Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Sunday 27 November 2016 11:04 am

Michael Gove just totally dissed economists and “expert” pollsters and social scientists

By: Lynsey Barber

Add as a preferred source on Google

Michael Gove has dissed economists, calling them out for failing to predict the financial crisis back in 2008 and for getting it wrong when it comes to the impact of June's vote for Brexit, as well as labelling the profession "in crisis".

The former justice secretary and Leave campaigner who was sacked from the frontbench by Prime Minister Theresa May, was responding to the economic forecasts made last week detailing the expected impact of Brexit on economic growth.

The Office for Budget Responsibility (OBR) cut forecasts while wages will take a hit according to the Institute for Fiscal Studies (IFS), with Brexit to blame.

Read more: "One cannot stress enough how dreadful it is": Dire warning on wage growth

Gove, now sitting on the sidelines of government and returning to his career as a journalist writing for The Times, told the BBC's Andrew Marr Show:

"Economists have to recognise they're a profession in crisis. That the economics profession failed to predict the 2008 financial crash, that economists in the past argued… that we should enter the single currency, they were proven wrong. And as a profession they were proven wrong about the impact of Britain voting to leave the European Union."

"The Prime Minister and the chancellor are right to respect the independence of the OBR, but right also to take it with a pinch of salt," he added.

Asked whether as a "non-expert", he should accept the possibility that they may be right, he said:

"Yes, you do, but I'm radically sceptical about some of the claims that are made, but I accept the fact that there is integrity to the individuals making these predictions. They look at the information they have, they draw the conclusions they consider appropriate."

But "returning to the whole area of prediction" he claimed he had been cut off mid-sentence in his now infamous claim that "people in this country have had enough of experts".

Read more: The OBR just cut forecasts of UK growth as Brexit takes its toll

"The point I make is that not all experts are wrong, that's manifestly nonsense. Expert engineers, expert doctors, expert physicists." 

"But there are a sub-class of experts, particularly economists, pollsters, social scientists, who really do have to reflect on some of the mistakes that they've made. In the same way as a politician I've had to reflect back on some of the mistakes I've made."

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics
  • News

Categories

  • Business
  • Economics
  • Politics

Trending Articles

  • Burnham told to launch £100bn tax reform package

  • Billionaire Easyjet founder in line for £800m payday from takeover

  • Construction sector cuts jobs again as house building slumps

  • Harry Styles at Wembley Stadium review: running through the grief

  • Tickets for England World Cup quarter vs Norway on sale for $8m

More from City PM

  • A decade after Brexit, what does the City want next?

    Banking
    European Business Alliance meeting discussing economic growth strategies, with diverse leaders engaging in a roundtable di...
  • Brexit 10 years on: Labour’s EU reset deal is ‘no growth strategy’

    Politics
    According to a new report from UK in a Changing Europe (UKICE), UK services trade has been more resilient than almost all other advanced economies.
  • ‘Course correction’: UK economy to contract as ‘energy shock catches up’

    Economics
    Rachel Reeves discusses AI adoption for economic growth at UK business conference podium.
  • Has Brexit been a success? It’s too early to tell

    Politics
    (An anti brexit protester seen with his placard and a EU flag outside the house of parliament. -- Photo by Dinendra Haria/SOPA Images/LightRocket via Getty Images)
  • Brexit 10 years on: Business does not want a referendum rerun, says CBI chief

    Business
    CBI Chief Economist Newton-Smith addressing economic trends at a business conference podium with charts in the background
  • Vance says ‘broken’ Britain must rebuild economy, not just change PM

    Politics
    Andy Burnham returns to Parliament
  • OECD: Growth to remain below one per cent as UK economy struggles with unemployment

    Economics
    Sir Keir Starmer and Rachel Reeves discussing policy at a press conference, emphasizing Labours economic strategy
  • Jeremy Hunt is right to ask Can We Be Rich Again?

    Economics
    Former Chancellor Jeremy Hunt

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy