Eurosceptic MP: Stop Wasting Money On Gloomy Brexit Forecasts

1 November 2017, 15:15 | Updated: 1 November 2017, 15:31

Economic assessments in relation to Brexit have been a waste of money and wrong, says John Redwood MP.

The Eurosceptic Tory said “we don’t want to waste money on these forecasts" as "it puts people in a bad mood".

He was critical of previous predictions made before the EU referendum, telling Shelagh Fogarty "we had a lot of money spent by the Treasury and the Bank of England, quite unnecessarily before the vote".

Shelagh & John Redwood
Picture: LBC/PA

The MP for Wokingham said they were comprehensively wrong and “far too gloomy” and even had some examples to hand.

Mr Redwood said: "They said jobs down - jobs went up. They said unemployment up - unemployment fell. They said house prices down - they did not fall."

He told Shelagh "we want to be optimistic" and questioned why he does’t get invited onto interviews to talk about opportunities which will be brought about by Brexit.

He added this included spending "our money on our own priorities which is why we don’t want the government giving it all away."

More Shelagh Fogarty News

See more More Shelagh Fogarty News

The Princess of Wales says she edited the photograph that was released to mark Mother's Day.

The insistence that we see Kate is tantamount to stalking, writes Shelagh Fogarty

Caller tells Shelagh his solution to illegal immigration.

LBC caller tells Shelagh Fogarty that the Channel islands are the answer to 'illegal immigration'

'Rishi Sunak chooses to do the self interested party politics': Shelagh Fogarty reflects on Tories' immigration policies

'Rishi Sunak chooses to do the self-interested party politics': Shelagh Fogarty reflects on Tories' migration policies

Shelagh Fogarty

Former Treasury official outlines 'three immediate priorities' likely to be reflected in Autumn Statement

Shelagh Fogarty

Suella Braverman's hardline crime bill seems like she's ‘interviewing' for career at ‘pathetic’ news channels, says caller

Shelagh and caller Sam

Anti-Semitic chants and actions 'delegitimize' pro-Palestinian cause asserts this Shelagh Fogarty caller

Shelagh and Ricardo Dos Santos

'It's sickening': Ricardo Dos Santos speaks to Shelagh Fogarty as two officers sacked over stop and search


Rishi Sunak has 'failed monumentally' to 'humanise' both sides of the Israel-Hamas conflict says Israel expert

Shelagh and Callum

Twitter is a 'particularly dangerous' place to get information now says the Centre for Countering Digital Hate

Shelagh and caller Simon

LBC caller details 'disgusting anti-Semitic' act he witnessed, as hate crimes rise in fall out of Israel-Hamas war

Sister of missing Israeli woman

'We hope she's hiding somewhere': Sister of missing Israeli festival goer fears she is being held hostage by Hamas

Distraught caller on Israel-Gaza conflict.

'This is a war against Hamas!': Distraught caller wants Israel and Palestine to take down the 'enemy' together

Shelagh and Alicia Kearns

Head of the Foreign Affairs Select Committee expresses concern over Israeli 'siege of Gaza'

Shelagh Fogarty caller on facial recognition.

This caller lacks 'trust' in the government's handling of the AI facial recognition debate

Shelagh condemns PM's comments on 'dignity' of the elderly.

'He painted a picture of a Britain that the Conservatives meant to build...': Shelagh Fogarty condemns PM's suggestion that elderly have 'dignity'

Shelagh Fogarty on Jenrick

'We're full aren't we?': Shelagh questions Robert Jenrick's motive behind encouraging Brits to increase birth rate