income. If GDP is divided by households it’s £68,000: nothing like they average disposable income (£18,600 per head, or £45,400 per household)"
"Deception 3. To arrive at the £4,300 figure, the Treasury divided GDP in 2030 by the number of households today. Arguably the most dishonest trick of the lot because, with all that immigration, there’ll be plenty more households by 2030."