WE’VE heard a lot from the EU Remain camp about Treasury forecasts of gloom and doom over Brexit but perhaps we should take a closer look at these economic “experts”.
The Treasury has a staff turnover of about 28 per cent annually, with most staying no more than three years. Officials have an average age of around 27 and they spend ab out two years in any on Treasury section.
In 2015, at the time of the General Election, fewer than half of them had worked there during the 2010 election. They don’t therefore have any long term experience of economic or world events, especially European history.
Assuming most of them left university at 21 or 22, it means they have had only about five years actually working in the outside world, if we can call the rarified Treasury the outside world. And these callow youths are so called experts?
You’d probably get more mature advice from the future teller on Scarborough seafront.
Peter Flanagan, Holly Tree Garth, Stockton-on-the-Forest, York
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