Skip to content
Tuesday 1 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,824.26
+0.29%
DAX
26,258.11
0.00%
CAC 40
8,334.50
0.00%
STOXX 50
6,420.16
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Thursday 26 May 2016 3:18 pm

Top Tory tackles Treasury over “propaganda” Brexit forecasts

By: Mark Sands

Add as a preferred source on Google

Former shadow home secretary David Davis has condemned the EU referendum's remain campaign, arguing that the Government is publishing “pure propaganda”.

In a forthright intervention, Davis slammed Treasury claims that a vote to leave the EU would generate a recession, and that it would leave households worse off in the long run.

Davis has long been within the Conservatives, giving up a lengthy career on the frontbenches in 2008 in a bid to spark a debate around the erosion of civil liberties.

And speaking today he lambasted the Government's forecasts: “Last Autumn, the Treasury found £27bn down he back of the sofa, only to be strapped for cash by the Spring. It cannot accurately forecast six months, Why should we believe they can forecast 15 years?”

Read More: Khan: Forget fear, we must make the patriotic case for the EU

Davis also argued that the role of the EU in job creation in the UK is being overstated, and denied suggestions that the UK would suffer unnecessarily while it seeks new trade deals with EU members.

“They have claimed that hundreds of thousand if not millions of jobs rely on our membership. The reality is that the EU has been a destroyer of jobs across the continent, and has created next to no jobs for British people in the UK in recent years.

“They have claimed that our economic interaction with the continent will all but cease, and in the case of one over-excited minister, that it would fall to absolute zero, should we leave the EU.

The reality is that the hard-headed, pragmatic business men on the continent will do everything to ensure that trade with Britain continues uninterrupted,” he said.

Davis concluded: “The Treasury and other establishment claims that Britain's prosperity pivots on our membership of the EU is pure propaganda.”

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • Jaguar reveals the Type 01’s screen-free interior

  • Treasury ‘tells Healey’ to consider tax on banks and oil

  • Pensioners to hand over bank statements in government benefits crackdown

  • City firms mandate phone and face-to-face comms bootcamps for Gen Z lawyers

  • Jamie Carragher: HMRC petitions for Sky Sports star to be declared bankrupt

More from Morning Wire

  • AT&T-Led Neutral-Host Network Powers New Connectivity Experience at Davis Wade Stadium

    Business Wire
  • Treasury minister: Meeting Nato defence pledge is Burnham’s job

    Politics
    UK defence strategy meeting, officials discussing military advancements and security measures in a conference room setting
  • Treasury ‘tells Healey’ to consider tax on banks and oil

    Politics
    Chancellor John Healey smiling, wearing a navy suit, white shirt, and red tie.
  • Sadiq Khan lobbies Burnham to appoint Miliband as Chancellor 

    Politics
    Sadiq Khan addressing media at a press conference in formal attire, discussing recent developments in London policies
  • Lucy Rigby back as City minister

    Politics
    Lucy Rigby, a blonde woman in glasses and a red blazer, with a phone in her pocket, walking past a black gate.
  • Zanders Expands DACH Region with New Office in Vienna, Austria

    Business Wire
  • Russian propaganda website hit with record ‘pink slime’ payout at High Court

    Life&Style
    Due to the provided information being incomplete, I am unable to generate specific alt text for the image in question. Ple...
  • Nigel Farage asks the crudest question: are you with me or against me?

    Opinion
    Nigel Farage speaking at a podium during a press conference, addressing current political issues and public concerns
MorningWire

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

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

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