Is the CBI admitting defeat?

The article, The CBI has admitted defeat – and the economic case against Brexit is collapsing, appeared on the City A.M. website on 22 March 2016. The author, Richard Tice (co-founder of is commenting on a PwC report, Leaving the EU: Implications for the UK economy. I have read the PwC report—admittedly I mostly skimmed the annexes—and don’t see how Mr Tice’s comments are supported. I’ve annotated the article with my remarks and quotes from the PwC report, the CBI announcement on their website and other sources.

For the avoidance of any doubt, I am in favour of remaining in the EU despite the problems.Diaper Screenbean

The TL;DR version of this post is that the City A.M. article is a steaming pile of falsehood and misdirection.

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