Chancellor Philip Hammond is an “economic illiterate” and does not understand the benefits of free trade, according to veteran economist and former Treasury advisor Professor Patrick Minford.
Mr Minford published a new paper yesterday calling for unilateral free trade, with the immediate elimination of all taxes on imports into Britain.
Minford is correct of course.
“This is economic illiteracy. I don’t know how one deals with an economic illiterate other than to say ‘come to my lectures’,” the professor said, speaking at the launch of EFT.