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

'It makes me angry, it's a bit rich from him'

Jay accuses Robert Jenrick of using youngsters' poverty to chase clicks from the far-right

'How do you get Hamas out? We didn't get the IRA out...'

LBC caller from Northern Ireland warns trauma will perpetuate conflict in Middle East

LBC Caller: 'At least we know where we stand with Reform'

LBC Caller: 'At least we know where we stand with Reform'

LBC callers react to the local election results

LBC callers react to the local election results

Caller Heidi

Caller Heidi can't understand why the Ukraine minerals deal has taken the US so long

LBC caller reveals she was ignored by police when she reported elder abuse of her parents

LBC caller reveals she was ignored by police when she reported elder abuse of her parents

'Unreasonable' of IOPC to hold gross misconduct hearing into Chris Kaba's killer

LBC caller: 'Unreasonable' of IOPC to hold gross misconduct hearing into Chris Kaba's killer

Science, Innovation and Technology Secretary Peter Kyle takes part in the Call the Cabinet phone-in on LBC hosted by Shelagh Fogarty.

Online safety laws not up for negotiation in deal to exempt Britain from Donald Trump's tariff plan, Tech Secretary tells LBC

"Pretty terrifying day": Wes Streeting sends "heart out" to those affected as three dead at care home.

'Pretty terrifying day': Wes Streeting sends 'heart out' to affected as three dead at Dorset care home

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