Economics

Fact, Fiction and Brexit: Truth-Squadding the Arguments

Will cows be forced to wear diapers?
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The U.K.’s referendum on its membership in the European Union has prompted a whirlwind of claims about the bloc, some more accurate than others.

Both sides are clashing over the effects an exit will have on trade and investment, especially after the publication of a U.K. Treasury report this week predicting a decline in British output of as much as 7.5 percent after 15 years, costing as much as 2,100 pounds ($3,000) per person. Proponents of the Leave campaign call the analysis absurd. While some assertions are difficult to judge, others benefit from closer inspection.