Chancellor rubbishes his own advisers and denies Brexit ‘will make us poorer’

Asked about feared 4% GDP slump, Jeremy Hunt says he doesn’t accept ’all’ OBR forecasts – adding ‘I accept all the ones I agree with’

Jeremy Hunt has rubbished the forecasts of his own economic watchdog and declared he does not accept Brexit “will make us poorer”.

In a fractious interview, the chancellor was confronted with his watchdog’s analysis that leaving the EU will swipe £100bn from output and £40bn from revenues by the decade’s end.

But Mr Hunt, asked about that Office for Budget Responsibility (OBR) analysis of a 4 per cent GDP slump, replied: “I don’t accept the 4 per cent.”