Skip to content
Saturday 15 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,750.11
-0.21%
DAX
26,440.31
+0.53%
CAC 40
8,636.80
-0.16%
STOXX 50
6,539.59
-0.09%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Sunday 27 November 2016 11:04 am

Michael Gove just totally dissed economists and “expert” pollsters and social scientists

By: Lynsey Barber

Add as a preferred source on Google

Michael Gove has dissed economists, calling them out for failing to predict the financial crisis back in 2008 and for getting it wrong when it comes to the impact of June's vote for Brexit, as well as labelling the profession "in crisis".

The former justice secretary and Leave campaigner who was sacked from the frontbench by Prime Minister Theresa May, was responding to the economic forecasts made last week detailing the expected impact of Brexit on economic growth.

The Office for Budget Responsibility (OBR) cut forecasts while wages will take a hit according to the Institute for Fiscal Studies (IFS), with Brexit to blame.

Read more: "One cannot stress enough how dreadful it is": Dire warning on wage growth

Gove, now sitting on the sidelines of government and returning to his career as a journalist writing for The Times, told the BBC's Andrew Marr Show:

"Economists have to recognise they're a profession in crisis. That the economics profession failed to predict the 2008 financial crash, that economists in the past argued… that we should enter the single currency, they were proven wrong. And as a profession they were proven wrong about the impact of Britain voting to leave the European Union."

"The Prime Minister and the chancellor are right to respect the independence of the OBR, but right also to take it with a pinch of salt," he added.

Asked whether as a "non-expert", he should accept the possibility that they may be right, he said:

"Yes, you do, but I'm radically sceptical about some of the claims that are made, but I accept the fact that there is integrity to the individuals making these predictions. They look at the information they have, they draw the conclusions they consider appropriate."

But "returning to the whole area of prediction" he claimed he had been cut off mid-sentence in his now infamous claim that "people in this country have had enough of experts".

Read more: The OBR just cut forecasts of UK growth as Brexit takes its toll

"The point I make is that not all experts are wrong, that's manifestly nonsense. Expert engineers, expert doctors, expert physicists." 

"But there are a sub-class of experts, particularly economists, pollsters, social scientists, who really do have to reflect on some of the mistakes that they've made. In the same way as a politician I've had to reflect back on some of the mistakes I've made."

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics
  • News

Categories

  • Business
  • Economics
  • Politics

Trending Articles

  • Revolut takes flight with launch of new airport lounges

  • Grandparents fund university degrees to avoid inheritance tax net

  • Revolut chatbot goes rogue by charging users to cancel subscription

  • Brompton Bicycle sues former adviser for ‘professional negligence’

  • As It Happened: Stocks dip as oil’s ‘slowing demand’ in focus; Iran threatens to extend war

More from Morning Wire

  • Singapore on Thames or the Sick Man of Europe?: The Economics of Brexit Ten Years from the Referendum 

    Opinion
    UK-EU Brexit negotiations meeting with officials discussing trade agreements and policy impacts in a formal conference room
  • Vance says ‘broken’ Britain must rebuild economy, not just change PM

    Politics
    Andy Burnham returns to Parliament
  • UK economy to ‘reverse gains’ as construction drags growth

    Economics
    Retail sales slowed in September
  • UK economy weathers Iran war shocks but slowdown incoming

    Economics
    Chancellor John Healey smiling, wearing a navy suit, white shirt, and red tie.
  • New Oxford Economics Study Shows the Social and Economic Impact of Bars

    Business Wire
  • Temporary inflation slowdown set to boost Burnham

    Economics
    Rising inflation graph with increasing percentage symbols, highlighting economic trends and financial market impact
  • Iran war could ‘halt growth’ across UK economy 

    Economics
    Andy Burnham, Mayor of Greater Manchester, in a dark suit and glasses, listening intently at a wooden table.
  • Where are Andy Burnham’s economic advisers?

    Politics
    Andy Burnham and John Healey at Number 10 North, both wearing suits and ties, with a microphone in the foreground.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook