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Households will be up to £40 a week better off once Britain has left the EU, top economists claimed.

The price of food and other products will tumble as we begin importing tariff-free goods from around the world.
National output will rise as we become an international trading nation – raising living standards, creating better-paid jobs and cutting unemployment.

Britain’s economy could enjoy a Brexit boost worth £135billion a year, according to a glowing assessment by a group of 16 leading economists.

They say there is mounting evidence that quitting Europe’s trade barriers will transform our prospects over the next decade.

We would also reap savings from cutting immigration, slashing EU red tape and halting contributions to Brussels.

Professor Patrick Minford, who helped draft the report, argued it is time to abandon the gloomy forecasts and embrace the new prosperity on the horizon.

He declared: “Project Fear failed yet many Remainers are trying to resurrect it.

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