Predictions of recession if UK leaves EU based on 'bizarre assumptions'

Economists for Brexit group claims that downturn would be avoided if Britain removed all trade barriers after leaving EU

Economists campaigning for Britain to leave the European Union have accused the Treasury and international institutions of "groupthink" in a report that says growth would be boosted if all trade barriers were removed after a leave vote in this month's referendum.

The group Economists for Brexit (EfB) said consumers and businesses would benefit from lower prices once EU-imposed tariffs were removed and dismissed predictions that the UK would be plunged into immediate recession if the remain campaign lost on 23 June.