Milton Keynes Liberal Democrats

A MyCouncillor website for the Milton Keynes Liberal Democrat team. Learn more

Autumn Statement – BREXIT Blackhole

by Douglas McCall on 24 November, 2016

The cost of BREXIT is being revealed.

The cost of BREXIT is being revealed.

 
£60bn direct cost of Brexit – £220bn black hole for the public finances
 
The OBR has worked out that the direct cost Brexit will amount £60bn over the next five years. The annual cost will be around £15bn a year after the UK leaves, or £288m a week. The OBR has also forecast a rise a unemployment and a fall in living standards. Meanwhile, the total cost to the public sector will be £220 billion.
 
So, no extra £350M a week as promised by the Leave Campaign, but instead a COST of £288M per week. That is £638M less that Farage, Johnstone & Co promised. What a con.
   Leave a comment

Leave a Reply

You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>